Munetrix ForecastBuilder™ Product

A Munetrix ForecastBuilder™ Product is a Government Forecasting System that is a Munetrix product.

• Context:
  • It can accept a Target Year, Scenario Identifier, Target Year Fund Balance Percent, Target Year Revenues.
• Example(s):
  • Munetrix ForecastBuilder™ (2016).
  • Munetrix ForecastBuilder™ (2013).
  • …
• Counter-Example(s):
  • OpenGov Trends.
  • Munetrix BudgetBuilder™.
• See: Affordable Expenses, Municipal Local Government Directory.

---

---

References

2015

• https://www.munetrix.com/page/site/static/help/index.html#!Documents/forecastbuildertm.htm
  • QUOTE:
    • The ForecastBuilderTM is an Administration Tool that is used to build top-down multi-year budgets. The button is found at the bottom of the Annual Data page in the Administration Tools section. The tool is only available to licensed users with fiscal editing rights or external accountant editing rights. The ForecastBuilderTM delivers two significant features:
      1. . Can extrapolate multiple year forecasts
      2. . Uses a Goal Seeking algorithm to project the Affordable Services Level of expenditures.
    • For more information about the ForecastBuilderTM view the recorded webinar titled, “Affordable Services Forecasting – Municipal Edition”.
    • Figure 28: dialog box for processing the Forecast Builder
    • The year that you drill down on will become the Base Year for the ForecastBuilderTM. You will need to provide the following assumptions to complete the process;
      • Target Year – this is the year to which you want to project. For example, if your base year audited data is 2014, you might want to project to 2107.
      • Scenario – the process will not affect Baseline data. You must provide either Scenario A, B, C, or D for adding records.
      • Target Year Fund Balance Percent – this is the projected percent of Revenues for municipalities or percent of Expenditures in the case of schools.
      • Target Year Revenues – you must make some assumptions regarding the millage rate and taxable value for municipalities for and the enrollment and state revenues for schools to project the Target Year Operating Revenues.

2013

• https://vimeo.com/103514603
  • QUOTE:
    • 00:00 Introduction
    • 00:31 Agenda
    • 02:10 ForecastBuilder Tool
    • 02:43 "Rolling" Triennial
    • 03:10 Fund Balance Percent example
    • 04:04 "North Star" Fund Balance
    • 04:13 City of Inkster Case Study
    • 06:42 Base Year
    • 06:55 Running the ForecastBuilder
    • 10:25 How a communty allocates its money

---