The new edition of this popular book provides a step-by-step guide on how to use financial management and budgeting tools in the public sector. The book features a practical, case-study approach, and includes plentiful exercises and examples. It is designed as a textbook for courses on public financial management or public budgeting that focus on the application of budgeting and financial management tools. Public service professionals will also benefit from this handy primer.
Table of Contents
Part 1: Tools for Financial Planning 1. Revenue Forecasting 2. Resource Development Analysis 3. Cost Estimation 4. Cost Comparison 5. Incremental Cost Analysis 6. Cost-Benefit Analysis Part 2: Tools for Financial Implementation 7. Financial Performance Monitoring 8. Cash Management: Determining the Optimal Cash Balance Part 3: Tools for Financial Reporting and Analysis 9. Financial Reporting and Analysis: The Statement of Net Assets and the Statement of Net Position 10. Financial Reporting and Analysis: The Statement of Activities 11. Financial Reporting and Analysis: Fund-Level Statements 12. Financial Condition Analysis 13. Debt Capacity Analysis 14. Financial Risk Assessment: Analyzing the Risk of Revenue Loss
XiaoHu Wang is a professor at City University of Hong Kong, China. Previously, he was professor of public administration at the University of Central Florida. He has degrees in public administration and economics. A trained specialist in US local government finance, he has worked as a financial analyst for a number of governmental institutions in the United States. His teaching and research focus on financial management, performance management, and sustainability management. His research has been published in the most prestigious academic journals in public administration and public finance. He is the winner of multiple teaching and research awards.