Local governments often project further into the future than private companies do, they said, making accurate forecasts harder. One thing analysts do know is the importance of closely tracking costs so adjustments can be made along the way. You're tracking cash flows daily. We're going to have continual reporting procedures. And if a project becomes more expensive than expected, the company takes notice.
Good companies make tough choices.
And they make them before a change becomes a crisis. New Commissioner Ken Welch, a Florida Power Corp. accountant, said the county must become more accountable. He and Commissioner Barbara Sheen Todd have called for regular updates and tracking of the Penny funds. Welch said commissioners must be ready to change their plans and to say no to new projects. It's not an endless bucket of money.