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.

Public Revenues

Public revenues

Revenues are resources—principally money but also land, equipment, facilities, and labor—gathered by public organizations. Revenues are gathered primarily to enable public organizations to act. Revenue gathering enables public organizations to act through expenditure of resources. Other purposes include regulating behavior, allocating resources, distributing costs and benefits, and, for the federal government, regulating the national economy.

Both recognized and self-proclaimed experts write much on revenues. Some economists specialize in studying revenues. Many accountants specialize in helping individuals and businesses legally avoid contributing greatly to the revenues of public organizations. Here, a nonspecialized approach focuses on revenue concepts, sources, evaluative criteria, and the pattern of public revenues in the United States.

Revenue Concepts

The most important revenue concepts include revenue, revenue measure, tax, base, base measurement, exemption, ...

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