A Budgeting Guide for Local Government 2022 (Fall Cohort) Session 2: Understanding Financial Management
Recorded On: 11/09/2022
Learn the fundamentals that every local government manager should know. Back by popular demand, this three-part webinar series takes a forward-looking, strategic approach to budgeting while showing you how to improve the process and promote economic vitality in your community.
Based on the brand-new fourth edition of ICMA’s A Budgeting Guide for Local Government, this series is hosted by coauthor Dr. Michael Overton, associate professor at the University of Idaho, and Scott Huizenga, assistant city manager for Fair Oaks Ranch, TX.
You will discuss:
- Lessons for budgeting and the budgeting cycle
- Budget preparation and legislative approval
- Executive implementation
- Financial controls, communication, and compliance
- Accounting and auditing
- Understanding the overall financial picture
- Projections and forecasting
- Capital budgeting
- Performance measurement
- Long-term planning
Like the book, this program is designed for local government managers and assistant managers who would like to gain a better understanding of the fundamentals of the budgeting process.
ALL PROGRAMS WILL TAKE PLACE FROM 1:00 TO 2:30 PM EASTERN
Session One – 11/02/2022: Budget Basics: the budget, the budgeting cycle, and the evolution of budgeting
Session Two – 11/09/2022: Understanding Financial Management: the financial picture, projecting the future, policies and rules
Session Three – 11/16/2022: Long-term Budgeting and Planning: capital budgeting, performance measurement, long-term planning
From A Budgeting Guide for Local Government, 4th Edition:
- Chapter 2: Revenue Choices: Principles to Guide the Manager
- Chapter 8: The Budget Cycle: Preparation and Legislative Approval (Pgs. 197-211)
Dr. Michael Overton
Assistant Professor of Political Science and Public Administration
Michael Overton (Ph.D., University of North Texas, 2015) is an assistant professor of public administration, using his public sector experience to identify research topics that matter to government entities. His research focuses on the intersection of local government management and fiscal policy. He is particularly interested in topics involving local government fiscal health, economic development financing, transportation and local government competition. His research into these areas has been funded by the Department of Housing and Urban Development, the Lincoln Institute of Land Policy, SMART Transit, the North Central Texas Council of Governments and has been published in prominent public administration journals including The Review of Regional Studies, The American Review of Public Administration, State and Local Government and Public Money and Management.
Over the brief tenure of his career, he has received prestigious awards for his scholarship. In 2015, he won the Toulouse Dissertation Award in Social Science for best social science dissertation at UNT. He was selected for the 2016 Lincoln Scholars Program hosted by the Lincoln Institute of Land Policy and recently, he was honored as a 2017 American Society of Public Administration Founders Fellow.
Assistant City Manager, Fair Oaks Ranch, TX
Scott Huizenga is a local government professional with nearly 20 years of experience in city management, municipal finance, labor negotiation, capital improvements, and economic development. He is a recognized leader in resident engagement, budget and policy formation, strategic and financial planning, and developing financial policies.
Scott joined the City of Fair Oaks Ranch, Texas as Assistant City Manager in December 2021. Scott previously served as the Budget Director for the City of San Antonio, Texas where he managed the development, implementation, and monitoring of the city’s $2.9 billion annual budget as well as the City's Budgeting for Equity process. He also previously served as the Budget Director for the City of Kansas City, Missouri, where he led the development of the City’s Citywide Business Plan and Five-Year Financial Model in addition to the annual budget. And, Scott served as City Administrator of East Grand Forks, Minnesota from 2008-2013. Scott studied Public Administration at the University of North Dakota, and he holds a Master of Public Administration Degree from the University of Kansas.