Public Finance and Administration of Funds

Public finance and the proper administration of public funds is an important topic within the field of public administration. Public agencies rely on public funds for their ongoing operations. Public funds are funds that come from taxpayers. It is therefore important to make sure that these funds are properly utilized and accounted for.

For this Discussion, examine the topic of public finance and the administration of funds through an examination of the budgeting process of the Administration of Aging.

Address the following questions, making sure to support your responses from readings and research.

1.     What is the formal process through which your organization creates its budget?

2.     How are priorities established and revenues procured? What sorts of accountabilities exist to make sure that funds are utilized as intended?