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Local Government and School Accountability

Multiyear Financial Planning

A Tutorial for Local Government Officials

Module 1: Elements of a Successful Plan
The Process of Multiyear Financial Planning

STEP 4: Describe your assumptions about revenues, expenditures and the factors affecting them. Often plans have a set of broad assumptions described in a cover sheet or slightly longer narrative, with specific assumptions for each individual projection laid out on a line-by-line basis.

You may also find it helpful to compare revenue trends to economic patterns (such as non-farm employment growth, unemployment rates, inflation, etc.) and to look at trends in factors affecting expenditures (such as the number of government employees, energy prices, interest rates, etc.).

  Next: Some principles to consider