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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 describes the case of how Loyola Marymount University implemented a decentralized budget. According to the author, Loyola Marymount University's budgeting process is a complicated, university-wide effort that aims to align the university's financial plan with the strategic academic plan. The author reports that the performance management system has provided transparency and produced a definitive measurement of the university's fiscal strength.

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.

The article reports on the decision of the Los Angeles Unified School District to disclose its retirement plan to its employees. Specifically, the school district is having its provider, American International Group, list the revenue-sharing fees for each of the funds in its new retirement plan to employees in every communications piece they receive.

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.

This article describes a money-saving alternative for high housing prices. In San Francisco, California, buyers are banding together to buy small apartment buildings as TIC or tenants-in-common--legalese for co-owners. For $100,000 to $250,000 less than a single unit, each partner owns a percentage of the building instead of an apartment. A legal agreement establishes the division of living space, expenses and chores, plus what will happen if a partner wants to sell. The downside is the cost of financing.

Profiles Adele Grunberg, an administrative law judge for the state of California. Leisure activities of Grunberg; Personal investments of Grunberg; Retirement plans of Grunberg.

The article reports that the state of California politicians have passed their new budget plan. According to the article, the new budget plan includes $15 billion in cuts, $11.4 billion in borrowing, $12.8 billion in temporary taxes and $2 billion in funds from the federal stimulus. In the public works sector, Annette Gilbertson, California Transportation Commission (CTC) associate deputy director says that they have an approved $550 million in federal stimulus funding for the State Highway Operation and Protection program (SHOPP).

The article reports on the launch of the Recession Survival Kit software by the Mountain View, California-based enterprise software company Adaptive Planning. The launch of the software is timed for the current bleak economic outlook. The company is marketing the package to executives desperate to get a handle on their cash positions and reconfigure their financial plans in rocky economic times. According to company chief executive William Soward, in a recession, normal planning cycles are eliminated and rapid scenario analysis becomes essential.