Finance 101: Best Practices in Financial Literacy

August 7
Duration: 1 hour

Today more than ever, it is critical for state and local governments to practice sound fiscal management and financial planning. Failure to understand financial outcomes undermines a jurisdiction’s economic and political viability. Yet there’s a big gap between what public leaders know about finance and what they need to know.

According to a recent Governing survey, only 38% of state and local leaders and public officials consider themselves experts or even “very knowledgeable” about public finance. To help combat this problem, Governing created a special report to help public officials master the basics of good fiscal stewardship.

Join Governing for a live webinar as we discuss the findings of our extensive report. At this webinar you will learn:

  • The basics—including core principles of governmental accounting, basic financial statements and external audits
  • Where the money comes from: the five main sources of state and local revenue
  • The fundamentals of municipal bonds and capital markets
  • Where the money goes: how to think about costs and how state and local budgets are created
  • Mapping out a plan to improve financial literacy in your jurisdiction


Mark Funkhouser, Ph.D.

Harry Black
Director of Finance
Department of Finance
City of Baltimore

Scott Pattison
Executive Director
National Association of State Budget Officers (NASBO)

Governing’s year-long Finance 101 initiative was made possible in part, thanks to the generous support and thought leadership of Visa, J.P. Morgan, Workday, CA Technologies and Deloitte. This effort has also been aided by many partners, including the American Association of Government Accountants, the National Association of State Budget Officers, the Council of Development Finance Agencies, Electronic Municipal Market Access, the Municipal Securities Rulemaking Board and the Governmental Accounting Standards Board.