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The article focuses on the budget stabilization fund of Sunnyvale, California that helps it to withstand fiscal challenges. It states that a 20-year financial plan has helped Sunnyvale to face fiscal challenges and even provide residents and city employees with stable and consistent services. It adds that the reserve policy of the city requires that 20% of the general fund operating costs must be set aside for natural disasters and other similar emergencies.

This article deals with the successful long-term financial plan (LTFP) of San Clemente, California. A number of tools were used by the city's LTFP that can be employed by any organization. $149 million is the total budget of the city for 2007-2008. Particular focus is given to the small LTFP team formed to address the major issues identified for analysis. The city identified several categories of improvement including plan development, commitment to the LTFP process, stakeholder involvement, and plan execution.

Offers an approach for an annual fiscal assessment and systematic evaluation of local government finances. Importance of long-term financial planning in fiscal management; Approaches used by the city of San Clemente, California in developing its long-term financial plan; List of San Clemente's long-term financial plan problems and solutions from 1993 to 2003.

The article explores the use of long-term financial planning in local governments for achieving fiscal stability. The root of successful long-term financial and capital planning is a good fiscal strategy. Changes in the business process are needed for the transition to long-term financial planning. Chief financial officers (CFO) have an important role in the transition process. Particular focus is given to the cost recovery problems by the city of Long Beach, California, along with the outcome of its fiscal analysis.

Focuses on the selection of the Research and Consulting Center of the Government Finance Officers Association (GFOA) to help a small California city improve its strategic and long-term financial planning efforts. Budget problem faced by the city; Implementation of a strategic planning component to the city's long-term financial planning efforts; Development of a five-year revenue and expenditure forecasts by the GFOA; Collaboration of the GFOA and the city on a business plan detailing the specific steps, target dates and performance measures to be used in carrying out the efforts.