Exposes students to the budgetary process for public-sector managers with a focus on political and legal constraints on these budgets, cash and risk management, budgetary forecasting, and more. Prerequisite/Corequisite: MGMT/POSC/PADM 311.
Prerequisite(s) / Corequisite(s):
Course Rotation for Day Program:
Offered even Fall.
Most current editions of the following:
Any text or combination of texts covering topics identified in the topical outline.
Public Finance Administration
By Reed, BJ and Swain, John W. (Sage) Recommended
Public Budgeting Systems
By Lee, Robert D., Ronald W. Johnson, Philip G. Joyce (Jones and Bartlett) Recommended
The Basics of Public Budgeting and Financial Management
By Menifeld, Charles E. (University Press of America) Recommended
To understand the budgeting process for public entities.
To explore various methods for administering and planning public budgets.
Identify various sources for public sector entities.
Explain basic accounting practices for public sector entities.
Describe basic budgetary forecasting and monitoring techniques.
Demonstrate cost analysis techniques.
Explain the purchasing process for public entities.
Identify basic investment strategies.
A significant, intensive writing component is required for this course. This requirement may by satisfied by a single type-written paper of twelve pages in length (properly cited) or by multiple assignments of equivalent length.
Differences between public sector and private sector budgeting
Revenue sources for public entities (taxes, fees, lotteries, etc.)
Budget preparation, approval, and execution
Accounting and auditing
Finance and debt management
Cost analysis and forecasting
Retirement/pension plan funding and administration
Recommended maximum class size for this course: 25
NOTE: The intention of this master course syllabus is to provide an outline of the contents of this course, as specified by
the faculty of Columbia College, regardless of who teaches the course, when it is taught, or where it is taught. Faculty members teaching this
course for Columbia College are expected to facilitate learning pursuant to the course objectives and cover the subjects listed in the topical
outline. However, instructors are also encouraged to cover additional topics of interest so long as those topics are relevant to the course's
subject. The master syllabus is, therefore, prescriptive in nature but also allows for a diversity of individual approaches to course material.