Pa 303 Government Finance
UOG
Joe T. San Agustin, Adjunct Instructor
COURSE OUTLINE
1. Course Objective:
The purpose of this Course is to introduce the class participants to the ways and
means of financing public services at the most economical ways at the least cost
to the taxpaying public. Class participants will be exposed to the many
disciplinary process in budgeting and accounting for public resources as such
resources are used for the general public benefits. Class participants will
discussed the process undertaken to translate the political objectives of our elected
leaders into a political document, commonly recognized as the Budget document
itself. Even though some fiscal policies are more akin to all levels of
governments from the municipal to the State/National Government, local
government finances will be utilized as the laboratory site for this learning
experience. Throughout the Course, several sessions will be devoted to the
particular characteristics of government finance administration and practices
within the Territorial Government of Guam, and in comparison with County, City
and or State Governments as well as with the various government entities located
within the surrounding Pacific Insular Governments.
2. Textbook
Fiscal Administration: Analysis and Application for the Public Sector, by John L.
Miskesell.
Public Budgeting Systems. 8th Edition. by Robert Lee, Jr; Ronald W. Johnson &
Philip G. Joyce (Jones & Bartlett Publishers)
Additional readings from Class Materials handouts, related journal articles,
government documents as provided.
3. Class Schedule
See Class Schedule follows
4. Assignments:
A. There will be at least four (4) Team established, consisting of a minimum
of five students responsible for preparing a term paper covering a specific:
Pa 303 Government Finance
UOG
Joe T. San Agustin, Adjunct Instructor
(1) Budget instrument or financial plan to finance a specific
functional area of governments, agency or an organizational
components; and to
(2) Include the step-by-step process from evolution to its final
disposition.
B. Complete all reading assignments.
C. Present an oral and written team report on the subject matter selected in
“A” above.
5. Course Methodology and Approach
A. Use the Textbook as the Guidebook
B. Class presentations
C. Presentations by Guest Speakers, etc.
6. Course Evaluation Format
A. Mid-Term Examination
45%
B. Class Participation
15%
C. Oral and Written Presentation
40%
Final Examination-- optional
7. Broad Course Objectives
A. To introduce students to the budgetary process and its execution
Pa 303 Government Finance
UOG
Joe T. San Agustin, Adjunct Instructor
B. To follow and discuss the audit trail of fiscal administration as the means
of achieving public accountability of government (public) funds
C. To trace and appreciate the political role and relationship of the varying
aspects of public finance administration
D. To recognize and to understand the transformation of the budget document
as the political objectives of the political leaders in office.
8. Teaching Methods
A. Lecture, discussion and student reports
B. Guest Speakers on a specific topic may be invited.
NOTATIONS;
PLEASE NOTE THAT THIS CLASS PA303 DEALS PRIMARILY WITH
BUDGETING/PUBLIC FINANCE AS A PROCESS OF GOVERNMENT
ACCOUNTABILITY. STRICK ADHERENCE SHOULD BE ON THE
PROCESS/PROCEDURAL STEPS-BY-STEPS TO REFLECT THE
TRANSFORMATION OF THE DESIRES OF OUR POLITICAL LEADERS, VOTING
ELECTORATE, AND THE GENERAL PUBLIC INTO AN ACCOUNTABLE AND
AUDITABLE DOCUMENT.
IN ORDER TO OBTAIN MAXIMUM BENEFITS, THE COOPERATION AND
ASSISTANCE OF EVERY CLASS PARTICIPANT WILL BE REQUIRED
THROUGHOUT THE COURSE, INCLUDING PUNCTUALITY IN MEETING
ESTABLISHED DEADLINES AND ATTENDANCE.
THEREFORE, (IN KEEPING WITH ACCEPTABLE LEARNING EXPEREINCES,)
A HEALTHY DIALOGUE OF EXCHANGE DISCUSSIONS WILL BE
ENCOURAGED.
Pa 303 Government Finance
UOG
Joe T. San Agustin, Adjunct Instructor
CLASS SCHEDULE
January 25
INTRODUCTION TO PUBLIC BUDGETING AND
PERPECTIVES; DISCUSSION OF CLASS PROJECTS
ANALYSIS OF THE FINANCIAL POSITION OF THE
GOVERNMENT OF GUAM
HISTORICAL DISCUSSION: HOW DID GOVGUAM
GETS TO BE TOO BIG?
PUBLIC ADMINISTRATION VS. FISCAL POLICY
February 1
A. ROLE OF PUB LIC FINANCE
B. KEY GOVERNMENT AGENCIES IN BUDGETING
1. GOVERNOR'S FISCAL POLICY COMMITTEE
2. BUREAU OF BUGET AND MANAGEMENT
3. DEPARTMENT OF ADMINISTRATION
4. DEPARTMENT OF REVENUE AND
ADMINISTRATION
5. GUAM ECONOMIC & COMMERCE DEV'LP
February 8
TAX EXPENDITURE BUDGET; COMPONENTS OF
Pa 303 Government Finance
UOG
Joe T. San Agustin, Adjunct Instructor
February 15
WHAT IS THE BUDGET?
1. Expression of Public Policy
2. Financial Plans
3. Political Leader’s Priority
4. Detailed Listing of Revenues and Expenditures
5. Budget Cycles
WHO PAYS? TYPES OF REVENUES; GENERAL
TAXES; FEES; USER FEES; ETC.
THE BUDGET PROCESS. WHAT DO WE MEAN BY
FOUR PHASES OF BUDGET DEVELOPMENT:
1. Budget Formulation
2. Adoption
3. Execution
4. Auditing – Program Evaluations
February 22
March 1
March 8
DISCUSSION OF REVENUE ADMINISTRATION
AND COLLECTION- (GUEST SPEAKER)
-
Class Excused to Pursue Research / Get Team Members to
agree on specific topics for Research.
BUDGETARY RELATIONSHIP WITH AND WITHIN
THE LEGISLATIVE BRANCH –OVERSIGHT RESPONSIBILITY FO THE SUBSTANTIVE COMMITTEE
THE SPEAKER; MINORITY MEMBERS
Pa 303 Government Finance
UOG
Joe T. San Agustin, Adjunct Instructor
BUDGETARY – AUDITING- ROLE OF THE
PUBLIC AUDITOR; INTEREST GROUPS; THE
GENERAL PUBLIC; ET AL
March 15
TYPES- KINDS- OF BUDGET PRESENTATIONS
1. Line Item
2. Program Budgeting
3a. Zero- Based Budgeting
3. Cost –Based Budgeting
4. Performance Based Budgeting
5. Long Term Budgeting
6. Capital Improvement Budget
March 22
BUDGET EXECUTION AND CONTROL
March 29
NO CLASS- SPRING BREAK (March 24-29)
April 5
DEBT ADMINISTRATION; ISSUANCE OF
PUBLIC DEBT; LIMITATIONS; TYPES OF DEBTS
BUDGETING FOR OVERHEAD COSTS, FRINGE
BENEFITS, RETIREMENT, MEDICAL, DENTAL
AND LIFE INSURANCE FOR GOVERNMENT
EMPLOYEES
April 12
April 19
TRANPARENCY IN THE BUDGET PROCESS;
IMPROVING GOVERNMENT PERFORMANCE THRU
COMPETITION:
Pa 303 Government Finance
UOG
Joe T. San Agustin, Adjunct Instructor
1.
2.
3.
4.
April 26
May 3
May 10
.
Types of Privatization
Outsourcing of Functions
Candidates for Privatization / Outsourcing
Procedures for a Successful Privatization / Outsourcing
REVIEW FOR FINAL EXAMINATIONS--Term Paper
due.
FINAL EXAMINATIONS - OPEN BOOK EXAM
(MUST USE BLUE BOOK BOOKET TO RESPONSE
TO EXAMINATIONS)
LAST DAY OF CLASS--