ASBO New York Partner Frontline (Forecast5) Presents Monthly Data & Analytics Tip

With the changing of the seasons, you may be changing your focus to thinking about the long-range financial plans for your district. Engaging in long range financial planning ensures the mission and goals of the district are kept in mind and on track. In addition, having a clear financial plan to show your community members helps to ensure transparency and fiscal responsibility.

In Financial Planning Analytics, we have a Long-Range Financial Plan Summary dashboard that highlights key sources of revenue for the district along with anticipated expenditures and its impact on the fund balance for a 5 year period. The dashboard has a professional appearance and can be easily added to board documents, websites and other reporting streams. Simply enter your assumptions in our system and the dashboard automatically updates, making it a real time-saver. Having a long-range plan for the district can help answer questions like:

• Where does our money come from?
• How is it spent?
• Can the district afford to continue current operations?
• Should the district consider new options?

Frontline (Forecast5) Resource: Financial Planning Analytics (5Cast)