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Capital Budgeting and Finance A Guide for Local Governments

ISBN-10: 0873261887

ISBN-13: 9780873261883

Edition: 2nd 2009

Authors: Justin Marlowe, William C. Rivenbark, A. John Vogt

List price: $110.00
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Description:

A updated on the 2004 current, comprehensive, and detailed how-to manual for planning and financing successful captial projects. Practical planning guide creating 'shovel-ready' plans. (replaces ISBN 0-87326-144-5)
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Book details

List price: $110.00
Edition: 2nd
Copyright year: 2009
Publisher: International City/County Management Association
Publication date: 12/1/2009
Binding: Hardcover
Size: 7.75" wide x 10.50" long x 0.75" tall
Weight: 2.222
Language: English

Justin Marlowe is assistant professor of public affairs at the Daniel J. Evans School of Public Affairs at the University of Washington. He was previously on the faculty of the Department of Public Administration at the University of Kansas and served as analyst with the Council of State Governments. His research on public budgeting and finance, accounting, citizen participation and trust in government and other topics has been published in Public Budgeting and Finance, Journal of Public Administration Research and Theory, Municipal Finance Journal, Public Administration Review, International Journal of Public Administration and other journals. In 2007 he received the Jesse Burkhead Award for best article published in Public Budgeting and Finance. He has written two books including, "Management Policies in Local Government Finance," 6th Edition that will be published in 2010. He received his PhD in political science from the University of Wisconsin-Milwaukee in 2004.

Note to the Reader
Foreword
Acknowledgments
Setting the Stage
Capital budgeting: Rationale, scope, policy, and process
Rationale for capital budgeting
Definition of capital expenditures
Policy framework for capital budgeting
A comprehensive model of capital budgeting
Summary
Capital improvement program
Definition of a capital improvement program
Purposes of a capital improvement program
Characteristics of a capital improvement program
Contents of a capital improvement program
Needs assessment
Issues of preparation and approval
Financial condition analysis
Financial forecasting
Summary
Planning for Capital Investment
Evaluation and prioritization of capital assets
Evaluation of capital projects
Prioritizing capital projects
Summary
Public-private partnerships
Types of public-private partnerships
Public-private partnership structures and arrangements
Evaluating public-private partnership opportunities
Planning and policy tools
Financing public-private partnerships
Accountability in public-private partnerships
Summary
Financing Capital Assets
Capital financing strategy
Foundation for capital financing
Pay-as-you-go capital financing
Debt financing
Public-private partnerships and economic development
Outside capital financing
Summary
Pay-as-you-go capital financing
Advantages of pay-as-you-go capital financing
Disadvantages of pay-as-you-go capital financing
Revenues and fund balances
Capital reserves
Charges to property
Federal and state grants
Summary
Debt options
Security pledged for debt
General obligation bonds
Revenue bonds
Lease financing of capital assets
Special obligation debt
Summary
Planning, structuring, and selling debt
Bond ratings and the rating process
Planning and structuring debt
Interest rates, yields, and pricing
Selling local government debt
Summary
Conclusion
Implementation, oversight, and evaluation
Authorizing projects and appropriating money
Managing project changes and change orders
Evaluating capital budget and capital improvement program implementation
Summary
Glossary
Index