Government Finance Review

Magazine covers financial management for state and local government through articles and commentary on best practices, management and more.

Articles from Vol. 18, No. 3, June

Calendar
JUNE June 2-5: Federation of Tax Administrators Annual Meeting. Nashville, TN. For more information, visit www.taxadmin.org. June 6-7: The Bond Buyer's 2nd Financial Innovations and Derivatives Conference. New York, NY. For more information,...
Cash Management. (from the Library)
"Electronic Bill Presentment and Payment: Is it Just a Click Away?" Alexandria Andreeff, Lisa C. Binmoeller, Eve M. Boboch, Oscar Cerda, Sujit Chakravorti, Thomas Ciesielski, and Edward Green Economic Perspectives, Fourth Quarter 2001, PP. 2-16....
Debt Management. (from the Library)
Bond Insurance as a Form of Credit Enhancement in California's Municipal Debt Market Frank Moore California Debt and Investment Advisory Commission, January 2002. Credit enhancement is becoming increasingly common in the municipal market....
E-Government Evolution: The Richardson, Texas, Experience; after Successfully Managing the Transition to E-Government, the City of Richardson, Texas, Continues to Add to Its Electronic Service Portfolio
Editor's note: Each year GFOA bestows its prestigious Awards for Excellence to recognize outstanding contributions to the practice of government finance. This article describes the 2001 winning entry in the Management and Service Delivery category....
Enterprise Risk Management: From Mitigation to Optimization. (Forum)
Having worked for a combined 35 years in and around the finance offices of major Midwest state and local governments both as clients and advisors, we can appreciate the skepticism with which finance officers must approach enterprise risk management....
Financing Economic Development: A Survey of Techniques
Economic development has evolved into an important activity for state and local governments. Understanding the various methods of financing these efforts can help governments maximize private investment in their communities. Economic development...
Improving Revenue Projections: 10 Questions-And Answers; a Systematic Approach to Revenue Forecasting Increases the Likelihood of Reliable Projections and Eliminates Some of the Mystery for Government Stakeholders
The recent budget woes of state and local governments are a testament to both the difficulty and the importance of accurately projecting revenues. Multi-year revenue forecasts play a critical role in public finance by minimizing uncertainty over future...
Managing Your Investment Program in Today's Market. (Money Management Matters)
Interest earnings from investments often are an important revenue source for governments. In today's markets, historically low interest rates make this especially difficult. Investors of public funds may be tempted to chase yield by extending maturities...
Paperless Document Recording: Saving Time and Money in Broward County; Broward County's Use of Electronic Document Recording Demonstrates How Governments Can Use Technology to Improve Operational Efficiency and Better Serve Their Customers
Editor's note: Each year GFOA bestows its prestigious Awards for Excellence to recognize outstanding contributions to the practice of government finance. This article describes the 2001 winning entry in the Technology category. Ensuring that resources...
Public Pension Plans Well-Funded. (News Briefs)
Overall, the funding ratio of public pension plans increased to more than 103 percent as of the end of 2000, according to the latest survey from the Public Pension Coordinating Council. This represents a continued increase in funding ratios since the...
ServiceArizona: Overcoming the Obstacles to E-Government. (Digital Government on the Internet)
The advent of the Internet and its explosive growth over the last decade has created demand for this electronic channel as a service medium for government transactions. As Web users have become increasingly comfortable doing business online, they also...
Slippery Corporations: How to Capture Their Wealth. (Commentary)
Big shifts in corporate taxation--federal and state--suggest the time is ripe for the radical cure some business circles have long asked for: elimination of double taxation on corporate earnings. Tax the money just once: when it reaches individuals'...
State Revenue Forecasting: An Institutional Framework
The revenue forecasting environment can be as important as the projections themselves, since credibility ultimately influences utility. The independence and transparency that characterize Minnesota's forecasting framework help keep the state's budget...
Technology for Small Governments: Ohio's Uniform Accounting Network
Responding to financial crises and accounting deficiencies caused by manual bookkeeping procedures in small governments, the Ohio Auditor of State has made automated financial systems an affordable reality for the state's 2,012 village and townships....
The Making of the Federal Budget. (Federal Focus)
In some years, the congressional budget resolution can be among the most important pieces of legislation Congress considers. In other years--this may be one--the budget resolution may not matter much at all. In fact, the common wisdom is that the Republican-controlled...
Using Competition for Performance Improvement: A Resource for Practitioners Advising Governments and Not-for-Profits. (Book Reviews)
Michael A. Crawford, CPA New York: American Institute of Certified Public Accountants, Inc. (260 pp.) Reviewed by Greg Condell, senior manager, GFOA Research and Consulting Center, Chicago, Illinois. As a public finance professional, how often...
Using Your Web Site to Enhance Bond Market Disclosure: The Proliferation of Government Web Sites Offers a Powerful Tool for Communicating Disclosure Information to the Municipal Bond Market
The Internet has fundamentally changed the way information is communicated and the way business is conducted. Governments have embraced technology in the quest to operate more efficiently and effectively and to better serve their constituents. Governments...