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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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Why 5?

From time to time, curious clients and prospects ask us about our corporate name…Forecast5™.  They essentially want to know how we came up with the name and “what does it mean”?  The answer is pretty simple. It is a word play on our core mission...

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How to Produce an Epic Financial Story

As the finance administrator of the district, having a good story and visuals is perhaps even more important than other roles, as you are constantly responsible for developing strategies.  Even the best, most thought out, strategies are only as...

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4Cs to Producing Your Next Big Presentation

When shopping for a diamond, you’re coached to look at the “Four Cs” – carat, cut, color and clarity.  In producing your presentations, you can use these “Four Cs” by replacing the first two – color, clarity, consumption and consistency. 

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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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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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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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