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.

Personnel and Pension Administration

Personnel and pension administration

Despite recent trends toward privatization of public services and uses of technology, labor consumes the largest portion of public expenditures. Public service is a labor-intensive operation, and because of this, costs associated with public employment are a major concern in public financial management.

Traditionally, public finance administrators have had little to do with public personnel administration, with the sole exception of public pension plans. Except for helping to design and administer some pension plans, financial issues arising from personnel administration were handled as if fiscal concerns did not exist. More recently, finance administration has been used in personnel administration to analyze the financial implications of personnel decisions. Pension administration is still a more common finance concern, but cost consequences ...

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