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The Official Blog of Forecast5 Analytics

Blog Posts

City of Rockford Water Division Enhances Long Range Financial Planning: Q & A Interview with Water Superintendent

Water Superintendent, Kyle Saunders, has been partnering with Forecast5 to develop rate-setting, debt-service, and CIP calculators for better long range financial planning using 5Cast and 5Cast Plus. He was happy to share some of his...

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K-12: Forecast the Future to Fight Budget-Busting Surprises

How many line items are in your K-12 annual budget? 750? 1000? More? That’s a lot of places for the unexpected to creep in and mess with your carefully crafted financial plan. Save the surprises for birthday parties by getting a better handle on...

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Create school board financial reports in minutes? Yes, you can.

Financial systems for school districts are great tools to accurately record revenue and expense transactions. But, as anyone who is charged with creating monthly reports can tell you, that’s where their ease of use ends. It typically takes hours...

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The Gift of Time: Ditch Manual Reports with the Power of Automation

Why is it the hardest questions often start with “why?” Why is the transportation fund over budget in October? Why are revenues down from this time last year? Why are benefits a higher percentage of expenditures this year?

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See Where You’re Headed with Proactive Management of the Annual Budget

You can’t get where you need to go when driving a car by only looking in the rearview mirror. The same is true for your annual budget. If you’re spending the majority of your time reviewing transactions and preparing reports about what just...

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Analyzing Monthly Financials to Better Manage Your Annual Budget

How many times have you uttered the old adage “hindsight is 20/20” in a wistful manner? If only you’d had access to the information that’s now available, you could have made a different, better decision.

Often those insights come during the...

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Looking Forward to a Multiyear Financial Forecast

Executing a multiyear financial projection can be a time consuming and complicated process, especially if you are starting the process for the first time.  However, city officials approaching this type of project with a strategic perspective will...

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School District of Lancaster Discovers New Gains in Pupil Transportation Subsidies with Data Analytics

School District of Lancaster is a large, urban school district located in central Lancaster County, PA. The oldest district in the state, it serves a diverse population of 11,366 students across 19 different schools. Like many other school...

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Beat the Clock: How to Automate the Monthly Financial Reporting Cycle

Monthly reporting is a best practice for every financial team. It’s part of a standard routine that enables you to monitor and assess actuals against planned in your annual budget and provide your board recurrent updates.

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Better Decision Making Powered by Operational Forecasting

Planning is essential to the success of a school district. Administrators, school boards, teachers and staff spend a lot of time defining goals for how they will measure the performance of students, schools and the district as a whole.

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The Calendar Curse: How to Build Strategic Planning into Your Overbooked Schedule

How do you fit strategic planning into your calendar when it’s so jam-packed with daily tasks…it’s hard to find time to eat lunch?

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The Good, the Bad and the Immaterial: Strategies for Defining and Sharing Financial Information

Management of a municipality’s budget is a never-ending game of three-dimensional chess played on the back of a flatbed truck. You have to consider every move you make from multiple angles and you never know when a bump in the road is going to...

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