Division staff can explain the different types of financing mechanisms and help determine which is the best for your situation. When a local government needs increased revenue, Division staff can assist by identifying possible new revenue sources and by developing revenue projections. Awareness of how much individual services cost can lead to an examination of ways to make those services more cost-efficient or pay for themselves. The Division encourages local governments to have policies on all important operations. Adopting appropriate policies will allow staff to work more efficiently and will be reflective of the governing body's consensus on goals and objectives.
Appropriate policies can effect the local government's mission.
Assistance is available for establishing policies for debt, investments, purchasing, and expenditure approval. Choosing a bank that provides the services you need at the right price is a crucial part of financial management. The Division can assist you in preparing a historical revenue and expenditures trend analysis to give you a picture of your financial condition. The construction of cash flow projections to aid in capital planning and debt planning can be invaluable in complying with new legal restrictions such as Article X, Section 20 of the Constitution.