What is BFO?
In a nutshell, BFO is an innovative and intuitive approach
to budgeting that engages citizens and employees in the transformation
of governments. Or as one of our local government clients
put it, it can change your budget from a “list of accounts
to a map for the future.”
Instead of starting with the previous year’s budget and justifying
increases or cuts from that base, Budgeting for Outcomes (BFO)
starts with a set of results that matter to citizens and allocates
available dollars to each of those results. In eras of budget
constraint or surplus, this new strategy is revolutionizing
public sector financial management all across the country.
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