Finance

GASB Statement 34: Curriculum and Teaching Concerns for Schools of Public Policy and Management

GASB Statement 34: Curriculum and Teaching Concerns for Schools of Public Policy and Management
Journal of Policy Analysis and Management, Volume 21, #1, Winter 2002, pp. 138-144.

Denison, D., Finkler, S.A. & Mead, D.
01/01/2002

Discusses the challenges posed by incorporating Statement No. 34 of the U.S. Governmental Accounting Standards Board, Basic Financial Statements-and Management's Discussion and Analysis-for State and Local Governments (GASB 34) in the core curriculum of a school. Generally accepted accounting principles and GASB 34; Pedagogical issues in GASB 34; Dynamism in learning governmental accounting.

Learning from Experience: A Primer on Tax Increment Financing

Learning from Experience: A Primer on Tax Increment Financing
Fiscal Brief, New York City Independent Budget Office, September

Devine, T.
01/01/2002

To fund the estimated $1.5 billion extension of the No. 7 subway and perhaps other redevelopment proposals on Manhattan’s Far West Side, there has been increasing discussion of using a borrowing method known as tax increment financing, or TIF. The basic idea underlying TIF is that a city or town finances an improvement in a specific district with the property tax revenue generated by that improvement. While TIF has been used extensively throughout the country in cities such as Chicago, Los Angeles, and Washington, D.C., it has never been used here. This report provides a primer on TIF––what it is, key features of the laws that authorize it, the types of projects undertaken, some of the reasons for its popularity, and a review of how it has worked in some other localities. Among the lessons from our review: • While TIF has proven to be an effective and flexible financing method in a variety of settings, some municipalities have encountered problems with their projects, including insufficient revenue to pay debt service. • TIF has been used to finance a variety of public works projects, but most have been small-scale. Larger projects usually have been joint ventures, mostly with private partners. No TIF project has been as costly as the proposed No. 7 extension. The report concludes with a discussion of issues that will have to be considered before relying on TIF for financing the proposed subway extension. These considerations will be more closely examined in a subsequent IBO report that will look at the viability of tax increment financing for extending the No. 7.

Replicating Microfinance in the United States: Opportunities and Challenges

Replicating Microfinance in the United States: Opportunities and Challenges
(with Mark Schreiner) Chapter 1 of Replicating Microfinance in the United States, edited by Jim Carr and Zhong Yi Tong. Baltimore: Woodrow Wilson Center/Johns Hopkins University Press,

Morduch, J.
01/01/2002

Microfinance was pioneered in the developing world as the lending of small amounts of money to entrepreneurs who lacked the kinds of credentials and collateral demanded by banks. Similar practices spread from the developing to the developed world, reversing the usual direction of innovation, and today several hundred microfinance institutions are operating in the United States.

Replicating Microfinance in the United States reviews experiences in both developing and industrialized countries and extends the applications of microlending beyond enterprise to consumer finance, housing finance, and community development finance.

This book reviews experiences in both developing and industrial countries and extends the applications of microlending beyond enterprise to consumer finance, housing finance, and community development finance, concentrating especially on previously underserved households and their communities.

 

School Performance and Resource Use: The Role of Districts in New York City

School Performance and Resource Use: The Role of Districts in New York City
in Fiscal Issues in Urban Schools, Research in Education Fiscal Policy and Practice: Volume One, Christopher Roellke and Jennifer King Rice, editors. Information Age Publishing.

Schwartz, A.E., Stiefel, L. & Iatarola, P.
01/01/2002

State accountability systems as well as the system written into the reauthorized Elementary and Secondary Education Act rely on measures of performance to judge how well schools are educating their students. While the role of districts in financing schools is well known, relatively little attention has been paid to any other function the district might have in determining school performance. Advocates for school-based budgeting and school-based financing argue that educational policymaking and primary control cover budgeting is best left to schools, with more limited responsibilities for districts in areas such as support services for joint purchasing or professional development. At the same time, the movements toward greater state financing and more stringent state accountability systems are strong forces shifting revenue raising and authority aver curriculum from the district to the state level. Do districts continue to matter at all in how schools perform? Why and in what ways?

The Roles and Challenges of Intergovernmental Transfers in Asia

The Roles and Challenges of Intergovernmental Transfers in Asia
in P. Smoke and Y. H. Kim, Intergovernmental Transfers in Asia: Current Practice and Challenges for the Future (Manila, Asian Development Bank).

Kim, Y.H. & Smoke, P.
01/01/2002

Intergovernmental transfers are an important tool of public sector finance in both industrialized and developing countries. Critically examining selected intergovernmental transfers in three large Asian countries-India, Pakistan, and the Philippines-this study highlights lessons from these countries that those intending to reform their intergovernmental transfer systems might apply. Each country is considered in light of the accepted principles and international practices of intergovernmental transfers. A summary is provided that synthesizes the results from case studies, examining how they meet individual country objectives and how they relate to broader international experience.

The Well-Informed Lobbyist: Information and Interest-Group Lobbying

The Well-Informed Lobbyist: Information and Interest-Group Lobbying
Interest Group Politics, 6th edition CQ Press,

Kersh, R.
01/01/2002

Interest Group Politics presents a broad spectrum of scholarship on interest groups past and present. In a time of partisan parity, when control of Congress is always within reach of the minority party at the next election, interest groups have every incentive to keep the pressure on. And they do. But the imbalance of influence that tilts toward moneyed interests is one of the cornerstones of the political system.

What does this mean for equal representation? In nineteen chapters, noted political scientists explore the role of money, technology, grassroots lobbying, issue advocacy advertising, and much more in interest group influence. Students will learn how the National Rifle Association has become one of the most effective lobbying groups in America, what opportunities the openness of the American political process has offered ethnic groups both within and outside the United States, how the role of interest groups in elections has changed (including 527's), what effect religious organizations had in the 2004 elections, and how interest groups affect Supreme Court nominations.

Spatial Lock-in: Do Falling House Prices Constrain Residential Mobility

Spatial Lock-in: Do Falling House Prices Constrain Residential Mobility
Journal of Urban Economics, 49(3), May 2001.

Sewin Chan
05/01/2001

Falling house prices have caused numerous homeowners to suffer capital losses. Those with little home equity may be prevented from moving because of imperfections in housing finance markets: the proceeds from the sale of their home may be insufficient to repay their mortgage and provide a down payment on a new home. A data set of mortgages is used to examine the magnitude of these constraints. Estimates show that average mobility would have been 24% higher after 3 years had house prices not declined, and after 4 years, it would have been 33% higher. Among those with high initial loan-to-value ratios, the differences are even greater.

Budgeting Concepts for Nurse Managers

Budgeting Concepts for Nurse Managers
3rd Edition, W.B. Saunders, Philadelphia, 480 pages.

Finkler, S.A.
01/01/2001

This book helps nurses develop and refine good budgeting skills - a necessity in today's economy-driven health care system. Clearly written and thoroughly understandable, this new edition shows first-line nurse managers and their immediate supervisors how to work effectively with financial staff and management, and how to develop, monitor, and maintain departmental and institutional budgets. It is written at a level that assumes no previous financial management experience or expertise on the part of the reader.

Double Bottom Line Investment

Double Bottom Line Investment
Journal for Nonprofit Management, Summer 2001, Vol. 5, No. 1, pp. 46-65. This article is abstracted in Association for Research on Nonprofit Organizations and Voluntary Action (ARNOVA), Abstracts Vol. 25, #1, December 2001, p. 26.

Denison, D. V. & Chellman, C.
01/01/2001

Financial Management for Public, Health, and Not-for-Profit Organizations

Financial Management for Public, Health, and Not-for-Profit Organizations
Pearson/Prentice Hall,

Finkler, S.A.
01/01/2001

One of the few books that addresses financial and managerial accounting within the three major areas of the public sector � government, health, and not-for-profit�the Second Edition provides the fundamentals of financial management for those pursuing careers within these fields. With a unique presentation that explains the rules specific to the public sector, this book outlines the framework for readers to access and apply financial information more effectively. Employing an engaging and user-friendly approach, this book clearly defines essential vocabulary, concepts, methods, and basic tools of financial management and financial analysis that are imperative to achieving success in the field. This book is intended for financial managers and general managers who are required to obtain, understand, and use accounting information to improve the financial results of their organizations, specifically within the areas of government or public policy and management, not-for-profit management, and health policy and management.

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