A Comprehensive, Long-Range City Finance Plan Using a Pro Forma Sources and Uses Process.

 A BORROWED TERM, A Professional Accounting Viewpoint. 

CharacterTowns.org has taken the accounting term, source and uses of funds, and contorted it for use in comprehensive long-range finance planning for municipalities. The term, sources and uses of funds, is so appropriate for application to the needs of municipal finance planning that the temptation for the contortion is irresistible. 

In professional accounting practice, the Certified Public Accounting [CPA] type, a sources and uses of funds statement has been described as a summary of a firm’s changes in financial position from one period to another. It is now generally referred to as a flow of funds statement or a statement of changes in financial position. Since 1989, it has been replaced by the cash flow statement in US audited annual reports. Since the term has become passé to accountants, it is being absconded for use in the city planning context as a tool for comprehensive, long-range finance planning for municipalities.