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.

Risk Management

Risk management

Everyone makes mistakes and is involved in accidents. Individuals make efforts to avoid mistakes and accidents, especially ones that harm people and cause losses or liabilities. Automobile collisions, fires, and injuries from falling on icy sidewalks are all risks that most people deal with by taking sensible precautions. Governments and nonprofit organizations, no less than individuals, are exposed to risks, those “slings and arrows of outrageous fortune.” When employees are hurt on the job, a decline in productivity and increased costs in medical and workers' compensation costs can result. Fires, floods, damaging storms, and other natural disasters increase costs, in some cases astronomically. What has been described as an increasing “hyperactivity” in legal system use and decreasing willingness by courts and legislatures ...

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