Financial Plan Best Practices
I thought I'd ask this group of seasoned, savvy professionals what best practices they follow on their Financial Plan cycles, specifically:
How often do you formally amend your plan? When doing amendments, how do you meet your public engagement requirement?
During an election year, do you change your approach when preparing the draft Financial Plan & Council deliberations? Does anyone have a good package that they'd be willing to share on educating a new Council on the Financial Plan process?
What best practices/policies have served to increase staff's efficiency when compiling the financial plan (i.e. checklists, setting internal deadlines, prioritizing capital projects, reserve/surplus policy, etc.)?
Thanks in advance for any feedback!