- Financial Policy
- Long-term Financial Modeling
- Budget Development
- Capital Improvement Plans
- Class & Compensation Studies
- Organizational Analysis
- Strategic Planning
- Public Engagement Tool-kit
- Local Entrepreneurship Program
Financial Policy and Long-term Financial Modeling
A financial planning effort uses technical analysis to identify long-term imbalances in financial position and then develops strategies to counteract those imbalances. The tools and information required for this effort are effective financial management policies, forecasts, trends in key indicators of financial health and analysis of content specific issues. Initiatives Group has developed methods and activities for your governmental agency to better understand the Fund financial condition and the forces that affect it, as well as, the obstacles associated with achieving fiscal sustainability.
The budget development process is the formal method through which the City establishes its program priorities, goals and service levels for the upcoming fiscal year. Through the budget development process, policy is set, programs are established, service levels are expressed, performance measures are articulated, and resources are identified.
Capital Improvement Plans
A Capital Improvement Plan (CIP) is a community planning and fiscal management tool used to coordinate the location, timing and financing of capital investments over a multi-year period — usually 5-10 years. Capital improvements refer to major expenditures such as new facilities and utility infrastructure and equipment. The CIP should include descriptions, project rankings by priority, and a year-by-year schedule of expected project funding and costs. The CIP is a working document and should be updated frequently to reflect changing community needs, priorities and funding opportunities.
Class & Compensation Studies
A public sector organization must examine its compensation philosophy to ensure it can successfully compete for existing and future employees. Classification and compensation studies review internal equity (pay relationships between positions) and external competitiveness (pay relationships with labor market competitors). This helps public sector organizations achieve human resources objectives such as employee recruitment, retention, pay satisfaction and containing labor costs.
Public Engagement Toolkit
Quality public engagement depends on high levels of public trust and organizational competence. Providing quality information to the community and creating an avenue for stakeholder input assists city leaders in making difficult decisions and ensures community voices are heard on issues that affect them. The toolkit sets a common language among city departments, elected leaders and others as you strive to develop effective engagement programs.
Local Entrepreneur Program
Main Street is the back-bone of communities! Traditional economic development approaches do not work anymore and the 4th wave of economic development is here and means that ecosystems must be built around Entrepreneurs. Initiatives Group has developed a local entrepreneur program “Entrepreneur Hustle” for aspiring and early-phase business owners who need hands-on assistance with business plan development and start up financing. Let us help your community build strong businesses.