Full course description
Badge Overview
This badge contains 7 modules.
This badge explores the municipal budgeting process. This process involves planning for and organizing revenues and expenditures, working to achieve and maintain balance, and tracking actual financial activity against the budget.
Participants will learn how municipal governments can formally and informally use policy to guide their budgeting and financial management activities, and about the role of effective communication in the process.
Badge Objectives
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Upon successful completion of this badge, you will be able to:
- Describe the process of creating a municipal budget
- Explain the tools for budget implementation and tracking
- Identify the role of sound financial management practices in public budgeting
- Use resources for further information about municipal budgeting and financial management
- Recognize a culture of transparency in municipal government
- Define the purpose of a municipal budget
- Identify typical budget processes and considerations for cities and towns
- Identify revenue sources and categories of expenditure for municipal governments
- Recognize the role of forecasting and reasoned assumptions in creating realistic budget estimates
- Identify common formats used in municipal government budgets