The twenty-first century has witnessed significant changes in the policy and practice of budgeting and financial management at the federal, state, and local government levels. This course will connect budgetary theory with practice and will provide students with budgeting and financial management tools. In this class, students will become familiar with the general context and evolution of public finance in the United States. Students will also gain familiarity with the technical aspect of financial management. In order to do so, we will: (i) review strategies of various participants; (ii) examine revenue sources, expenditure areas, and balanced budget requirements for all levels of government in an intergovernmental context; (iv) examine personal services, operating, and capital finances. Students will also learn financial management techniques and analytical models that will help them with answering important policy questions. This century has raised a number of important financial management issues. As a class, we will discuss topics such as cash management, risk management, procurement, debt management, and cutback management.
Course Reference Numbers
Mon 5-9p in Tacoma