Financial Facts

May 19, 2017

Government has historically lagged industry in keeping up with the best practices and most efficient methods of forecasting. Some of the pitfalls encountered include:

  • Slow preparation
  • Optimism bias
  • Lack of support for assumptions
  • Poor data quality
  • Lack of ownership and accountability
  • Misalignment of incentives
  • Lack of forecasting skills in the team
  • Lack of understanding of risk and volatility in the forecast

VACo Contact: Vicky Steinruck, CPA

- Related Blog Posts -

Region 13 Legislative Meeting – issues discussed coal, education and economic development

April 17, 2015

View Blog Post

The History of County Connection’s PAGE 5 TOURISM

June 3, 2015

View Blog Post

GRAYSON COUNTY REQUEST FOR PROPOSALS

October 5, 2018

View Blog Post