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Office of the State Comptroller - Local Government & School Accountability

Local Government and School Accountability

Multiyear Financial Planning

A Tutorial for Local Government Officials

Why Plan?

Multiyear planning improves management and service delivery and allows for early identification of potential problems. It aids in projecting the future costs of existing services, and in determining whether existing revenue streams will be sufficient to cover these costs by the end of the planning period (usually 4-5 years).

Multiyear financial planning also provides information needed for program evaluation. It helps local government officials examine the need for new programs, given projected growth and demographic changes. Multiyear planning also allows local officials to look at the efficiency and effectiveness of existing programs and determine what improvements are needed.

  Next: Module 1 - Elements of a Successful Plan