Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance staff previews quarterly financial forecasting tool, plans May roll-out
Summary
City finance staff demonstrated a Municast-based quarterly forecasting template with stoplight indicators, drill-down capability and plans to begin formal quarterly reporting in May; committee provided feedback on detail and access.
City finance staff previewed a new quarterly forecasting template and analytical tool the department plans to use to present budget-to-actual projections and early warning indicators to the Wauwatosa City Finance Committee.
John walked committee members through the Municast forecasting module the city will use to produce quarterly reports. He said the software allows a stoplight (green/yellow/red) analysis of revenue and expense categories, and the ability to drill down from high-level categories to department-level and object-level data. "We hope to begin in May of providing these quarterly reports," John told the committee, adding…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
