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.

Expenditure Administration

Expenditure administration

Expenditure administration deals with spending money just as revenue administration focuses on the collection of money. This chapter covers the “proper” handling of money rather than the specifics for which money is spent. Spending money in the public sector is subject to an extended process with a variety of controls. The controls are procedures to secure approval of spending and to prove that spending conforms to those approvals. The controls result from public distrust. There are two reasons for distrust. First, the public believes that public organizations are using “their” money. Second, public officials are not seen as having the same motives as individuals and businesses to handle resources carefully. Unlike the private sector, a loss or mistake does not directly affect ...

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