Public Budgeting

PAI 734, 3 credits

This course provides an overview of budgeting and financial management in the public and nonprofit sectors. Fundamental concepts and practices of budgeting, financial management, and public finance are introduced, with special emphasis on state and local government budgeting and financial management in the United States.

Students will explore the basic concepts and nomenclature of public finance to develop an understanding of budget processes as well as the sources and uses of public revenues. Coursework will enable students to develop basic competence in using spreadsheet programs.

Upon completion of this course, students will be able to:

  • Explain and assess key elements of government budgeting processes.
  • Apply concepts of direct, indirect, fixed, step, and variable costs to the analysis of agency expenditure needs.
  • Design and produce a flexible budget for a government agency.
  • Apply concepts and measures of efficiency, equity, and adequacy to the evaluation of government revenue policies.