Financial foundations for thriving communities / Shayne C. Kavanagh; Vincent Reitano.
Publisher/Date:Chicago : Government Finance Officers Association, 2019.
Note:Content: Pillar 1: Establish a long-term vision. Pillar 2: Build trust and open communication. Pillar 3. Use collective decision making. Pillar 4. Create clear rules. Pillar 5. Treat everyone fairly.
Summary:Financial Foundations for Thriving Communities introduces GFOA's new Financial Foundations Framework. Organized into five pillars, the Framework shows you how to improve your financial position now and create a strong foundation for a thriving community over the long-term. Each pillar includes different leadership strategies and/or institutional design principles. Understanding that local governments cannot order people to collaborate, leadership strategies help inspire pride and public support for a strong financial foundation. Institutional design principles, meanwhile, are the “rules of the road.” They provide the context for leadership strategies and ensure continuity of good financial practices through changes in leadership. Using case studies from many local governments, the book will help you develop a plan for implementing the Financial Foundations Framework in your community.