Financial Transparency: Financial Dashboard

Filed under: Outsourcing — Billy Keyserling @ 3:39 pm on July 5, 2009

In recent years, many developed a mistrust for their government. They came to believe that decisions were made secretly and information about important issues was withheld.

To ensure the highest level of transparency in City Government, we are working diligently to make sure citizens know as much as possible, as quickly as possible, about what happens within and outside of our City Council chambers.

As you know, I ‘ve been writing about timely topics, like the budget, funding activities in the Waterfront Park, staffing changes and the way we do business, most recently outsourcing the collection of garbage, recycling and yard debris.

News reports have indicated we are taking a comprehensive look at ways to make the city website more user friendly and to keep it more current.

When studying the website the other day, I reviewed a feature I am sure most people do now know about, but may want to preview. It is a state of the art financial reporting system and goes well beyond the level of transparency most would expect from the relatively small budget of a relatively small city.

The City’s Financial Dashboard is a one page document, found under the Finance Department link. It provides an overview and details about the city’s financial status. The dashboard reports year to date (YTD) revenues, expenses and the the city’s fund balance. Furthermore, it outlines department by department spending and how it matches budget allocations. And finally it shows, per resident revenue and expense. The Financial Dashboard is updated monthly.

During this time of economic uncertainty, it is critical we stay on top of financial issues and this is a good way to take a look on an ongoing basis.

I applaud the City Manager and his financial team and urge you to take a look to appreciate a new transparency in The City of Beaufort. Furthermore, you might have some questions.

Below I have attached the May 2009 City of Beaufort Financial Dashboard. To get a clearer image and look for past and future months, go to www.cityofbeaufort.org, click the under Departments on the left side of your screen and then click the Finance Department.

You can go directly to the Dashboard by clicking:

http://www.cityofbeaufort.org/client_resources/finance/dash%20board.pdf

Please do not hesitate to be in touch with questions about the new Dashboard or any other City matter.

Billy Keyserling

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