Long Range Financial Planning: Albany, NY
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10/21/2019 to 10/22/2019
When: October 21-22, 2019
Where: ASBO New York Training Center
453 New Karner Rd.
Albany, New York  12205
United States
Contact: Rebecca Sheehan
518-434-2281 x104

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Long Range Financial Planning - Albany, New York 

This unique hands-on series will help school officials maximize the potential of long range financial planning to support a school district multi-year plan that strengthens the school district’s financial condition, provides information that supports sustainability, and manages change in the district. The long-range plan provides a framework to support collaboration between the school district’s financial and instructional leadership and helps the district manage factors such as the Tax Cap and Debt Service schedule.  


Agendas & Topics Covered


Data Needed to Participate

This is a preliminary list of data that will be needed to participate in this course. A final list will be presented at the orientation webinar and distributed prior to the start of the course.


Five (5) years of summarized historical financial data (actuals):

  • Revenues

  • Expenses

  • Reserves and Fund balance amounts

  • PILOT schedule 2018/19-2023/24

  • Debt service schedule 2018/19-2023/24      

  • Building Aid projection 2018/19-2023/24

  • Enrollment projection

  • List of major assumptions for salary and benefit increases

Orientation Webinar (Required)

October 15, 2019 
12:00 p.m. - 12:30 p.m. 
(Zoom Webinar)

Registrants must participate in the pre-session orientation webinar in order to be prepared for the course. A recording will be made available if a registrant cannot attend the live broadcast.


  • Introductions, background information, general discussion, and expected class outcomes

  • Why complete a LRFP?                    

  • What information is needed to complete a LRFP?

  • What software will you use to create the LRFP?

  • What to expect for the class series?

  • What “homework” will you have?


Class 1

ASBO New York Training Room

October 21, 2019

11:00 a.m. - 4:00 p.m.



  • Review timeline of Long Range Financial Planning

  • Analysis of historical data

  • Discussion of Fund Balance and Reserves

  • Mini-lesson on the Strategic Plan and Instructional Programming

  • Review budget forecasting models

  • Begin building a budget forecast:

    • Major Revenue Assumptions

    • Major Expenses Assumptions

Networking Reception: We invite the attendees to join ASBO New York for a networking Happy Hour after day 1 of class concludes! All members are welcome! More details to follow.

Class 2

ASBO New York Training Room

October 22, 2019

8:30 am - 12:30 pm



  • Mini-lesson on Capital Project Planning

  • Moving from the Forecast to the Budget

  • Develop a communication plan

  • Analyze reserves and case studies of budget challenges to prepare for future challenges

  • Reflection on the process


Michael Vespi ,Senior Analytics Advisor for the Northeast Region, Forecast5 Analytics, Inc.

Brady Regan, Senior Analytics Advisor, Forecast5 Analytics, Inc. 

Sessions will be interactive and participants will work towards developing a financial forecast for their particular school district. The goal is to help ensure that participants are able to transfer knowledge learned to their job setting. Participants must take all sessions.



$250 for members / $375 for non-members

All registrants will attend the pre-session webinar followed by two in-person classes, resulting in a long range financial plan for your district. You must watch the pre-session orientation webinar in order to prepare for the in-person classes. The orientation webinars will be recorded for viewing if you cannot make it to the live broadcast.




ASBO has set aside a room block for those needing overnight accommodations for this workshop. Please contact Rebecca@asbonewyork.org for this information




Eligible for credit to meet Continuing Professional Education (CPE) and Continuing Teacher and Leader Education (CTLE) requirements.