Several organizations that provide guidance on "best practices" regarding municipal finances. Best practices provide a yardstick for a municipality to measure itself and guidance for self-improvement.
Standards & Guidance
Government Finance Officers Association has guidance on many financial practices, including budgeting. The Division of Local Services of the Massachusetts Department of Revenue also has posted its own set of best practice standards on many municipal finance topics. Finance Committee members receive a handbook from the Association of Town Finance Committees which contains practice standards in addition to a wealth of information on municipal finance.