1 / 16

Diagnose Your Financial Health Washington City/County Management Association August 21, 2014

Discover the findings and recommendations from SAO's new report on local government financial health. Learn about the tools and resources being developed to help policymakers and officials make informed decisions. Provide your input!

clintonc
Download Presentation

Diagnose Your Financial Health Washington City/County Management Association August 21, 2014

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Diagnose Your Financial HealthWashington City/County Management AssociationAugust 21, 2014

  2. Session Objectives ReviewSAO’s new report findings regarding local government financial health. Discover what the SAO is developing to make your job easier as stewards of public resources Provide your input!

  3. SAO Financial Health Progress Report Projected state and local operating balance measure, as a percentage of GDP .

  4. SAO Financial Health Progress Report What we looked at: • Local governments with one or more indicators of declining financial condition • Findings and Management Letters • Audits issued between November 2012 and May 2014 • (Refresh of our November 2012 financial condition report)

  5. SAO Audit Indicators of Financial Health

  6. SAO Financial Health Progress Report The most commonly found indicators of declining financial condition .

  7. SAO Financial Health Progress Report Number of local governments with indicators of declining financial condition by county .

  8. SAO Financial Health Progress Report Incidence of indicators by local government type

  9. Financial Health Assessment Tool Responsive Design | Visualization | Easy-to-Use Trusted & Accurate | Data Clearinghouse Communication Between Entities & Agencies Educational | Financial & Non-Financial Data What • Local government financial health indicator library, data, & guidance • User defined dashboards with indicators & data that are most important to them • Benchmarking financial health against other entities selected by the user Who • All types of local government entities • Accounting basis – GAAP & Cash • All types of user roles – elected officials, finance officers, state agencies, etc. • Eventual public access Why • Enable local governments to assess their own financial health proactively • Provide actionable information to local government policymakers • Trend analysis and future forecasting

  10. Financial Health Assessment Tool v. 1.0

  11. Financial Health Assessment Tool v. 1.0

  12. Financial Health Assessment Tool v. 1.0

  13. Financial Health Assessment Tool for GAAP Draft Financial Health Assessment Ratios for governments using GAAP

  14. Web-Based Assessment Tool Prototype DEMO

  15. Tentative High-level Timeline

  16. Contacts • Sheri Sawyer • Assistant Director, • Local Government Performance Center • (360) 725-5552 • Sheri.Sawyer@sao.wa.gov • Daniel Masterson • Project Manager, • Local Government Performance Center • (360) 725-5637 • Daniel.Masterson@sao.wa.gov

More Related