Management Policies in Local Government Finance

Government Structure

Chapter number: 3

Summary from


"Management Policies in Local Government Finance, Sixth Edition offers the up-and-coming chief financial officer a thorough grounding in all the principles of financial management, as well as a review of the financial policies and practices used by local governments in the United States today. 

The sixth edition takes a broader, more comprehensive approach rooted firmly in an understanding that the principal challenges of contemporary financial management are:

  • Executing, evaluating, and, when necessary, changing existing financial policies and procedures
  • Anticipating and, where appropriate, ameliorating conflict over future decisions
  • Presenting complex financial information to different stakeholders in intuitive, simple, and comprehensive ways
  • Understand debt management and bond sales
  • Deciding when and how to engage new stakeholders in the financial management process."