Recommended practices and guidance for municipal finance officials.
Log in links for this page
- This page, Municipal Finance Best Practices Training and Resources, is offered by
- Division of Local Services
Municipal Finance Best Practices Training and Resources
Table of Contents
Municipal Finance Best Practices
Webinar: Yarmouth Tax Rate Recap Process Webinar (Video)
In this webinar, the town of Yarmouth’s financial management team highlights how collaboration amongst staff has resulted in a streamlines tax rate recap process. The slides presented can be viewed here (pdf). In addition, you can reference DLS’ Budget and Tax Rate Planning Tool, which the team Yarmouth uses as part of their automated process.
Preparing the Budget Document (Video) This video describes the process for creating a municipal budget document, including the key components and suggested format.
Using Financial Indicators to Analyze Fiscal Health
View the videos below to learn how local financial and demographic data can be used to indicate the status of a municipality’s fiscal health. This analysis can be helpful during the budget preparation process to build a clearer picture of financial trends and how your community arrived at its present financial condition.
- Introduction: Financial Indicators
- Net Operating Revenue
- Revenues Related to Economic Growth
- State Aid as a Percentage of Operating Revenue
- Property Tax Revenue
- Uncollected Property Taxes as a Percentage of Tax Levy
- Operating Expenditures
- Personnel Costs
- Pension Liability
- Long-Term Debt
- Debt Service
- Population & Enrollment
Download the companion workbook, Financial Indicators Template (Excel), to analyze your own community's data.
General Governance Best Practices
Transitioning Government Positions From Elected to Appointed (Video) This video describes the transition process, and the benefits that can be gained, when changing a municipal office from elected to appointed.
|Date published:||July 30, 2020|
|Last updated:||March 18, 2021|