MRSC Insight Blog
Posts for Mike Bailey
Traditional approaches to revenue forecasting will not be sufficient during the COVID-19 pandemic. This blog post explores where to find good data and get more accurate ways to predict future revenues.
In the final installment of this four-part series, this blog post compares cash-basis and GAAP-reporting options for filing the required annual financial report.
This blog article describes the annual financial reporting options available to local governments in Washington State.
This blog article looks at the role of an elected official as policymaker, one who brings value to the community by overseeing use of its financial resources.
This blog covers some key financial management takeaways from the 2019 Association of Washington Cities (AWC) Budgeting and Financial Management Workshop.
MRSC has partnered with the State Auditor’s Office (SAO) Center for Government Innovation to expand the Financial Policies Tool Kit we first launched two years ago. This blog post covers some of the highlights.
Developing sound policy goals as a preface to budget planning is one of the most important ways an elected official can make a real difference in their community.
This 2-part series will look at how all staff can contribute to the big-picture fiscal health of an agency, from establishing an agency-wide blueprint to finding the right tools to monitor fiscal progress or setbacks.
While it's impossible to predict the economic future, this blog post pulls together insights from a variety of sources to help you try to understand when and how to prepare for a slowing economy.
Can trust building be a part of a local government's budget process? In this post Finance Consultant Mike Bailey argues that trust is a critical component to creating a high-functioning team that can then make the best possible decisions in how to serve their constituents.
Washington local governments should see an increase in reported, remote sales taxes thanks to a recent landmark U.S. Supreme Court decision in South Dakota v. Wayfair. This post provides an overview of the case and its potential impact locally.
Budget discussions offer local governments the opportunity to identify concerns, priorities, and goals. It's also a great opportunity to get and provide updates on key issues, challenges, and accomplishments across the organization. Finance Advisor Mike Bailey offers suggestions on how to make your budget conversations work more efficiently.
In a recent AWC survey, public officials identified budget topics as their second most important area of interest (after economic development). This article explores the survey results more deeply and sees how they align ewith the efforts of organizations like MRSC and AWC to help you create your best budget.
If you want to have a great budget experience next fall (and who doesn't?), then it is never too early to think about how to lay the best foundation. Building a budget starts with a strong policy discussion and early policy guidance.
Redmond Finance Director Mike Bailey explains how Redmond shifted its budgeting process to better focus on citizen priorities.