GFOA

This report suggests local governments are often overly cautious about what counts as “material,” adding unnecessary cost and complexity to financial reporting. By shifting the focus to decision-useful accuracy rather than exhaustive precision, the profession can streamline reporting, save staff time, and maintain public trust.

First principles are the basis for any field, including public finance. They express a fundamental truth about public finance. They remain consistent despite technology and organizational characteristics of public finance that change over time. Understanding first principles is a necessary complement to knowing best practices. First principles provide the foundation for deviating from best practic...

Life needs rhythm. The human body has a heart rhythm, circadian sleep-wake rhythm, breathing rhythm, and more. Being in rhythm is key to a long and healthy life. Local government budget offices also need to establish a rhythm for the internal budget process. A lack of rhythm can lead to two big problems. Listen to this new research to learn how the City of Brighton, Colorado, created a rhythm for...

Our new research delves into the tactics or “games" used by participants in the budget process to secure more resources. The most common such game is "The Padding Play", where budget requestors inflate their needs. Listen to learn more on how to contain and even defeat these tactics.

Organizations benefit from decision architecture. Budget officers can be the decision architects of local governments by building on four job responsibilities that allow them to reduce the impact of well-known problems of bias and noise in human decision processes. Listen to learn more.

“Power politics” is the use of power for selfish gain at the expense of broader community. This is incompatible with the purpose of local government budgeting. However, the finance officer can “change the game” and redirect the energy of power politics to more constructive ends. Listen to this research to learn how.

Reality is complex; mental models simplify it. A mental model is a tool that helps us make sense of the world and manage complexity and large amounts of information. For example, in public finance, thinking of reserves or rainy-day funds as a government’s savings account is a mental model. This approach simplifies the complex idea of fund balances by comparing it to something familiar from everyda...

The City of Arlington, Texas, created videos to make public finance easy to understand. They used themes like “Build, Unite, Create,” comparing budgeting to a Lego set, and “Budget Bites,” which was styled like a cooking show. Arlington’s approach serves as a model for other cities looking to improve their budget communications.

Many budget officers have had an experience like the following during budget deliberations with the governing board: The governing board spends what seems like (or may be) hours discussing the line item for office supplies (“Can we reduce it by sending more emails and using printers less?”) and then afterward passes a multimillion-dollar capital project budget with little discussion. This phenomen...

This podcast features a conversation with Francisco Ordaz. For Francisco, his challenges were an opportunity to find the beauty out of life and the silver lining of compassion found in simple acts of kindness. You will hear an immigrant’s story of financial struggle and perseverance.

This podcast features a conversation with Sơn Lê Hughes, chief financial officer of the West Linn-Wilsonville School District in Oregon. Sơn Lê grew up in Vietnam during the war that ravished her country. After a trying childhood, she boarded a plane for the West Coast of the United States to start a new journey. 

This episode features a conversation with Dean Rear, General Manager of Financial Services and Chief Financial Officer with the Metro Vancouver Regional District. Growing up in Alberta at the foothills of the Rockies, on a mixed farm of crops and beef cattle, Dean describes his childhood as a “boy life” with miles of open space to ride dirt bikes and play hockey.

This podcast features a conversation with Brigitte Elke, Finance Director for the City of San Luis Obispo, California. Brigitte was born and raised in Switzerland with a strong connection to the land. At age 30, she relocated to America to work in advertising and media buying. When the dot-com bubble burst, she responded to an ad for a temp position in public finance. 

This podcast features a conversation with Dr. Kirene Bargas , Director of Finance & Administrative Services for the Beaumont-Cherry Valley Water District in Beaumont, California. Dr. Bargas grew up in Hawaii with the ocean right across the street. After high school, she relocated to Ohio looking for work and opportunities. During our conversation, she recounts a harrowing story of being held u...

This episode features a conversation with Amanda Klapperich, Finance Manager for the County of Rio Grande, Colorado. Amanda grew up in Wisconsin to hardworking parents and a pretty typical childhood. Her first attempt at college didn’t take and she found herself working a fast food job. At 21, she took a job as a corrections officer in the prison system. It wasn't until she was in her 30s that she...

This episode features a conversation with Kevin Bain, Debt Manager for the City of Detroit, Michigan. Kevin grew up in the suburbs of Detroit embracing his diverse community. Described by family as a fearless child, Kevin overcame an early speech impediment to excel in school in both academics and athletics. After college, Kevin worked on Wall Street, completed graduate school at Harvard, and went...

This episode features a conversation Lisa McCargar, Vice President of Finance and Administration for Golden State Natural Resources. Lisa grew up a shy child in Los Angeles to hardworking blue-collar parents. Money was tight, but that didn’t stop Lisa from dreaming big. Once she entered the workforce, success and opportunity came calling. Her early career included time at Arthur Andersen and in Ho...

Rich Lee is the Finance Director for the City of San Mateo. Growing up in foggy south San Francisco, Rich had to develop a thick skin learning to navigate his parents' divorce as well as a genetic condition that made him a target to the insensitivity of cruel adolescents. Listen as Rich discusses his fascinating journey from wanting to be a musician, to pursuing a career in public finance.

Listen as Emily Brock, GFOA's Federal Liaison Center Director in Washington D.C., and Michele Mark Levine, GFOA's Technical Services Director, discuss how the Financial Data Transparency Act would be a costly and burdensome unfunded mandate.

GFOA's 2022 GAAP Update will be held on Thursday, November 3, 2022. Listen as GFOA's Michele Mark Levine discusses this year's event and why you should attend. 

Want to invest in your advancement? GFOA’s Fundamentals Virtual Forum, July 11-15, is designed for new government finance staff who are either starting their career journey or transitioning to public finance from the private sector. Seven of the ten virtual forum sessions will be based on topics from GFOA's Certified Public Finance Officers (CPFO) program.

In this episode, GFOA's Shayne Kavanagh talks with Dan Olivieri from the City of Maple Ridge on how he’s made meetings shorter and more enjoyable for all involved. Learn more about GFOA's #TimeBackChallenge at gfoa.org/timebackchallenge . Additional resources mentioned in the podcast: Guide to Liberating Structures , GFOA Research based on Adam Grant's work

Listen as GFOA’s Federal Liaison Center updates GFOA Standing Committee members on events in Washington.

Listen as GFOA’s Federal Liaison Center updates GFOA Standing Committee members on events in Washington.

Listen as GFOA’s Federal Liaison Center updates GFOA Standing Committee members on events in Washington.