Municipal Finance for New Officials
Are you a newly-elected or appointed municipal official? Start here.
Municipal Finance Concepts
Budgeting and Planning
Revenue and Municipal Funds
Guidance from DLS
Other Post-Employment Benefits (OPEB) Liability Trust Fund (IGR2019-10, PDF) This Informational Guideline Release (IGR) explains the municipal finance provisions of the Other Post-employment Benefits Liability Trust Fund (OPEB Fund) under G.L. c. 32B, § 20 and 20A, as amended by Sections 15 and 238 of the Municipal Modernization Act.
Guidelines: Municipal Finance Provisions of the Community Preservation Act (CPA) (IGR2019-14, PDF) This Informational Guideline Release (IGR) explains to local officials the procedures and requirements for establishing and administering a special fund that may be appropriated and spent for certain open space, recreational, historic resource and affordable housing purposes.
Guidelines: Appropriation Transfers (IGR2017-13, PDF) This Informational Guideline Release (IGR) informs local officials of changes made by the Municipal Modernization Act to the alternative end-of-year budget transfer procedure.
Stabilization Funds (IGR2017-20, PDF) These guidelines inform local officials about amendments made to G.L. c. 40, § 5B, which establishes city, town and district stabilization funds, by the Municipal Modernization Act.
Best Practices in Municipal Finance
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.
Tools and Templates
|Date published:||July 30, 2020|
|Last updated:||February 18, 2021|