We wish you the joy of family, the gift of friends, and the best of everything this holiday season and in the coming new year. From all of us at Neubrain, we wish you the very best this holiday season!
We are excited to share The Governing Guide to Financial Literacy, Volume 2, a new resource for elected public officials, budget officers, government leaders and department heads.
This Guide provides relevant knowledge to public leaders to help them better determine their jurisdiction’s financial health. Inside you will find everything from an overview of accounting concepts to the steps you can take to improve your jurisdiction’s financial health.
We are so excited to announce our customer, Park City, Utah, has been recognized with a Certificate of Achievement from the ICMA Center for Performance Analytics™ for their performance management efforts!
“The certificate program recognizes the principles of performance management,” said Randall H. Reid, ICMA Director of Performance Initiatives. “Jurisdictions meeting the qualifications have demonstrated leadership in continuous improvement and community engagement, and they serve as examples for other governments to follow.”
Performance-based budgeting or budgeting for outcomes (BFO) has taken center stage and not in the best light. Earlier this summer, the Department of Veterans Affairs (VA) introduced the world to BFO — the idea of linking spending to performance — and showed how unrealistic goals, inadequately managed performance measurement systems and improperly used, inaccurate data can have unforeseen, irreparable consequences.
What the public didn’t see, however, is how a properly run budgeting for outcomes system, such as the one currently running in Park City, Utah, can greatly improve how an organization’s budget is prepared, managed and executed, saving time, money and increasing overall efficiency.
In this post, we will clear the air and reveal the top five 'do's and 'don’t's of a properly run budgeting for outcomes system.
neu·brain·er |n(y)o͞o brān ər|