Dall W. Forsythe

Dall W. Forsythe
Adjunct Professor of Finance

Dall W. Forsythe is an Adjunct Professor of Finance at the NYU Wagner Graduate School of Public Service. His current research interests center on the use of cost benefit analysis in budgeting, on securities regulation, and on the finances of New York City and New York State. Forsythe is also a member of the Municipal Securities Rulemaking Board.

Forsythe has extensive management experience in the governmental, private and not-for-profit sectors. In government, he served as budget director for the State of New York and for the New York City Board of Education. In the private sector, he worked as a managing director in Lehman Brother's public finance department. In the nonprofit sector, Forsythe served as chief administrative officer of the Episcopal Diocese of New York for four years.

Before joining NYU Wagner, Forsythe held faculty positions at Columbia University; the Kennedy School at Harvard; the School of Public Affairs at Baruch College (CUNY); and SUNY's University of Albany. He also spent three years as a senior fellow at the Rockefeller Institute of Government in Albany.

Forsythe received his B.A. and Ph.D. from Columbia University. He is author of two books, including, Memos to the Governor: An Introduction to State Budgeting (Georgetown University Press, 2004), as well as several papers and articles. He also edited Quicker, Better, Cheaper? Performance Management in American Government (Rockefeller Institute Press, 2001). In 1998, he received the S. Kenneth Howard Award, a career achievement award from the Association for Budgeting and Financial Management (ABFM).

 

Semester Course
Spring 2014 PADM-GP.2144.001 Debt Financing and Management for Public Organizations

This Course will focus on the issuance and management of debt by state and local governments, not-for-profit institutions and local authorities. The course will address the history and evolution of the capital markets through which municipal issuers borrow funds, primarily on a tax-exempt basis. The course will focus primarily on the issuance of long-term debt to support capital investment, but will also examine short-term borrowings as well.

Students will understand the role of the various participants in the capital markets, including but not limited to the issuer, underwriter, financial advisor, legal counsel, rating agency, insurer and investor. Specific case studies and assignments will explore important events in the municipal market that have resulted in significant change in participant behaviors and market volatility.

Students will become familiar with standard market calculations and analysis including bond sizing and structuring, net present value analysis and credit/risk analysis.

Students are assumed to have a good working knowledge of spreadsheet applications and basic quantitative proficiencies.


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Fall 2012 PADM-GP.2144.001 Debt Financing and Management for Public Organizations

This Course will focus on the issuance and management of debt by state and local governments, not-for-profit institutions and local authorities. The course will address the history and evolution of the capital markets through which municipal issuers borrow funds, primarily on a tax-exempt basis. The course will focus primarily on the issuance of long-term debt to support capital investment, but will also examine short-term borrowings as well.

Students will understand the role of the various participants in the capital markets, including but not limited to the issuer, underwriter, financial advisor, legal counsel, rating agency, insurer and investor. Specific case studies and assignments will explore important events in the municipal market that have resulted in significant change in participant behaviors and market volatility.

Students will become familiar with standard market calculations and analysis including bond sizing and structuring, net present value analysis and credit/risk analysis.

Students are assumed to have a good working knowledge of spreadsheet applications and basic quantitative proficiencies.


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Spring 2010 PADM-GP.2142.001 Financial Management for Nonprofit Organizations

This course focuses on financial management in a wide variety of nonprofit organizations. Some of these are organizations that rely primarily on donor support through pledges, grants and endowments. Others rely on revenues generated through the provision of services. In the fall term, the course adds material on NGOs operating in the international arena. In the spring term, the course concentrates on U.S. nonprofits. The substantive issues for financial managers are similar in both semesters.

We will look at cash flow management, cost analysis and allocation, investment management, the analysis of new programmatic investments, and strategic financial analysis. Most of the readings and materials will be drawn from sources on the internet, or provided by visiting practitioners who will help us work through cases involving issues facing their organizations.


Download Syllabus
Fall 2009 PADM-GP.2142.001 Financial Management for Nonprofit Organizations

This course focuses on financial management in a wide variety of nonprofit organizations. Some of these are organizations that rely primarily on donor support through pledges, grants and endowments. Others rely on revenues generated through the provision of services. In the fall term, the course adds material on NGOs operating in the international arena. In the spring term, the course concentrates on U.S. nonprofits. The substantive issues for financial managers are similar in both semesters.

We will look at cash flow management, cost analysis and allocation, investment management, the analysis of new programmatic investments, and strategic financial analysis. Most of the readings and materials will be drawn from sources on the internet, or provided by visiting practitioners who will help us work through cases involving issues facing their organizations.


Download Syllabus
Fall 2009 CORE-GP.1021.002 Financial Management for Public, Nonprofit, and Health Organizations

In this core course in financial management, students will learn the fundamentals of budgeting and accounting for public, health, and not-for-profit organizations. Through readings, lectures, real-world case studies, and assignments, students will gain an understanding of how to use financial information in organizational planning, implementation, control, reporting, and analysis. In addition, students will have the chance to develop their spreadsheet skills by using Excel to perform financial calculations and create financial documents.

The first half of the course focuses on managerial accounting, a set of tools used by managers for planning, implementation, and control. Topics in this portion of the course include operating budgets, cash budgets, break-even analysis, indirect cost allocation, variance analysis, the time value of money, capital budgeting, and long-term financing.

The second half of the course focuses on financial accounting, a set of tools used by managers and outside observers for reporting on and analyzing an organization’s financial health. Topics in this portion of the course include the preparation and analysis of financial statements (balance sheet, activity statement, and cash flow statement), ethics in financial management, and government accounting and financial condition analysis.


Download Syllabus
Spring 2009 CORE-GP.1021.001 Financial Management for Public, Nonprofit, and Health Organizations

In this core course in financial management, students will learn the fundamentals of budgeting and accounting for public, health, and not-for-profit organizations. Through readings, lectures, real-world case studies, and assignments, students will gain an understanding of how to use financial information in organizational planning, implementation, control, reporting, and analysis. In addition, students will have the chance to develop their spreadsheet skills by using Excel to perform financial calculations and create financial documents.

The first half of the course focuses on managerial accounting, a set of tools used by managers for planning, implementation, and control. Topics in this portion of the course include operating budgets, cash budgets, break-even analysis, indirect cost allocation, variance analysis, the time value of money, capital budgeting, and long-term financing.

The second half of the course focuses on financial accounting, a set of tools used by managers and outside observers for reporting on and analyzing an organization’s financial health. Topics in this portion of the course include the preparation and analysis of financial statements (balance sheet, activity statement, and cash flow statement), ethics in financial management, and government accounting and financial condition analysis.


Download Syllabus
Spring 2009 PADM-GP.2142.001 Financial Management for Nonprofit Organizations

This course focuses on financial management in a wide variety of nonprofit organizations. Some of these are organizations that rely primarily on donor support through pledges, grants and endowments. Others rely on revenues generated through the provision of services. In the fall term, the course adds material on NGOs operating in the international arena. In the spring term, the course concentrates on U.S. nonprofits. The substantive issues for financial managers are similar in both semesters.

We will look at cash flow management, cost analysis and allocation, investment management, the analysis of new programmatic investments, and strategic financial analysis. Most of the readings and materials will be drawn from sources on the internet, or provided by visiting practitioners who will help us work through cases involving issues facing their organizations.


Download Syllabus
Fall 2008 CORE-GP.1021.001 Financial Management for Public, Nonprofit, and Health Organizations

In this core course in financial management, students will learn the fundamentals of budgeting and accounting for public, health, and not-for-profit organizations. Through readings, lectures, real-world case studies, and assignments, students will gain an understanding of how to use financial information in organizational planning, implementation, control, reporting, and analysis. In addition, students will have the chance to develop their spreadsheet skills by using Excel to perform financial calculations and create financial documents.

The first half of the course focuses on managerial accounting, a set of tools used by managers for planning, implementation, and control. Topics in this portion of the course include operating budgets, cash budgets, break-even analysis, indirect cost allocation, variance analysis, the time value of money, capital budgeting, and long-term financing.

The second half of the course focuses on financial accounting, a set of tools used by managers and outside observers for reporting on and analyzing an organization’s financial health. Topics in this portion of the course include the preparation and analysis of financial statements (balance sheet, activity statement, and cash flow statement), ethics in financial management, and government accounting and financial condition analysis.


Download Syllabus
Spring 2008 CORE-GP.1021. Financial Management for Public, Nonprofit, and Health Organizations

In this core course in financial management, students will learn the fundamentals of budgeting and accounting for public, health, and not-for-profit organizations. Through readings, lectures, real-world case studies, and assignments, students will gain an understanding of how to use financial information in organizational planning, implementation, control, reporting, and analysis. In addition, students will have the chance to develop their spreadsheet skills by using Excel to perform financial calculations and create financial documents.

The first half of the course focuses on managerial accounting, a set of tools used by managers for planning, implementation, and control. Topics in this portion of the course include operating budgets, cash budgets, break-even analysis, indirect cost allocation, variance analysis, the time value of money, capital budgeting, and long-term financing.

The second half of the course focuses on financial accounting, a set of tools used by managers and outside observers for reporting on and analyzing an organization’s financial health. Topics in this portion of the course include the preparation and analysis of financial statements (balance sheet, activity statement, and cash flow statement), ethics in financial management, and government accounting and financial condition analysis.


Download Syllabus