Finance Track

Course Description

The Performeter is an analytical tool that takes a government’s financial statements and converts them into useful and understandable measures of financial performance. The Performeter uses financial ratios and a copyrighted analysis methodology to arrive at an overall rating of 1-10, which indicates the overall financial health and performance of a government.

Since 2002, PITI-VITI has been developing Performeters annually for each of the insular areas. As a result, multiple years of cumulative data is now available for each government. In addition to being able to track overall scores, the Performeter can also be used to track individual trends within ratios: Net Assets, Fund Balances, Revenue Dispersion, Intergenerational Equity, etc.  This session will describe the Performeter tool, highlight recent results by insular area, and consider next steps for island governments'  financial health and performance.

What You Will Learn

• Describe the Performeter tool
• Review recent results by insular area
• Review next steps for island governments'  financial health and performance.

Who Should Attend?

APIPA conference sessions are intended for island government accountability professionals.  Audit, budget, finance, accounting, and related management and staff members will find interest and value in this presentation.