Problem
Local government officials are tasked with monitoring and reporting on the financial positions of government but have lacked a method of quickly comparing themselves to peer governments. As a result, it can be difficult for governments to benchmark financial performance and learn best practices related to financial management.
Solution
State Treasurer Cowell implemented the County and Municipal Fiscal Analysis Dashboard, an online tool that helps citizens and public officials evaluate the financial condition of a selected local government on various dimensions of resource flow and stock for governmental activities, general fund, water and sewer fund, and electric fund. This tool allows local governments to learn and implement best practices in financial management, increases government transparency and engages a broader citizen base to help build constituent trust in government.
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