State and local government agencies follow unique processes to forecast and set budgets, shaped by constituents’ needs, elected officials’ preferences, and strategic priorities.
Despite these variables, the financial management cycle is consistent across agencies, consisting of five key steps that build on each other year over year. Effective agencies link these steps to enhance accuracy, efficiency, and visibility for both internal stakeholders and the communities they serve.
We’ve developed a whitepaper that outlines the steps of the financial management cycle and how agencies are improving efficiencies and outcomes throughout.