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CMFO - Municipal Budgeting

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Wednesday, February 14, 2018 - 8:00am to 4:00pm
Contact Name: 
Michelle Buckner
Contact Phone Number: 

The budgeting class begins with a discussion of the budgetary environment in municipal government. Although most of the constraints on budgeting come from the political environment in which it takes place, quite a few state laws and regulations exist that affect the budget process. Because every municipal budget must comply with these laws and regulations, it is necessary to review them in detail. Revenue and expenditure forecasting will be discussed; they are very important to making the enacted budget as accurate as possible. The class concludes with some best practices in budgeting that may be helpful to the finance officers as they work toward a better budget document.


The Budgetary Environment
Financial Policies and Guidelines
The Budget Cycle
Budgetary Accounting
Budget Format
Capital Budgeting
Roles, Responsibilities and Processes for Municipal Budgeting in Tennessee
Revenue Sources and Estimation Processes
Expenditure Estimation Processes
The Role of Unassigned Fund Balance
The Government Finance Officers Association (GFOA) Distinguished Budget Presentation Award