1 FINANCIAL FORECASTING FOR REVENUE CERTIFICATION Erin De La Rosa Bexar County Auditor s Office
2 INTRODUCTION Revenue forecasting is a fundamental part of the yearly County budget process. Primary goal is to estimate future revenue sources. Departments, projects, and programs need to funded. Aids policy makers in assessing current and future tax rates. Local Government Code, Chapter 111, provides guidance on County budgets and indicates who is responsible for forecasting and certifying revenue. NACSLB s list of 10 recommended budget practices. 7 step process for annual revenue forecasting. Qualitative and quantitative forecasting techniques.
3 FINANCIAL FORECASTING AND REVENUE CERTIFICATION Local Government Code, Chapter 111. County Budget Subchapter A Budget Preparation in Counties with populations of 225,000 or less. Subchapter B Budget Preparation in Counties with population of more than 225,000. Subchapter C Alternate method of budget preparation in Counties with populations of more than 125,000.
4 FINANCIAL FORECASTING AND REVENUE CERTIFICATION Subchapter A. Budget Preparation in Counties with Populations of 225,000 or less In preparing the budget, the county judge shall estimate the revenue to be derived from taxes to be levied and collected in the succeeding fiscal year and shall include that revenue in the estimate of funds available to cover the proposed budget (Sec (c)). County Auditor only certifies revenue from the following: All public or private grant or aid money (Sec ). Revenue from intergovernmental contracts (Sec ). Revenue from a new source if not anticipated in the budget for the fiscal year (Sec ). If these sources of revenue were not included in the budget for the fiscal year. These can also be certified by the county judge if the county has no county auditor.
5 FINANCIAL FORECASTING AND REVENUE CERTIFICATION Subchapter B. Budget Preparation in Counties with Populations of More Than 225,000. The county auditor serves as a budget officer for the commissioners court of the county (Sec ). County auditor estimates revenue from the preceding and ensuing fiscal years (Sec (b)(4)(5)). County Auditor certifies revenue from the following: All public or private grant or aid money (Sec ). Revenue from intergovernmental contracts (Sec ). Revenue from a new source if not anticipated in the budget for the fiscal year (Sec ). If these sources of revenue were not included in the budget for the fiscal year.
6 FINANCIAL FORECASTING AND REVENUE CERTIFICATION Subchapter C. Alternate Method of Budget Preparation in Counties with Population of more than 125,000. Budget officer is appointed to prepare the county budget County auditor provides budget officer, any information necessary to prepare a complete financial statement for inclusion in the budget County auditor provides revenue estimates for preceding and ensuing fiscal year (Sec b.4.5).
7 FINANCIAL FORECASTING AND REVENUE CERTIFICATION The GFOA has put our a series of monographs to assist governments in the development of budgets. The second volume in this series is entitled, Revenue Analysis and Forecasting. This publication discusses the (National Advisory Council on State and Local Budgeting) NACSLB s list that outlines 10 recommended budget practices that should be utilized during the forecasting process.
8 NACSLB 10 RECOMMENDED BUDGET PRACTICES TO UTILIZE DURING THE FORECASTING PROCESS 1. Recommended Practice (RP) 4.2 Develop policy on fees and charges. 2. Recommended Practice (RP) 4.4 Develop a policy on use of one-time revenues. 3. Recommended Practice (RP) 4.4a Evaluate the use of unpredictable revenue. 4. Recommended Practice (RP) 4.6 Develop policy on revenue diversification. 5. Recommended Practice (RP) 9.2 Prepare revenue projections. 6. Recommended Practice (RP) 9.2a Analyze major revenues.
9 NACSLB 10 RECOMMENDED BUDGET PRACTICES TO UTILIZE DURING THE FORECASTING PROCESS 7. Recommended Practice (RP) 9.2b Evaluate the effect of changes to revenue source rates and bases. There are many resources that can aid counties in finding changes to statutorily mandated revenue sources that will be changing. a) Texas Legislature Online. a) Bill Lookup b) Track Legislation c) Receive bill and meeting alerts d) Subscribe to RSS Feeds
11 NACSLB 10 RECOMMENDED BUDGET PRACTICES TO UTILIZE DURING THE FORECASTING PROCESS 7. Recommended Practice (RP) 9.2b Evaluate the effect of changes to revenue source rates and bases (continued). b) Texas Association of Counties, i. Legislative Analysis Report, brief analysis on county related bills listed by subject matter, ii. gisanalysisreport.pdf State budget updates for general appropriations that affect counties. Spreadsheet prepared by, Paul Emerson, TAC State Financial Analyst.
13 NACSLB 10 RECOMMENDED BUDGET PRACTICES TO UTILIZE DURING THE FORECASTING PROCESS 8. Recommended Practice (RP) 9.2c Analyze tax and fee exemptions. 9. Recommended Practice (RP) 9.2d Achieve consensus on a revenue forecast. 10. Recommended Practice (RP) 9.3 Document revenue sources in a revenue manual.
14 7 STEP PROCESS FOR ANNUAL REVENUE FORECASTING 1. Establish a base year. 2. Assess revenue growth trends. 3. Specify forecasting assumptions. 4. Select a forecasting model. 1. Qualitative methods 2. Quantitative methods 5. Validate the forecast. 6. Monitor actual revenue against forecast and explain variances. 7. Update the forecast based on changes.
15 QUALITATIVE FORECASTING METHODS Qualitative forecasting methods Do not rely on complex mathematical models or statistical data. Intuitive and subjective in nature. Rely on human judgment, expert knowledge, and consensus. Qualitative forecasting methods: Naïve Consensus Expert Delphi
16 NAÏVE FORECASTING Example of naïve formula Fiscal Year Total Revenue Naïve Forecasting Change in Revenue Formula Forecast 2010 $ 1,125, $ - TR + CR $ 1,125, $ 1,125, $ - TR + CR $ 1,125, $ 1,125, $ - TR + CR $ 1,125, $ 1,125, $ 135, TR + CR $ 1,260, Advantages and Disadvantages Advantages No complex mathematical or statistical calculations. No extensive historical data required. Disadvantages Base year used may be outlier. Unable to identify trends.
17 CONSENSUS FORECASTING Advantages No complex mathematical or statistical calculations. No large amounts of historical data needed. Can be used on any type of revenue source. Utilization of the entire group s knowledge and expertise. Disadvantages Limited to the group s knowledge and subjectivity. Group think may occur.
18 CONSENSUS FORECASTING Exercises for group consensus: Investigate growth trends and averages within the data. Research recent articles on the economy. Share ideas for calculating the projected forecast.
19 QUANTITATIVE FORECASTING METHODS Rely heavily on mathematical models and extensive historical data These models are objective in nature. Quantitative forecasting methods: Simple mean (average) Weighted moving average Exponential smoothing Trend analysis
21 QUANTITATIVE FORECASTING METHODS First calculate the annualized revenue to be received in the current fiscal year. Second calculate the projected forecast for the next fiscal year. Calculate this amount by using different quantitative formulas. Compare your results to past fiscal years, current year annualized revenue, and last fiscal year s projected amount to identify trends. Choose the most reliable result.
22 FORECASTING EXAMPLE Annualized as of May 31, Budget Draft Example Actual Actual 2013 Projection Naïve 3PMA 3PWMA EXPONential Forecasting Forecast Marriage Licenses Formal 200, , , , , , , , , ,333
23 Uses an average of all past data as a forecast. SIMPLE MEAN (AVERAGE)
24 WEIGHTED MOVING AVERAGE Uses an average of a specified number of the most recent observations, with each observation receiving a different emphasis (weight). Weights Actual Collection Annualized Forecast Fiscal Year Master Fee/Court Fees $ 134,999 $ 125,841 $ 139,807 $ 134,000 Formula 98,107*.2 108,437*.3 115,032*.5 B8+C8+D8 $ 134,656
25 EXPONENTIAL SMOOTHING This type of formula helps smooth fluctuations in the trends. Fiscal Year 2013 Annualized 2013 Budget Stormwater Collection Fee $ 42,756 $ 42,000 Formula 42,000 + (42,756-42,000)*.3 Possible Fiscal Year 2014 Projected Amount $ 42,227
26 EXCEL FORMULA - FORECASTING Forecasting formula that calculates a future value along a linear trend by using existing values. X year to forecast. Known y s past revenues to compare. Known x s fiscal years of past revenues that are being compared. Known x's Actual Actual Annualized Marriage License Formal 369, , , Known y's
27 ANNUALIZED CURRENT YEAR REVENUE Simple annualized formula Divide the revenue collected up until the period you are using to formulate the forecast, by that period. Then multiply that divisor by 12 periods. Revenue Period 8 as of May 31, 2013 Alarm System Renewal 128,275 Formula for Annualized Revenue for Fiscal Year (128,275/8)*12
28 ANNUALIZED CURRENT YEAR REVENUE Revenue collected quarterly. Divide the revenue collected up until that quarter, by the number of quarters collected. Then multiply that divisor by 4 quarters. Revenue Collected 3 quarters as of May 31, 2013 Bingo - Jackpot 840,450 Formula for Annualized Revenue (840,450/3)*4
29 ANNUALIZED CURRENT YEAR REVENUE Average of collection rate from past fiscal years. To calculate the annualized amount for the current fiscal year, calculate the average collection percentage for the past 4 fiscal years and divide it by the total collected for that period in the current fiscal. April May June July ,224, ,684, ,526, ,461, ,146, ,932, ,615, ,365, ,290, ,936, ,512, ,333, ,808, ,635, ,504, ,185, April May June July at June ,103,089 revenue June ,627,312 annualized June 2013
30 CONCLUSION Revenue forecasting is a fundamental part of the yearly county budget process. It is nearly impossible to precisely predict revenues, but it is critical for counties to make a high-quality forecast. There are many sources available to counties: Local Government Code Texas Legislature Online Texas Association of Counties Publications by the GFOA YouTube and other internet sources A combination of different forecasting techniques can be used to formulate a reliable revenue forecast.
31 SOURCES Blom B. and Guajardo S., Revenue Analysis and Forecasting: putting recommended budget practices into action, GFOA budgeting series volume Texas Legislature Online. Texas Association of Counties. LegisAnalysisReport.pdf YouTube. as
Slide 1 Revenue Forecasting in Local Government: Hitting the Bulls Eye Key objectives for this session. 1. Understand the importance and difficulties of revenue estimation 2. Learn six best practices for
Real Estate Tax Assumptions NEW PHILADELPHIA CITY SCHOOLS FIVE-YEAR FORECAST 2013-2017 REVENUE ASSUMPTIONS Real estate taxes had increased at approximately 1.1% to 2.0% through 2012 and a 1.5% increase
Financial Forecasting: Tools and Applications Chapter 1: Forecasting and Managerial Planning 1. Recognize how a forecast relates to managerial planning 2. Recognize the components of a forecasts and what
THE STATE OF TEXAS LANDOWNER S BILL OF RIGHTS PREPARED BY THE OFFICE OF THE ATTORNEY GENERAL OF TEXAS STATE OF TEXAS LANDOWNER S BILL OF RIGHTS This Landowner s Bill of Rights applies to any attempt by
LEGISLATIVE SERVICES AGENCY OFFICE OF FISCAL AND MANAGEMENT ANALYSIS 301 State House (317) 232-9855 FISCAL IMPACT STATEMENT LS 7482 DATE PREPARED: Mar 30, 2001 BILL NUMBER: SB 199 BILL AMENDED: Mar 29,
INFORMATION BRIEF Research Department Minnesota House of Representatives 600 State Office Building St. Paul, MN 55155 Danyell Punelli, Legislative Analyst, 651-296-5058* Updated: December 2010 Community,
TO: Aging and Disability Services Council Members DATE: September 17, 2015 FROM: Jon Weizenbaum Commissioner SUBJECT: Agenda Item No.:6a BACKGROUND: Federal requirement Legislative requirement Other The
By:AAEiland H.B.ANo.A A BILL TO BE ENTITLED 0 0 AN ACT relating to funding for emergency medical air transportation provided to patients enrolled in the state Medicaid program; imposing a surcharge. BE
Real Estate Tax Assumptions NEW PHILADELPHIA CITY SCHOOLS FIVE-YEAR FORECAST 2015-2019 REVENUE ASSUMPTIONS Real estate taxes had increased at approximately 1.1% to 2.0% through 2013 and a 0.5% increase
Demand forecasting & Aggregate planning in a Supply chain Session Speaker Prof.P.S.Satish 1 Introduction PEMP-EMM2506 Forecasting provides an estimate of future demand Factors that influence demand and
Solutions Forecasting Technology The State of the Market By Elizabeth Fu Governments can choose from a number of software packages to use in forecasting, and choosing the right one for any given jurisdiction
SUMMARY Revises provisions governing private investigators. (BDR 54-758) FISCAL NOTE: Effect on Local Government: No. Effect on the State: No. AN ACT relating to private investigations; exempting information
PROPERTY ASSESSED CLEAN ENERGY PROGRAMS www.bmolaw.com What is PACE? PACE stands for Property Assessed Clean Energy. PACE is designed to provide commercial and residential property owners a means to finance
Chapter 4 Forecasting Production Planning MRP Purchasing Sales Forecast Aggregate Planning Master Production Schedule Production Scheduling Production What is forecasting? Types of forecasts 7 steps of
under the Federal Credit Reform Act Amendments to Technical Release 3: Preparing and Auditing Direct Loan and Loan Guarantee Subsidies under the Federal Credit Reform Act Federal Financial Accounting and
-24-6. Legal Planning for Incapacity: The Durable Power of Attorney We are all living longer, thanks to improved medical knowledge and technology. But with increasing longevity comes an increasing threat
s Prepared by JOHN S. LOUCKS St. Edward s University 2002 South-Western/Thomson Learning 1 Chapter 18 Forecasting Time Series and Time Series Methods Components of a Time Series Smoothing Methods Trend
=Utah State Tax Commission Revised 11/01/2014 Before Jan. Jan. Taxing Entities Utah Property Tax Calendar January County, city and town legislative bodies and all taxing entities are to inform of boundary
Forecasting Tourism Demand: Methods and Strategies By D. C. Frechtling Oxford, UK: Butterworth Heinemann 2001 Table of Contents List of Tables List of Figures Preface Acknowledgments i 1 Introduction 1
Netflix: A Forecasting Case using Voluntary Disclosures 1 Background: Netflix, Inc. was founded in 1997 and is headquartered in Los Gatos, California. Netflix, Inc. provides subscription based Internet
AN ACT concerning education. Be it enacted by the People of the State of Illinois, represented in the General Assembly: Section 5. The School Code is amended by changing Section 17-17 and by adding Sections
New York State Office of the State Comptroller Thomas P. DiNapoli Division of State Government Accountability Collection and Use of the Motor Vehicle Law Enforcement Fee Department of Financial Services
Information Security Risk Management Based on ISO/IEC 17799 Houman Sadeghi Kaji Spread Spectrum Communication System PhD., Cisco Certified Network Professional Security Specialist BS7799 LA email@example.com
Page 1 of 8 pages SUBCHAPTER EE. High Deductible Health Plans 28 TAC 21.3901-21.3905 1. INTRODUCTION. The Texas Department of Insurance proposes new 21.3901-21.3905 concerning high deductible health plans
under the Federal Credit Reform Act Amendments to Technical Release 3: Preparing and Auditing Direct Loan and Loan Guarantee Subsidies under the Federal Credit Reform Act Federal Financial Accounting and
Retirement Benefits for Elected State Officials As administered by the Employees Retirement System of Texas September 2016 This booklet provides information regarding retirement benefits available to you
Part 3 : Acquisition & Production Support. Ch.3 Demand Forecasting. Edited by Dr. Seung Hyun Lee (Ph.D., CPL) IEMS Research Center, E-mail : firstname.lastname@example.org Demand Forecasting. Definition. An estimate
PRODUCTION PLANNING AND CONTROL CHAPTER 2: FORECASTING Forecasting the first step in planning. Estimating the future demand for products and services and the necessary resources to produce these outputs
Part I. Texas Department of Insurance Page 1 of 23 CHAPTER 3. LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES Subchapter QQ, Provider Network Contract Registration 28 TAC 3.9801 3.9805 1. INTRODUCTION.
K a n s a s L e g i s l a t i v e R e s e a r c h D e p a r t m e n t Q-1 Kansas Public Employees Retirement System Retirement Plans and History Retirement Kansas Legislator Briefing Book 2015 Q-1 Kansas
TEXAS ETHICS COMMISSION CHAPTER 159, LOCAL GOVERNMENT CODE FINANCIAL DISCLOSURE BY COUNTY OFFICERS AND EMPLOYEES Effective September 1, 2013 (Revised 09/01/2015) Texas Ethics Commission, P.O. Box 12070,
The TxDMV s Role in Transportation Funding Testimony before the House Select Committee on Transportation Funding, Expenditures & Finance Jeremiah Kuntz Director, Government & Strategic Communications Texas
CONTACT LEGISLATIVE AFFAIRS DEPARTMENT MARIA CILENTI 212.382.6655 email@example.com ELIZABETH KOCIENDA 212.382.4788 firstname.lastname@example.org REPORT ON LEGISLATION BY THE TRUSTS, ESTATES AND SURROGATE S COURTS
Special Project Revenue Forecasting Process As of 4/30/15 Ron Maxwell, CIA, CFE Chief Internal Auditor Cathy Criswell, CPA, CIA City Auditor AUDIT TEAM: Cathy Criswell, CPA, CIA Mary Ann Vassar, CPA, CRMA
CHAPTER 13 FINANCE General Financial Matters National Revenue Fund 213. (1) There is a National Revenue Fund into which all money received by the national government must be paid, except money reasonably
THE SALES FORECASTING TECHNIQUES MARTINOVIC Jelena, (SCG) - DAMNJANOVIC Vesna, (SCG) ABSTRACT Many sales managers do not recognize that sales forecasting is their responsibility. In this paper we summarized
Collaborative Forecasting By Harpal Singh What is Collaborative Forecasting? Collaborative forecasting is the process for collecting and reconciling the information from diverse sources inside and outside
Exhibit 11 WICKLIFFE BOARD OF EDUCATION 5-Year Financial Plan (SM-7) Assumptions: Fiscal Year 15 January 12, 2015 The Ohio General Assembly enacted House Bill 412 requiring public school systems annually
Criminal Justice Information System (CJIS): Past, Present and Future June 5, 2008 OVERVIEW The Criminal Justice Information System (CJIS), implemented in 2006 to modernize criminal case management in Palm
Time series forecasting 1 The latest version of this document and related examples are found in http://myy.haaga-helia.fi/~taaak/q Time series forecasting The objective of time series methods is to discover
CERTIFICATION OF ENROLLMENT SECOND ENGROSSED SENATE BILL 5773 Chapter 8, Laws of 2011 62nd Legislature 2011 1st Special Session HEALTH SAVINGS ACCOUNT--HIGH DEDUCTIBLE HEALTH PLANS--DIRECT PRACTICES--PUBLIC
COMMONWEALTH COURT COLLECTIONS REVIEW APRIL 2013 Review Summary Over the past five years the Commonwealth of Virginia has failed to collect a significant portion of Circuit and District Court fines and
STATE OF CALIFORNIA OFFICE OF THE CONTROLLER MINIMUM AUDIT REQUIREMENTS AND REPORTING GUIDELINES FOR PUBLIC RETIREMENT SYSTEMS INTRODUCTION The following audit requirements are not intended to be a comprehensive
659 LA WS OF THE SEVENTIETH G.A., 1984 SESSION CH.1312 allocated to the state department of health under this subsection shall be transferred August 11984 to the university of Iowa hospitals and clinics
Department of Finance & Management Strategic Plan V.3.3 Planning Period: 2012 2015 Table of Contents Message from the Commissioner... 3 Department Overview... 4 Department Strategic Planning Process...
2013 Truth-In- Taxation A Guide for Setting School District Tax Rates Susan Combs Texas Comptroller of Public Accounts Texas Property Tax Table of Contents Introduction.... 1 Chapter 1: Truth-in-Taxation
New York State Office of the State Comptroller Thomas P. DiNapoli Division of State Government Accountability Assessment and Collection of Selected Fees and Penalties Department of Labor Report 2010-S-70
Part I. Texas Department of Insurance Page 1 of 12 SUBCHAPTER A. AUTOMOBILE INSURANCE DIVISION 3. MISCELLANEOUS INTERPRETATIONS 28 TAC 5.208 INTRODUCTION. The Texas Department of Insurance proposes new
K a n s a s L e g i s l a t i v e R e s e a r c h D e p a r t m e n t Kansas Legislator Briefing Book 2016 L-1 Creation of Operator Registration Act and Changes in Adult Care Home Licensure Act L-2 Health
Court of Claims House Transportation and Justice Subcommittee Jamie L. Doskocil, Senior Budget Analyst Legislative Service Commission March 29, 2007 Additional copies are available on our web site at www.lsc.state.oh.us
OVERVIEW OF RESEARCH ACTIVITIES AT EDUCATION RESEARCH CENTERS The K 12 educational system prepares young adults for the workplace and higher education. Understanding how effective these systems are requires
Department: Veterans FY 2014 Proposed Budget Department Mission: To give aid and assistance to any veteran, the spouse or dependents of the veteran or the survivors of the veteran in applying for all benefits
SECTION TWO: MAJOR REVENUE SOURCES 57 Major Revenue Sources This section on major revenue sources was developed as a reference for the primary revenues collected. Tracking, forecasting, and reporting revenue
K a n s a s L e g i s l a t i v e R e s e a r c h D e p a r t m e n t Kansas Legislator Briefing Book 2015 L-1 Health Care Stabilization Fund and Kansas Medical Malpractice Law L-2 The Health Care Compact
SENATE BILL 18 82 nd LEGISLATURE (2011) IMPACT OF S.B. 18 ON LPA REAL PROPERTY NEGOTIATIONS AND EMINENT DOMAIN PRACTICES Randy Ward Texas Department of Transportation Right of Way Division OVERALL EFFECT:
The Honorable Ted Butler Criminal District Attorney Bexar County Courthouse San Antonio, Texas 78205 Opinion No. H-910 Re: County payments of court-ordered fees to appointed defense attorneys. Dear Mr.
20 Forecasting How much will the economy grow over the next year? Where is the stock market headed? What about interest rates? How will consumer tastes be changing? What will be the hot new products? Forecasters
MEMORANDUM DATE: 11/07/2011 TO: Members of the House Appropriation Subcommittee for LARA FROM: Paul Holland, Fiscal Analyst RE: State Health Insurance Exchanges In response to the requirements pertaining
Table of Contents Industry Environment and Concepts for Forecasting 1 Forecasting Methods Overview...2 Multilevel Forecasting...3 Demand Forecasting...4 Integrating Information...5 Simplifying the Forecast...6
Special Purpose Financial Statements Clerk of the Circuit Court Madison County, Florida Year Ended September 30, 2010 with Independent Auditors' Report Clerk of the Circuit Court Madison County, Florida
Part I. Texas Department of Insurance Page 1 of 23 SUBCHAPTER E. TEXAS WINDSTORM INSURANCE ASSOCIATION DIVISION 5. DEPOPULATION PROGRAMS 28 TAC 5.4301 5.4309 1. INTRODUCTION. The Texas Department of Insurance
Improving the Effectiveness of Multi-Year Fiscal Planning By Holly Sun Long-term forecasting and fiscal planning has long been advocated by the Government Finance Officers Association and other organizations
Bond I Topics for the State of Texas Debt Issuing Community ue October 1997 SAO No. 98-304 Revised March 2004 Texas bond issuance community has seen significant changes recently, including increased Securities
NORTH CAROLINA GENERAL ASSEMBLY LEGISLATIVE FISCAL NOTE BILL NUMBER: SHORT TITLE: SPONSOR(S): House Bill 1429 (House Finance Committee Substitute, as amended) Financial Responsibility Act Representatives
City of Moreno Valley Date Adopted: April 6, 2007 CLASS SPECIFICATION Financial Operations Division Manager GENERAL PURPOSE Under general direction, manages the Finance and Accounting division of the Finance
Chapter 32 Utah Interlocal Financing Authority Act 11-32-1 Short title. (1) This chapter shall be known as the "Utah Interlocal Financing Authority Act." (2) All bonds issued pursuant to authority of this
2006-2007 SCHOOL AUTHORITIES FUNDING MANUAL FOR SCHOOL AUTHORITIES RENEWED FRAMEWORK FOR FUNDING SCHOOL JURISDICTIONS PRINCIPLES AND PILLARS OF THE RENEWED FUNDING FRAMEWORK Public education is a commitment
Property Tax Levies Prepared for the 2013 Annual Local Government Officials Conference April 4, 2013 Tax Equalization Division Ohio Department of Taxation Agenda I: Types of Property Tax II: Inside Millage
TACA TAX ASSESSOR-COLLECTORS ASSOCIATION OF TEXAS VOTER REGISTRATION/ CHAPTER 19 FUNDS NOVEMBER 2013 ACKNOWLEDGEMENTS The material in the first edition of this course was the product of a joint committee
1 Part 1 Financial Planning Essay 2 Training for Finance Managers Essay 3 Financial Planning Summary This essay will examine ways that financial planning can be developed and implemented in local governments.
Part 2A of Form ADV: F I R M B R O C H U R E Dated: 03/24/2015 Contact Information: Bob Pfeifer, Chief Compliance Officer Post Office Box 2509 San Antonio, TX 78299 2509 Phone Number: (210) 220 5070 Fax
NONPUBLIC SCHOOL TRANSPORTATION PROCEDURES New Jersey Department of Education Office of Student Transportation November 2013 T:\DOCUMENT ORIGINALS\Nonpublic\Nonpublic School Procedures and Forms\ 1 GENERAL
CITY OF CHESAPEAKE ORGANIZATION The City of Chesapeake derives its governing authority from a Charter granted by the General Assembly of the Commonwealth of Virginia. The City is organized under a Council-Manager
80.20.10 80.20 Generally Accepted Accounting Principles 80.20.10 July 1, 2001 This state adopts Generally Accepted Accounting Principles (GAAP) Generally accepted accounting principles (GAAP) are uniform
Legislative Fund Revenue Changes to the Executive Budget by Revenue Type Estimated beginning balance Forecast Revision $6,129,441 HB1021 1,204,688 This bill recognizes additional 2005-07 biennium revenues
2009 SCHOOL FINANCE LEGISLATION Funding and Distribution RESEARCH REPORT #8-09 Legislative Revenue Office State Capitol Building 900 Court Street NE, #143 Salem, Oregon 97301 (503) 986-1266 http://www.leg.state.or.us/comm/lro/home.htm
Transportation Funds Forecast The purpose of this document is to serve as the official guide to the Minnesota Department of Transportation (MnDOT) forecast for the six transportation funds: Highway User
FILED FOR RECORD 8/11/2015 9:00 AM Dana Debeauvoir - County Clerk, Travis County,TX Item 11 Travis County Commissioners Court Voting Session Agenda Request Meeting Date: August 11, 2015 Agenda Language:
(Draft No.. H.) Page of //0 - BNH - 0: PM 0 TO THE HONORABLE SENATE: The Committee on Finance to which was referred House Bill No. entitled An act relating to Executive Branch and Judiciary fees respectfully
Table of Contents A FRAMEWORK FOR IMPROVED STATE AND LOCAL GOVERNMENT BUDGETING AND RECOMMENDED BUDGET PRACTICES...3 PREFACE...3 DEFINING AN IMPROVED BUDGET PROCESS...3 A DEFINITION OF THE BUDGET PROCESS...4
3.6 Compare and contrast different parametric and non-parametric approaches for estimating conditional volatility. 3.7 Calculate conditional volatility using parametric and non-parametric approaches. Parametric
1 Distinguished Budget Presentation Awards Program Government Finance Officers Association Awards Criteria (and explanations of the Criteria) #C1. Mandatory: The document shall include a table of contents
New York State Office of the State Comptroller Thomas P. DiNapoli Division of State Government Accountability Oversight of Private Career Schools State Education Department Report 2011-S-51 August 2013
K a n s a s L e g i s l a t i v e R e s e a r c h D e p a r t m e n t Kansas Legislator Briefing Book 2016 O-1 Kansas Public Employees Retirement System Retirement Plans and History Retirement O-1 Kansas
Your consent to our cookies if you continue to use this website.