A Roadmap for Real Collaboration in Budgeting
Introducing an integrated and iterative process to align communities with their governments – and strengthen trust along the way.
Trust in government is eroding, and there is significant pressure for real collaboration and change.
The changing nature of governing requires local jurisdictions to implement new best practices for the cornerstone task of governing: making a budget.
In the Government Finance Officers Association's more than six years of deep investigation into what’s working and what needs changing in budgeting, as described in “Why Do We Need to Rethink Budgeting?”, the GFOA has articulated three core functions to the future of budgeting, including:
Budgeting - allocating a local government’s limited resources
Planning - articulating a desired future state for the organization
Monitoring/reporting - making sure that the commitments made during planning and budgeting are lived up to and maintaining an understanding of the environment
This white paper aims to introduce a roadmap that incorporates those functions for a modern government budget process. In it, our companies come together to propose an integrated, iterative, and transparent process that — when driven by inspired civic leaders and motivated staff — can steer government in the wisest possible direction.
Learn more from the Rethinking Budgeting initiative.
The Rethinking Budgeting initiative lead by the Government Finance Officers Association (GFOA) considers new ways of thinking, new technologies, and updated practices to better meet the changing needs of communities. Access many great resources and sign up for updates including reports and other valuable case studies.
"We understand that these practices may not be easy to implement and will require courageous leaders who value public engagement, long-term planning, collaboration, and data-informed decision-making. To create sustainable change, governments will also need to leverage new technologies that support these modern practices. We appreciate and support the efforts of Balancing Act, Envisio, and Questica as they partner to develop the tools and technology that will allow local governments to translate best practice recommendations into results for their residents."