Summary
Contents
Subject index
This book is unique in its exclusive and comprehensive focus on the management of public funds. The book emphasizes defining terms, framing concepts, and examines common controversies in the field. The authors begin with a broad introduction to public finance administration. They then cover topics such as: revenue and expenditure; managing cash flow; capital budgets; and the financial components of human resource management. With its unique focus on the management of public funds, the book fills a need for courses in public finance administration by providing a public administration-based approach.
Cash Management
Cash Management
Cash management means regulating the flow of money into and out of a public organization to benefit its financial position. The purposes of cash management include bringing political and financial advantages to a public organization. The political advantage is public appreciation of a capable organization paying and collecting monies in an appropriate fashion. Traditionally, the overriding focus of cash management has been on the financial advantages, which have principally been seen as the investment income possible. Managing cash flow makes money available for short-term investment. Investment return can be calculated or measured in a variety of ways, the following being one of the easiest to use:
Less noticeable, but no less real in the final analysis, are decreased costs made possible by cash ...
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