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.
Assessing Financial Conditions
Assessing Financial Conditions
Assessing financial conditions refers to evaluating information related to finances for the sake of making decisions. Most public-sector assessment efforts are concerned with capability in the sense of an organization being able to act in a preferred manner. Two of a variety of views on capacity involve the provision of public services and payment of debt. Those who focus assessment efforts on the provision of public services are concerned with the purposes of public organizations, and those who focus on debt payment generally have an interest in seeing debt payments made. Although service provision is particularly interesting to public administrators, the best known examples of financial assessment are bond ratings, which are capsule descriptions of debt repayment capacity.
Bond ratings show ...
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