With summer ending, finance professionals shift their focus toward strategic planning for the new fiscal year. For many agencies, the budgeting process is cumbersome and convoluted, and the relief of closing last year’s books may be brief. Consider capitalizing on this crucial transition time to lay the groundwork for a…
Effective cost recovery policies and procedures must come from an initial understanding of the true costs of providing services. Many local government agencies are aware that indirect administrative costs can be quantified and recovered from various funds, grants, fees, and charges, but are unsure of the best method of assigning…
Fountain Valley is located in Orange County, California. With over 57,000 residents and a City budget of just under $100MM, the City has many demands. The most pressing of which was the fact that a full cost allocation plan and master fee update had not been performed for over a…