Cash Management in the US Accounting Systems

Living reference work entry
DOI: https://doi.org/10.1007/978-3-319-31816-5_3288-1

Synonyms

Definition

Cash management is the proper utilization and management of government funds in order to provide maximum levels of interrupted service in conjunction with the maintenance of substantial reserves which are continually accruing interests.

Introduction

Maintaining an adequate cash flow is vital to sustaining government services at all levels of government. The most notable expected expenses are in the forms of salaries and benefits, but additional expenses in the form of facility maintenance, equipment purchase and repair, and various types of insurance including health care, lawsuits, and risk assessment liabilities are included as well. Unfunded liabilities associated with retirements are emerging as a major funding problem for many local governments.

These factor points not only illustrate the need for a sound cash management policy, but a policy which has support components that...

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References

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  1. 1.National Coalition of Independent ScholarsSan AntonioUSA