Session one: Foundations of Municipal Financial Management
Basic financial management involves running the day-to-day operations of a municipality while staying within the limits of the municipal budget. But it also includes less obvious responsibilities; making long-term investments in equipment and infrastructure and obtaining sound financing for these projects is also key to successful municipal operations. This session will look at how to build a solid foundation for your community’s financial management strategy.
Session two: Capital Budgeting for Municipal OperationS
Capital budgeting is an essential process that municipalities should use to evaluate and determine proposed expenses or investments that are extraordinary. Examples of these types of expenditures and investments include mid to large size construction projects or investing in a long-term venture such as a municipal stormwater system. This session will provide implementation strategies for building Capital Budgets.
Session three: Capital Improvement Planning for Municipal Operations
CIP (also referred to as the capital improvement program) is a short-range plan, typically four to ten years, which identifies upcoming capital projects, operational needs and equipment purchases. A well-developed CIP provides a planning schedule complete with identified options for financing the plan’s activities with revenue sources found within the scope of a municipalities financial holdings. This session will explore the benefits of developing and implementing a CIP.
Session four: Strategic Financial Planning for Municipal Government
Strategic Financial Planning is an indispensable process by which local government leaders plan for the future success of their communities. It involves evaluating local financial, demographic, and socio-economic trends to plan for financial circumstances. A strategic financial plan provides a multi-year road map and action strategy to for a municipality to set priorities and achieve its goals. A strategic financial plan is used to prioritize initiatives, resources, goals, and department operations and projects. The strategic plan is a big-picture document directing efforts and resources toward a clearly defined objective. A well designed strategic plan includes tangible and measurable results-oriented goals for implementation. This session will focus on the importance of strategic financial planning within the municipal arena.
All PA MATC sessions include online course assignments and interactive discussions, plus online presentations by qualified instructors.
Click below to view the professional profiles of the PA MATC instructors.
FINANCE COURSE SCHEDULE
The Finance course will offer four weekly sessions over the period of one month.