Key questions explored: How much funding is available for the remainder of the year? How does my agency’s budget compare to expenditures? Can my agency cover the cost of salaries and benefits forecasted three years out?
CFOs and financial analysts for public organizations must be able to quickly answer questions from internal stakeholders and external regulators including Congress and the Office of Management and Budget (OMB). Federal agencies generate several budget submissions each year, yet generating insights from this data and conducting variance analysis are common challenges for public organizations.
In partnership with Tableau Software and FedResults, Alpine Consulting Partners presents a webinar demonstrating how to build consolidated, easy-to-read dashboards to support effective Federal financial analysis. The team reviews common challenges of budget analyses such as version control, delta analysis, and comparison of what-if scenarios. In addition, we cover the importance of data management and data warehousing to for efficient report generation and effective data analysis. Following these considerations, we walk through an interactive budget reporting dashboard build using Tableau (e.g. the dashboard pictured below where budget data is aggregated at the agency level and users are able to drill and filter the data dynamically down to the lowest level of data).
Viewing this webinar will help analysts and budget stakeholders understand how to visualize different types of federal financial data in a cohesive set of interactive reports (i.e., budget vs execution actuals). One example presented we review is a Status of Funds dashboard that can be used within a federal agency’s budget office to track daily status of funds execution. The view is simple and easy to read, with color coordinated KPI markers and an out-of-the-box bullet chart (built in Tableau), and demonstrates the nuanced ability to bring together both budget and execution data for comparison in a single view.
For more information about how Alpine can help your organization to transform, store and visualize financial data, contact us below. To view the dashboards in more detail and view a full recording of the webinar, visit the FedResults website