Describe the context of public finance administration


Problem: From the book: Morgan, Douglas, et al. Budgeting for Local Governments and Communities. Available from: Yuzu Reader, Taylor & Francis, 2017.

1. Describe the context of public finance administration, the budget cycle, and the role of budgeting in the town.

2. How is the budget prepared and approved? What town leaders and elected officials are involved? Where might conflict exist in the process and how might if be resolved

3. What is the role of various taxes, fees, and other revenue sources?

4. Can you determine if taxes are being leveraged for local economic development and/or political purposes?

5. What can you assess about the budget implementation process and how the town budget is managed?

6. Does the town appear to plan and budget for capital improvements?

7. Any additional issues that you think are significant in the overall administration of the town budget.

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