New Community Finance Initiative to Help Small- and Mid-Sized Communities

By March 7, 2019

March 7, 2018 – Ashburn, VA:

IBTS introduces financial advisory solutions to better prepare communities for funding opportunities.

The Institute for Building Technology and Safety (IBTS) recently expanded its local government services to provide a full suite of community finance advisory solutions targeted at small- and mid-sized communities. These services will assist communities in preparing for funding opportunities to finance vital projects.

IBTS supports communities in a range of financial and administrative areas, including revenue management, accounts payable and receivable, financial transaction readiness coaching, payroll management, and records management. The nonprofit organization’s experts are also well-versed in various funding mechanisms, including general obligation, green, environmental impact, catastrophe, and resilience bonds, as well as equity and Property Assessed Clean Energy (PACE).

“Local governments face a high demand for improved infrastructure and amenities while struggling with the base budget,” says Claire Collins, Development Manager at IBTS. “Having worked as city and county officials, our team understands these daily challenges and can help develop a long-term financial plan. We guide communities through various funding processes to set them up for financial success.”

IBTS has already seen large returns for one of its partner cities. The City of Central, LA, uses a nonprofit-public partnership agreement with IBTS that includes accounting and budgeting services. Through this partnership, the City has seen a savings of several million dollars after only four years.

The organization’s community finance services follow a five-step program: evaluate financial readiness, provide a risk assessment, support the preparation for credit rating amendments, identify funding sources, and ensure that financed projects meet their goals. This process helps community leaders gain a better understanding of their financial health and establish long-term economic development goals.

For more information on IBTS’ community finance solutions, contact Claire Collins at ccollins@ibts.org.

 

 


Press Contact:

Stephanie Schmidt
Content Coordinator
sschmidt@ibts.org

 

About IBTS:

IBTS is a 501(c)(3) non-profit organization committed to helping communities through quality services that reduce risk, enhance public safety, and improve quality of life.  IBTS is headquartered in Ashburn, Virginia with branch offices across the country.  IBTS’s work is guided by a Board of Directors made up of government officials appointed by five of the most highly respected, grassroots, state and local governmental associations, including the Council of State Governments (CSG), International City/County Management Association (ICMA), National Association of Counties (NACo), National Governors Association Center for Best Practices (NGA Center), and National League of Cities (NLC).