Course Description: 
Understand the complexity of a municipality and the role of capital in the delivery of municipal services.  Learn basic structure and differences between a capital budget and capital plan, interaction between capital budgeting, long-term planning, and tangible capital assets and asset management.

Also covered: basics of funding, capital budget process and timeline, integrating input from internal and public communication, review of all funding sources (risks and opportunities), review of debt as a financing source (tax and non-tax supported), and capital business cases.

Learning Outcomes:

• Capital budget vs. capital plan.
• Learn essential principles and best practices for good capital budgeting and planning.
• Capital budget structure (asset category, dept, asset type, funding, etc.) – template provided!.
• Annual capital process and how to build a process timeline for success.
• “Capital equation” concept explained.
• Learn attributes of an effective and successful process (with examples).
• How to prioritize a capital plan and the criteria used to base decisions.
• How to build a funding plan with a strategic emphasis.
• Cash-flow financing; leveraging future funding sources.
• “Funding pool concept” – forecasting/calculate long-term funding sources.
• “Gap analysis concept” – how to calculate a funding gap in simple form as well as in detail (spreadsheet tool reviewed).

Who Should Attend?

A unique professional development experience that has benefit for all municipal staff, including small, medium and large municipalities!

All municipal financial officers will benefit from having a fundamental understanding and core knowledge of all financial processes.

Currently available ON DEMAND

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