Fiscal Administration 10th Edition by John Mikesell, ISBN-13: 978-1305953680

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Fiscal Administration 10th Edition by John Mikesell, ISBN-13: 978-1305953680

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• Publisher: ‎ Cengage Learning; 10th edition (January 1, 2017)
• Language: ‎ English
• 720 pages
• ISBN-10: 1337658545

• ISBN-13: ‎ 978-1305953680

FISCAL ADMINISTRATION, Tenth Edition, gives you the power to understand public finances as a participant who can put the process together, not just as a bystander. With U.S. federal, state, and local budgets, financial reports, and other documents, you can see how policymakers and administrators operate and learn skills needed to function in those systems. Chapters illustrate concepts and issues with case studies from the private and nonprofit sector as well as from government finance.

Table of Contents:

About the Author

Preface

Contents

Ch 1: Fundamental Principles of Public Finance

Why Public Finance and Budgeting?

Public Finance versus Business Finance

Functions of Government: Market Failures

Functions of Government: Economic Stabilization

Functions of Government: Redistribution

Privatization

Building Public Choices from Individual Preferences

The Layers of Government

Conclusion

Questions and Exercises

Case for Discussion

Part 1: Budgeting, Budget Structures, and Budget Reform

Ch 2: The Logic of the Budget Process

Size and Growth of Government Expenditure

What Is a Budget?

Budget Process and Logic

Administrative and Functional Classification

What the Budget Process Should Contribute

The Budget Cycle

Government Accounting and Financial Reporting

Budgets and Political Strategies

Conclusion

Questions and Exercises

Case for Discussion

Ch 3: Budget Methods and Practices

Growth Rates and Simple Forecasts

Preparation of Agency Budget Requests

Review of Budgets

The Executive Budget: The Plan and the Balancing

Managing Budget Execution

Audit and Evaluation

Conclusion

Questions and Exercises

Case for Discussion

Ch 4: Federal Budget Structures and Institutions

Federal Spending

The Fiscal Control Record

Legal Framework for Federal Budgeting

Phases in the Federal Budget Cycle

Sorts of Budget Authority

Mandatory and Discretionary Spending

Federal/Trust, On-Budget/Off-Budget

Conclusion

Questions and Exercises

Appendix 4-1

Ch 5: State and Local Budgets

State and Local Spending and Services Delivered

Fiscal Control and Conditions

State and Local Budget Processes

The Elephant in the Room: State and Local Pensions and Other Post-Employment Benefits

Conclusion

Questions and Exercises

Appendix 5-1

Ch 6: Budget System Reforms: Trying to Make Better Choices

Considering the Flow of Provision of Government Services: The Logic of the Service System and Budget

Traditional Performance Budgets

Program Budgets

An Illustration of an Expenditure in Alternative Classifications

Results-Based, Outcome-Driven, New Performance Budgeting

Conclusion

Questions and Exercises

Appendix 6-1

Appendix 6-2

Ch 7: Capital Budgeting, Time Value of Money, and Cost-Benefit Analysis: Process, Structure, and Bas

Why Have a Separate Capital Budget Process?

A Process for Managing Capital Expenditure

Problems in Capital Budgeting

Accounting for Time: Discounting and Compounding

Organizing Information for Choices: Cost-Benefit Analysis

Conclusion

Questions and Exercises

Case for Discussion

Part 2: Revenue Sources, Structure, and Administration

Ch 8: Taxation: Criteria for Evaluating Revenue Options

Taxation in the United States: A Brief Overview of the Systems

Standards for Tax Policy

State and Local Taxes and Economic Development

Taxes and Externalities

Conclusion

Questions and Exercises

Case for Discussion

Ch 9: Major Tax Structures: Income Taxes

Some Background

The Argument about Taxing Income

Individual Income Taxation

The Individual Income Tax Gap

Corporate Income Taxation

Payroll Taxation

Conclusion

Questions and Exercises

Case for Discussion

Ch 10: Major Tax Structures: Taxes on Goods and Services

The Equity Question

Selective Excise Taxation

General Taxes on Goods and Services: Retail Sales and Value-Added Taxes

Retail Sales Taxes

Value-Added Taxes

Conclusion

Questions and Exercises

Cases for Discussion

Ch 11: Major Tax Structures: Property Taxes

Good Tax, Bad Tax?

Arithmetic and Application of Rates, Levies, and Assessed Value

Property Tax Relief Mechanisms

Conclusion

Questions and Exercises

Cases for Discussion

Ch 12: Revenue from User Fees, User Charges, and Sales by Public Monopolies

User Fees and Licenses

User Charges

Public Monopoly Revenue: Utilities, Liquor Stores, and Gambling Enterprises

Conclusion

Questions and Exercises

Cases for Discussion

Ch 13: Revenue Forecasts, Revenue Estimates, and Tax Expenditure Budgets

Revenue Forecast (or Baseline)

Monitoring and Evaluating

Revenue Estimating (or Scoring)

Tax Expenditure Budgets

Conclusion

Questions and Exercises

Case for Discussion

Appendix 13-1

Ch 14: Intergovernmental Fiscal Relations: Diversity and Coordination

Correspondence and Subsidiarity

Is Bigger Better?

Fiscal Disparity

Coordination and Assistance: Tax Systems

Coordination and Assistance: Grants

States and School Aid

Coordination and Assistance: Mandates

Conclusion

Questions and Exercises

Case for Discussion

Part 3: Administering Debt, Working Capital, and Pension Funds

Ch 15: Debt Administration

Federal Debt

State and Local Government (Municipal) Debt

When Government Finances Go Horribly Wrong: Debt and Other Claims

Conclusion

Questions and Exercises

Appendix 15-1

Index

John L. Mikesell is Chancellor’s Professor of Public and Environmental Affairs Emeritus at Indiana University. His work in government finance, budgeting, and taxation has appeared in such journals as National Tax Journal, Southern Economic Journal, Public Finance Review, Public Budgeting & Finance, Public Finance and Management, State Tax Notes, Public Choice, International Journal of Public Administration, Tax Notes, and Public Administration Review and he is internationally regarded as an expert in general sales taxation. He is coauthor with John F. Due of Sales Taxation: State and Local Structures and Administration, a standard guide for policy discussions about that tax. He was editor-in-chief of Public Budgeting & Finance, the journal of the American Association for Budget and Program Analysis and the Association for Budgeting and Financial Management for fifteen years. He has served on the Revenue Forecast Technical Committee of the Indiana State Budget Agency for over thirty years, has been a David Lincoln Fellow in Land Value Taxation with the Lincoln Institute for Land Policy, has been Senior Research Fellow, Peking University–Lincoln Institute Center for Urban Development and Land Policy, Beijing, People’s Republic of China, and has been visiting scholar at the Congressional Budget Office. He has served as chief fiscal economist and chief of party with the USAID Barents Group/KPMG Peat Marwick fiscal reform project with the Government of Ukraine, as Moscow-based director for assistance in intergovernmental fiscal relations with the USAID Georgia State University Consortium Russian fiscal reform project, and has worked as consultant on World Bank missions to the Kyrgyz Republic, Kazakhstan, Azerbaijan, Tajikistan, and Turkmenistan, He has been the sales tax expert on tax reform research and discussions in Indiana, Hawaii, Nebraska, Minnesota, and New York. He holds a BA from Wabash College and MA and PhD in economics from the University of Illinois and is a member of Phi Beta Kappa. He received the 2002 Wildavsky Award for Lifetime Scholarly Achievement from the Association for Budgeting and Financial Management and the 2015 Steven D. Gold Award for Outstanding Contributions to State and Local Fiscal Policy from the National Tax Association.

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