- Location
- Cary, North Carolina
- Offices
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Client
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Town of Cary, NC
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- Location
- Cary, North Carolina
- Offices
- Client
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- Town of Cary, NC
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Town of Cary Financial Sustainability Analysis and Modeling Services
The Town of Cary has always provided high levels of service to their community and wanted to maintain that standard during the COVID-19 pandemic. Following a successful collaboration in 2019, they turned to us for help.
Using our Financial Analysis and Management System (FAMS) model, we created a special module to manage the timing and distribution of $225 million from a voter-approved bond referendum. The module took into account potential pandemic-related revenue drops and mitigating the impact on the Town¡¯s General Fund. We also developed other customized modules to analyze the tax impact of varying levels of service, simulate various degrees of revenue and expense fluctuations, forecast property values, and project key performance indicators, such as reserves and debt service capacity.
We continue to support the Town¡¯s budget process with annual updates to their General Fund and incorporate future debt planning.
The FAMS model supports the Town in maintaining high service levels, financial stability, and effective planning, fostering a well-managed and resilient community.
- Location
- Cary, North Carolina
- Offices
-
-
Client
-
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Town of Cary, NC
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- Location
- Cary, North Carolina
- Offices
- Client
-
- Town of Cary, NC
Share
Andrew Burnham, Vice President, Management and Technology Sector Leader
I take pride in presenting complex information in a way that community leaders can understand and comfortably share with their stakeholders.
Kevan Cook, Senior Consultant
I take great pride in helping utilities plan for the future and provide life-sustaining services while prioritizing fiscal responsibility.
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