powered by
Center for Curriculum and Transfer Articulation
Public Finance Administration
Course: PAD107

First Term: 2019 Summer
 Lecture   3.0 Credit(s)   3.0 Period(s)   3.0 Load  
Subject Type: Occupational
Load Formula: S - Standard Load


Description: Basic overview of public finance system for state and local government. Includes budgeting processes, revenue and funding sources involving taxes and revenue forecasting. Also covers capital planning, debt management, performance measurement, financial statements, and auditing.



MCCCD Official Course Competencies
1. Explain the public finance system for state and local government. (I)
2. Describe various stages in the public finance arena. (I)
3. Summarize the major differences between public and private finance. (I)
4. Explain the state and local budgeting process. (I, II)
5. Describe the methods of budget control. (II)
6. Explain public procurement practices. (II)
7. Describe the major tax structures and tax policies. (III)
8. Explain the revenue forecasting process. (III)
9. Summarize the capital planning process and capital projects. (IV)
10. Describe the concepts of debt management. (V)
11. Identify and describe the process for performance measurement. (VI)
12. Describe the major financial statements in the public sector. (I, II, VII)
13. Define auditing. (VIII)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.
 
MCCCD Official Course Outline
I. Public finance system
   A. Levels of government
      1. Environment
      2. Separation of powers
   B. Economy
      1. Free enterprise
      2. Economic management
   C. Stages
      1. Budgets
      2. Revenue
      3. Expenditure
      4. Evaluation
   D. Public vs. private
   E. Financial restraint
II. Budgeting
   A. Offices and their roles
      1. Agency
      2. Executive
      3. Legislative
   B. Methods
   C. Controls
      1. Expenditure limits
      2. Procurement
   D. Recommended practices
      1. Principles
      2. Balancing concepts
III. Revenues and funding sources
   A. Taxes
   B. Revenue forecasting
   C. Other sources
      1. Service charges
      2. Penalties and fines
      3. Intergovernmental revenue
      4. Debt
IV. Capital planning
   A. Capital projects
   B. Capital budgets
   C. Operating budget impacts
   D. Cost vs. benefit
   E. Financing the capital plan
V. Debt management
   A. Debt types
   B. Debt vs. deficit
   C. Debt planning
VI. Performance measurement
   A. Goal setting
   B. Objectives
   C. Measures
   D. Privatization vs. in-house government
VII. Reporting
   A. Measurement Focus and Bias of Accounting (MFBA)
   B. Trust and agency (Fiduciary) funds
   C. Internal service funds
   D. Enterprise funds
   E. Financial reporting
   F. Contemporary issues
VIII. Auditing
   A. Definition
   B. Audit type
   C. Internal controls
 
MCCCD Governing Board Approval Date: March 26, 2019

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.