About

As the largest
university-based local
government training,
advisory, and research
organization in the United
States, the School of
Government serves more
than 12,000 public officials
each year.

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The School provides
content and resources for a
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officials in North Carolina.

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The School of Government
offers up to 200 courses,
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professional conferences
each year.

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The School of Government
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bulletins, and other print and
online content related to state
and local government.

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offers information and
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Knapp Library

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Master of Public
Administration Program

The UNC MPA program prepares public service leaders. The program is offered in two formats: on-campus and online.

For more information, visit mpa.unc.edu

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Knapp Library

The Joseph Palmer Knapp Library houses a large collection of material on state and local government, public administration, and management to support the School's instructional and research programs and the educational mission of the Master of Public Administration program. Reference and research services are available to all residents of North Carolina, and additional assistance is available to state and local government personnel, both elected and appointed.

County and Municipal Government in North Carolina, Second Edition, 2014 (eBook)

An Introduction to Revenue Forecasting

Chapter number: 18

Whitney Afonso

Price:

$15.00

This is an eBook. You can download and read eBooks on your desktop, laptop, and/or a variety of mobile devices with an e-reader application. eBooks are only licensed for use by one individual and cannot be shared. eBooks cannot be printed out after purchase. For more information about ebooks, click here.

When you purchase this book, your credit card statement will show a charge to Longleaf Services, the School of Government’s fulfillment provider.

County and Municipal Government in North Carolina

Introduction / 293
Reasons for Revenue Forecasting / 294
Improved Financial Management / 294
Strategic Thinking / 294
Types of Revenue Forecasts / 295
Recommended Process for Revenue Forecasting / 295
Step 1: Create a Revenue Manual / 295
Step 2: Estimate Major Revenue Sources / 296
Step 3: Departmental Revenue Forecasts / 296
Step 4: Update Estimates / 297
Forecasting Methods / 297
Qualitative Methods / 298
Judgmental Forecasting / 298
Consensus Forecasting / 298
Strengths of Qualitative Forecasting / 298
Weaknesses of Qualitative Forecasting / 298
Quantitative Methods / 299
Formula-Based Projections / 299
Strengths and Weaknesses of Formula-
Based Projections / 299
Trend Analysis / 299
Strengths and Weaknesses of Trend Analysis / 300
Causal Modeling / 300
Strengths and Weaknesses of Causal Modeling / 301
Overall Assessment of Quantitative Methods / 301
Considerations in Choosing the Right Method / 301
Best Practices in Forecasting Revenues / 302
Forecasting Is Not Perfect / 303
Conclusion / 304
About the Author / 304

Public Officials - Local and State Government Roles

Tax and Finance Officials

Budget Officials

Tax Officials

Topics - Local and State Government

Leadership and Management

Measurements and Benchmarks

Local Government Finance

Budgeting

Property Taxation

County and Municipal Government in North Carolina, Second Edition, 2014 (eBook)

An Introduction to Revenue Forecasting

Faculty Coordinators