Abstract
Budgets are important as a means of controlling municipal expenditures and identifying revenues. Their structure, the information they provide, and their importance in decision-making has grown significantly. When properly designed, they contribute to the accountability and transparency of the overall municipal finance system and reduce the possibility of corruption and misappropriation of funds. Central to budget making is the role of municipal accounting. Three bases are used—cash accounting, accrual accounting and modified accrual accounting. Recently, most countries have moved to full accrual accounting or a version of it. This provides local decision-makers with the best information for making efficient and effective decisions in managing municipal budgets.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Amborski, David. 2013. The Context of Municipal Borrowing in Canada. A Presentation at the Institute of Municipal Finance and Governance, University of Toronto, 2013. Available at http://munkschool.utoronto.ca/imfg/resources/. Accessed 7 July 2019.
Dachis, Benjamin. 2018. A Roadmap to Municipal Reform: Improving Life in Canadian Cities. Toronto: CD Howe Institute.
Dafflon, Bernard. 2018. Returning to the Golden Rule of Balanced Budgets: Institutional and Political Economy of Restricting Public Deficits and Debt. IMFG Papers on Municipal Finance and Governance Series, University of Toronto, No 39. Available at http://munkschool.utoronto.ca/imfg/resources/
Gilbert, M., and R. Pike. 1999. Financing Local Government Debt in Canada: Pooled Versus Stand-Alone Issues – An Empirical Study. Canadian Public Administration 42: 529–552.
Government Accounting Standards Board (GASB). 2001. New Rules for Reporting Infrastructure Information Enacted for State and Local Governments. Available at www.rutgers.edu/Accounting/raw/gasb/repmodel/infrastructure.html
Holder, William W. 1996. Financial Accounting, Reporting and Auditing. In Management Policies in Local Government Finance, ed. J. Richard Aronson and Eli Schwartz, 4th ed., 169–200. Washington, DC: International City Management Association.
International City/County Management Association (ICMA). 2000. GASB: What It Means For You, Service Report, Vol. 332, No. 12. Washington, DC: International City/County Management Association.
Johnson, L.E., and D.R. Bean. 1999. GASB Statement No. 34: The Dawn of a New Governmental Financial Reporting Model. The CPA Journal. Available at archives.cpajournal.com/1999/1299/f141299a.html
Office of the Controller and Auditor General of New Zealand. 1999. Reports to Parliament, Second Report for 1999.
Pallot, June. 2001. Local Government Reform in New Zealand: Options for Public Management as Governance. A Paper Presented at the 1998 International Public Management Network Conference, Salem, Oregon. Available at http://www.impuma.net/research/papers/salem
Reny, Robert A. 1983. Municipal Accounting. In Budget Management, ed. Jack Rabin et al. Athens: Carl Vinson Institute of Government.
Riley, Susan L., and Peter W. Colby. 1991. Practical Government Budgeting. Albany: State University Press.
Schaeffer, Michael. 2000a. Municipal Budgeting. Washington: DC: World Bank Background Series, April.
———. 2000b. The Budget and Public Sector Performance. Washington, DC: World Bank, March.
Slack, Enid. 2002. Municipal Finance and The Pattern of Urban Growth. In Commentary. Toronto: C.D. Howe Institute.
Solano, Paul L., and Marvin A. Brams. 1996. Budgeting. In Management Policies in Local Government Finance, ed. J. Richard Aronson and Eli Schwartz, 4th ed., 125–168. Washington, DC: International City Management Association.
Strategic Alternatives et al. 2001. Financing Water Infrastructure. Issue Paper 14 Commissioned by the Walkerton Inquiry, Toronto, Ontario.
Tassonyi, Almos. 2002. Municipal Budgeting. Canadian Tax Journal 50 (1): 181–198.
Weist, Dana. 2002. Borrowing and Capital Financing. A Power Point Presentation on Intergovernmental Fiscal Relations in East Asia, ASEM Sponsored Workshop (World Bank), Bali.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2020 The Author(s)
About this chapter
Cite this chapter
Dollery, B., Kitchen, H., McMillan, M., Shah, A. (2020). Municipal Budgeting and Accounting. In: Local Public, Fiscal and Financial Governance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-36725-1_4
Download citation
DOI: https://doi.org/10.1007/978-3-030-36725-1_4
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-36724-4
Online ISBN: 978-3-030-36725-1
eBook Packages: Economics and FinanceEconomics and Finance (R0)