What does the GFOA best practice guide on budgeting provide?

The GFOA, or Government Finance Officers Association, best practice guide on budgeting is designed to support state and local governments in creating effective budgets. It provides guidance on best practices that encompass various aspects of the budgeting process, including how to develop budget policies, engage stakeholders, and maintain transparency and accountability.

This guidance is particularly valuable because it incorporates the latest research and practical experiences from government finance professionals, helping officials improve their budgeting processes in ways that promote fiscal responsibility and sound financial management. By following these best practices, governmental entities can better align their budgets with their strategic goals, improve financial decision-making, and enhance public trust in governmental operations.

While other options may touch on aspects of budgeting, they do not encompass the comprehensive, practical advice aimed at improving budgeting practices that the GFOA provides.