The vast majority of working people, whether they’re high school kids flipping burgers or thirty-something adults who happen to be extremely skilled in a specialized area like medicine or law, don’t give much thought to the financial ins and outs of their bosses. As long as their checks show up on payday, they’re happy. Municipal governments, though, don’t have that luxury. Whether the community needs a new fire house or a neighborhood watch or just a few more trees planted here and there, it all costs money, time, and energy. What’s more, many municipal projects are financed through the sale of municipal bonds. Screw up, and the results can be ugly. A municipal finance consultant can help take a lot of the mystery and stress out of keeping the wheels of community financial progress greased and turning. Read on to learn how that’s so, and why you ought to hire one for your own town, city, or other community.
BETTER FINANCIAL HEALTH THROUGH REPORTING, OR HOW I LEARNED TO STOP WORRYING AND HIRE A CONSULTANT
If there’s one thing that the term “labyrinthine” seems tailor-made to describe, it is undoubtedly the joining – or is that the collision? – of finance and government. The two are bad enough on their own, but put them together, and it’s a recipe for the headache of the century. Being government entities, municipal finances are run on complicated software. This is the case with similar institutions like banks, and as such, it requires considerable banking (or related) experience to run things efficiently. A good municipal finance consultant can streamline things considerably by giving expert knowledge to an otherwise clueless staff in the structuring and execution of best financial practices. This will save the organization, and thus the entire community, much time, money, and frustration. In short, hiring a worthy municipal finance consultant means that the hiring organization will always know just where they stand and what the best course of action is moving forward.
CONSULTANTS: SOMEONE TO COVER YOUR BACK
Governments, whether large or small, are notorious hotbeds of red tape, bureaucracy, and the non-negotiable requirement that everything operate “just so”. Even the best and most efficient municipal governments have problems, and when they arise, bad things can follow quickly, especially in matters financial. A reputable municipal finance consultant is perfect for those organizations that need occasional or even routine support services given by a highly skilled professional. With the use of such consultants, worries over staff issues – illness, conflicts in time off, and so forth – an unscheduled jump in workload, and other emergencies or wrenches in the plan of operations need never worry anyone again, because there’ll always be someone to turn to just when you need them the most.
SAVING MONEY VIA CONSULTANCIES
This last point is simple: Municipal governments can hire a large staff, many of whom will be junior, and thus inexperienced, employees, or it can hire a mid-sized staff and use one or more municipal finance consultants to do the very specialized tasks, train staff in a condensed, streamlined manner, and generally optimize performance while keeping costs down at the same time. Put another way, if you’re a municipal government who likes the idea of a healthy balance sheet, you need to hire a municipal finance consultant.
And there you have it – all the reasons why hiring a good municipal finance consultant makes sense. We’ve been serving the professionals in municipal finance since 1985. To find out how we can help you hire the best in the business, contact us today!