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Although this project is focused on the guidelines developed by a consortium of stakeholders (Gross, 1998), the GFOA originally uncovered the need for budgeting guidelines and, subsequently, supported the effort with resources, staff support, and input (NACSLB, 1998).
He solicited the committee members and any other officials to make written comments on the proposals through November 10th to NACSLB, GFOA, 180 N.
GFOA recommends that state, provincial, and local governments look to the recommended practices of the NACSLB as a model for evaluating and improving their own budget policies and procedures.
(20.) NACSLB Recommended Practice 4.4: Develop Policy on Use of Onetime Revenues, and Civic Federation, "City of Chicago FY2011 Budget Analysis," November 3, 2010.
(1.) National Advisory Council on State and Local Budgeting (NACSLB), Recommended Budget Practices: A Framework for Improved State and Local Government Budgeting.
NACSLB Recommended Practice 2.2 calls on governments to "have a process for inventorying its capital assets and assessing the need for, and the condition of, these assets." A sound needs assessment requires collaboration among capital budget managers, engineers, planners, and finance specialists.
The awards criteria and relevant excerpts from the NACSLB principles are complemented by numerous examples from each of the criterion.
The NACSLB considers a long-term perspective one of the five essential features of a good budget process and recommends preparing multi-year revenue and expenditure projections; assessing long-term financial implications of current and proposed policies, programs, and assumptions; and developing plans to achieve organizational goals.
The NACSLB framework makes it clear that the budget process is more than an exercise in balancing revenues and expenditures each year.
The NACSLB was commissioned to develop a comprehensive set of policies and procedures that define an accepted budgetary process.
In 1998, GFOA approved a recommended practice endorsing the work of the National Advisory Council on State and Local Budgeting, encouraging state and local governments to look to the NACSLB recommended budget practice statements as a model for improving their own budget processes.
Many are using the recommended practices established by the National Advisory Council on State and Local Budgeting (NACSLB) to justify, motivate, and organize budget improvement efforts.
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