Fiscal Plans

Mayors, Trustees, and Council Members crave private-sector quality fiscal information.

The fiscal plans offered by C. L.Coonrod & Company satisfy the demand by local government executives for the kind of fiscal information that will help them operate efficiently and effectively.

Indiana local government executives have long complained that they cannot get useful management information from their fiscal officers.  This is not the fault of the fiscal officers. They are required to keep books and render reports as prescribed by the Indiana State Board of Accounts (SBOA).  The system of bookkeeping and reports designed by the SBOA is well-designed and was created in a way that provides compliance with laws and regulations and is efficient in the compilation and audit of financial statements. However, it is not necessarily useful for decision makers looking into future periods.

Since most Mayors, Trustees, Councilors, and other local officials have a background in business or nonprofit organizations, they are accustomed to seeing private-sector-style profit-and-loss statements, balance sheets, and cash flow statements.  They are surprised to find none of these in local government.

 C. L. Coonrod & Company addresses this need by presenting its fiscal plans in a profit-and-loss format, just as a small business or nonprofit would. Also, the plans clearly show the balances available for appropriation now and in future periods.  Mayors and other local government officials armed with these plans can, for the first time, know where their units stand fiscally and where they are going.  Often, these fiscal plans reveal resources hidden within the arcane maze of fund accounting and free them up to serve their constituents’ needs.