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Posts for Financial Management

Financial Protections for Small Jurisdictions: What Local Government Leaders Need to Know About Fraud

February 3, 2025  by  Cheryl Grant
Category:  Accounting ,  Financial Management

Fraud is damaging for any public agency but especially for small jurisdictions that already lack crucial resources. What safeguards can local leaders put in place to protect their agencies against fraud, and by extension, provide clear guidelines for agency staff?

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Key Takeaways from the AWC Budget and Finance Management Workshop

September 4, 2019  by  Mike Bailey
Category:  Budgets and Budgeting ,  Financial Management

This blog covers some key financial management takeaways from the 2019 Association of Washington Cities (AWC) Budgeting and Financial Management Workshop.

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Financial Policies: Travel, Expense Reimbursement, Credit Cards, and More

July 8, 2019  by  Mike Bailey
Category:  Accounting ,  Financial Management

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.

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Financial Management: The “Big Picture,” Part 2

March 20, 2019  by  Mike Bailey
Category:  Financial Management

In Part 2 of this 2-part series, Finance Consultant Mike Bailey looks at tools that can help a local government monitor its fiscal progress or setbacks.

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Financial Management: The “Big Picture,” Part 1

March 18, 2019  by  Mike Bailey
Category:  Financial Management

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.

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Reading the Economic Tea Leaves: When and How to Prepare for an Eventual Downturn

January 18, 2019  by  Mike Bailey
Category:  Financial Management

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.

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Fiscal Feast or Famine: A Survival Guide

June 27, 2017  by  Stan Finkelstein
Category:  Guest Author ,  Budgets and Budgeting ,  Financial Management

What can local governments do to avoid the fiscal cliff? Advisor Stan Finkelstein argues that the best defense is to develop a multiyear forecast of anticipated resources and expenditures.

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Which Financial Policies Work Best? 'It Depends.'

April 26, 2017  by  Mike Bailey
Category:  Financial Management ,  Fund Balance and Reserves

What is the right level of fund balance for local government? For many reasons, "It depends" is the best place to start when answering that question. 

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Financial Management of Municipal Court Services

August 17, 2016  by  Tracey Dunlap
Category:  Guest Author ,  Financial Management

This Advisor column addresses how municipalities can work together with the judicial system to provide effective financial management of the municipal courts.

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Does Your City have Too Many Funds?

April 14, 2016  by  Randy Hinchliffe
Category:  Guest Author ,  Budgets and Budgeting ,  Financial Management ,  Fund Balance and Reserves

Not too long ago, I read a short tidbit in one of the local newspapers about the adoption of a nearby city’s budget. I was struck by the fact that the city had 28 different funds in its budget. With so many funds to account for, it got me thinking about the criteria for establishing funds and when a city might have too many funds.

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