FISCAL ADMINISTRATION, Eighth Edition, is based on two principles: that students must understand precisely where the money for public budgets comes from; and that, to learn public finance and budgeting, students must "run the numbers." John L. Mikesell--an authority on the revenue side of public finance--gives students detailed instruction to equip them to deal with the complex issues and calculations they will encounter in the field. In most chapters, Mikesell includes questions and exercises that require calculations to get specific answers. Also included are "Cases for Discussion" and "Sidebars" that supplement the regular text with more in-depth treatment of key topics. This new edition includes the budget information from the Obama administration and the latest federal government fiscal data.
1. Fundamental Principles of Public Finance.
Part I: BUDGETING, BUDGET STRUCTURES, AND BUDGET REFORM.
2. The Logic of the Budget Process.
3. Budget Structures and Institutions: Federal and State-Local.
4. Budget Methods and Practices.
5. Budget Classifications, Systems, and Reform: Trying to Make Better Choices.
6. Capital Budgeting, Time Value of Money, and Cost-Benefit Analysis: Process, Structure, and Basic Tools.
Part II: REVENUE SOURCES, STRUCTURE, AND ADMINISTRATION.
7. Taxation: Criteria for Evaluating Revenue Options.
8. Major Tax Structures: Income Taxes.
9. Major Tax Structures: Taxes on Goods and Services.
10. Major Tax Structures: Property Taxes.
11. Revenue from User Fees, User Charges, and Sales by Public Monopolies.
12. Revenue Forecasts, Revenue Estimates, and Tax Expenditure Budgets.
13. Intergovernmental Fiscal Relations: Diversity and Coordination.
Part III: ADMINISTRATION DEBT, WORKING CAPITAL, AND PENSION FUNDS.
14. Debt Administration.
15. Managing Public Funds: Cash Management, Employee Retirement, and Sovereign Wealth Funds.