The Academy for New York State's Local Officials

Avoiding the Fiscal Cliff: A Lesson in Budgeting and Financial Condition Analysis

10:00 AM - 11:15 AM

When reviewing the annual budget or preparing next year’s budget, there are many commonly misunderstood terms or concepts that can lead to poorly structured budgets, or unmanaged financial condition. This session will identify those concepts commonly misunderstood by local government managers and governing boards, help explain how to properly implement these concepts and ways to prevent pitfalls in the budgeting process.