The Official Blog of Forecast5 Analytics

Blog Posts

Providing a COVID-19 Financial Road Map to Your Governance Board

On a recent statewide webinar, one of our 5Cast clients shared a PowerPoint presentation that had been recently delivered to his governance board. That presentation combined information about the status of the current-year budget, as well as...

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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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4 Steps to Aligning District Resources to Student Achievement

Analyzing student achievement data can certainly be a daunting task for school administrators. This is especially true as districts attempt to tie student performance to financial and human capital. Often, the limitation of comparable data makes...

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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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No More Gotchas: Eliminating the Surprise Factor in Financial Planning

Surprise! Unless it’s someone’s birthday, this word causes heartburn for even the most experienced member of an institution's finance team. It means one of the variables that affect the budget has reared its ugly head and yelled “gotcha.”

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Redefining Transparency: Helping Stakeholders Better Understand Financial Data

Municipalities of all sizes share a common goal when it comes to making financial data transparent: just do it. Administrators know citizens and elected officials alike want to see for themselves how tax dollars were spent and how city programs...

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Back to the Future: Harnessing the Power of Historical Data to Better Manage Your Budget

By looking back, you can see further into the future.

A message pulled from a fortune cookie that leaves you pondering? Possibly. For me, it’s a maxim I like to share with the financial operations folks at higher education institutions. It’s a...

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Budgeting – You Can’t Look Forward Without Looking Back

A budget is a forward-looking fiscal plan for a given period of time.  Good budgeting, however, is not as simple as “what do I think will happen next month/quarter/year?”  What differentiates good budgets from mediocre ones isn’t just how close...

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