Cost Allocation and Public Entity Budgeting

Nothing in government has the reach of the budgetary process. A solid understanding of governmental funding principles and risk management cost allocation methods can be a powerful tool. Spotlight the importance of your program and focus decision makers upon the generators of loss. You may also be a hero who effectively defends the general fund, your elected official’s most flexible dollars. This session begins with budgeting principles, evaluates loss funding methods and options and examines several models for allocating risk management costs.

Attendee Takeaways:
1. Understand governmental funding basics under GASB
2. Evaluate GASB loss reserving and funding requirements and options
3. Learn several effective strategies for cost allocation

David has worked to further the practice of public risk management for over 30 years as a risk manager, regulator, and practice leader, and by actively supporting and serving on the boards of directors of both PRIMA and his local chapter.  David has managed risk for state and local government, higher education and special districts, and has worked with and supported risk managers across the country in many different types and sizes of organization and leadership philosophies.  Leadership development includes the Certified Public Manager designation, leadership in police organizations, master continuity practitioner, and senior executives in state and local government programs.

He has been recognized by PRIMA several times for his commitment to the practice of public risk management including PRIMA’s Certificate in Advanced Risk Management and International Exchange, and Public Risk Manager of the Year awards.