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Formula Funding Of Public Services
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Book Synopsis Formula Funding of Public Services by : Peter C. Smith
Download or read book Formula Funding of Public Services written by Peter C. Smith and published by Routledge. This book was released on 2006-09-27 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of formulae has become widespread in recent years across most developed countries. In the UK, a conservative estimate is that annually £150 billion of public service expenditure is distributed using formulae, in services such as health care, local government, social security and higher education. This book offers a comprehensive introduction to the theory and practice underlying the use of such formulae as a basis for funding public services. The philosophy, design and economic consequences of funding formulae have become key policy issues worldwide. However, till now, there has been no text which brings together the economic, statistical and political issues underlying formula funding. This key book fills that gap. Written by a leading international expert on the design of funding formulae, this important book includes empirical evidence from a range of countries and will be a valuable resource for all those involved in this field.
Book Synopsis Formula funding of local public services by : Great Britain: National Audit Office
Download or read book Formula funding of local public services written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2011-07-20 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The complexity of the formulae used by government departments to provide funding to local public bodies is partly down to the nature of the services being funded, and partly to the fact that the formulae attempt to achieve multiple objectives. The different approaches to formula funding have evolved over time, but key choices in the design and operation of the formulae remain open to question. Of the three funding arrangements on which it reports, the NAO concludes that the Department for Education and the Department for Communities and Local Government have not set out clearly, or explicitly prioritised, their multiple objectives for the design and distribution of Dedicated Schools Grant and Formula Grant. This prevents analysis of the extent to which the formulae represent the best way to satisfy objectives. Each of the formulae is grounded in an assessment of relative needs, but other aspects of their design differ. All of the funding arrangements include provisions to ensure funding stability. Stability reduces budget variation from year to year, making financial planning and stable service provision less problematic. But this has led to some local bodies being funded for extended periods significantly above or below needs-assessed levels. Population data are the biggest determinants of funding, and Departments use the most current data available. As many inputs are census-based, a quarter of those used in Formula Grant and ten per cent of those used for Primary Care Trust allocations, are based on data sources that are now ten or more years old.
Author :Great Britain: Parliament: House of Commons: Committee of Public Accounts Publisher :The Stationery Office ISBN 13 :9780215038685 Total Pages :48 pages Book Rating :4.0/5 (386 download)
Book Synopsis Formula funding of local public services by : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Download or read book Formula funding of local public services written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2011-11-16 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines existing approaches to formula funding across government, and the principles that should be carried forward to new arrangements. Government departments distributed £152 billion, one-fifth of all government spending, to local public bodies in 2011-12 based on the three grants considered: Primary Care Trust Allocations; Dedicated Schools Grant; and the Department for Communities and Local Government's Formula Grant. These distribute funding to local public bodies in a range of sectors, including health, education, local government, police and fire and rescue services. The formula funding systems are complex, difficult to understand, and have led to inequitable allocations. For Dedicated Schools Grant, based mainly on historical spending patterns, per pupil funding for schools with similar characteristics can vary by as much as 40%. Under Formula Grant, nearly 20% of authorities received allocations which are more than 10% different from calculated needs. The priorities accorded to different elements of the formulae are judgements which have a direct impact on the distribution of funds. In some cases the basis for the judgement is guided by authoritative, published independent advice. In other cases, the basis for judgement lacks transparency, and external advice lacks status and influence. Only 4% of respondents to DCLG's consultation supported the current version of the model used to calculate Formula Grant. Some of the data used by departments in calculating relative needs is inaccurate and out of date. Current reviews of formula funding provide opportunities to address the weaknesses identified in this report.
Book Synopsis Financial Management and Accounting in the Public Sector by : Gary Bandy
Download or read book Financial Management and Accounting in the Public Sector written by Gary Bandy and published by Taylor & Francis. This book was released on 2023-03-14 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of public financial management for the health and wellbeing of citizens became dramatically apparent as governments sought to respond to the coronavirus pandemic in 2020. Now, governments and other public sector organizations face the challenge of recovering from the pandemic whilst also seeking to achieve Sustainable Development Goals, with squeezed budgets and ever-increasing demands for public services. Public sector managers are confronted daily with targets and demands that are often set in confusing accounting and financial language. In Financial Management and Accounting in the Public Sector, Gary Bandy employs a clear and concise narrative to introduce the core concepts of public financial management to help those managers to deliver programmes, projects and services that are value for money. As the author puts it, managing public money is an art, not a science. This third edition has been revised and updated throughout, offering: a structure that is more clearly linked to the stages of the public financial management cycle greater coverage of transparency and accountability issues a broader view of public procurement to include goods, works and services and effective contract management; and an increased focus on public spending in the context of a post-COVID environment. With a glossary of terms to help managers understand and be understood by accountants, as well as learning objectives, discussion questions and exercises, this practical textbook will help students of public management and administration to understand the financial and accounting aspects of managing public services.
Book Synopsis Statistical Issues in Allocating Funds by Formula by : National Research Council
Download or read book Statistical Issues in Allocating Funds by Formula written by National Research Council and published by National Academies Press. This book was released on 2003-01-24 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2000, the federal government distributed over $260 billion of funding to state and local governments via 180 formula programs. These programs promote a wide spectrum of economic and social objectives, such as improving educational outcomes and increasing accessibility to medical care, and many are designed to compensate for differences in fiscal capacity that affect governments' abilities to address identified needs. Large amounts of state revenues are also distributed through formula allocation programs to counties, cities, and other jurisdictions. Statistical Issues in Allocating Funds by Formula identifies key issues concerning the design and use of these formulas and advances recommendations for improving the process. In addition to the more narrow issues relating to formula design and input data, the book discusses broader issues created by the interaction of the political process and the use of formulas to allocate funds. Statistical Issues in Allocating Funds by Formula is only up-to-date guide for policymakers who design fund allocation programs. Congress members who are crafting legislation for these programs and federal employees who are in charge of distributing the funds will find this book indispensable.
Book Synopsis Public Service Performance by : George A. Boyne
Download or read book Public Service Performance written by George A. Boyne and published by Cambridge University Press. This book was released on 2006-11-23 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher description
Book Synopsis Innovations in Financing Public Services by : S. Bailey
Download or read book Innovations in Financing Public Services written by S. Bailey and published by Springer. This book was released on 2010-07-30 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores new forms of private, mutual municipal, public-private and 'reverse' state funding of public investments, co-payments and shared contributions, vouchers, and pooled public risk-financing. It includes case studies taken from the Nordic countries, UK, Spain, Slovenia, Slovakia, Turkey and South Korea.
Book Synopsis Devolved Budgeting, Formula Funding and Equity by : David Mayston
Download or read book Devolved Budgeting, Formula Funding and Equity written by David Mayston and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A key part of the New Public Sector in the UK has been an increased use of delegated budgeting in health and education. Initiatives such as the Local Management of Schools, GP-Fundholders and the Purchaser-Provider split in the National Health Service have required resources and associated budgets to be allocated down to smaller, more local entities than previously, on the basis of an explicit funding formula. This paper examines the relative merits of such a system of devoted budgeting and formula funding compared to other possible approaches to public sector budgeting from the viewpoint of the extent to which these different approaches are likely to promote equity in the funding of public services to disadvantaged groups. The paper illustrates the issues involved by reference both the UK experience and to the impact that health care funding formulae have on one particularly disadvantaged group in an otherwise advanced economy, namely the Aboriginal population of the Northern Territory of Australia.
Book Synopsis Performance Budgeting by : M. Robinson
Download or read book Performance Budgeting written by M. Robinson and published by Springer. This book was released on 2007-08-30 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the theory and practice of performance budgeting, which aims make government more effective by linking the funding of government agencies to the results they deliver. Combining thematic studies and case studies, it clearly presents the diverse range of contemporary performance budgeting models and examines their effectiveness.
Book Synopsis Public Services Or Corporate Welfare by : Dexter Whitfield
Download or read book Public Services Or Corporate Welfare written by Dexter Whitfield and published by Pluto Press. This book was released on 2001-01-20 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains the need for public ownership and the welfare state in the face of increasing globalization.
Book Synopsis State Funding Formulae for Public Two-year Colleges by : James Lorenzo Wattenbarger
Download or read book State Funding Formulae for Public Two-year Colleges written by James Lorenzo Wattenbarger and published by . This book was released on 1973 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial Strategy for Public Managers by : Sharon Kioko
Download or read book Financial Strategy for Public Managers written by Sharon Kioko and published by . This book was released on 2017-09-07 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Strategy for Public Managers is a new generation textbook for financial management in the public sector. It offers a thorough, applied, and concise introduction to the essential financial concepts and analytical tools that today's effective public servants need to know. It starts "at the beginning" and assumes no prior knowledge or experience in financial management. Throughout the text, Kioko and Marlowe emphasize how financial information can and should inform every aspect of public sector strategy, from routine procurement decisions to budget preparation to program design to major new policy initiatives. They draw upon dozens of real-world examples, cases, and applied problems to bring that relationship between information and strategy to life. Unlike other public financial management texts, the authors also integrate foundational principles across the government, non-profit, and "hybrid/for-benefit" sectors. Coverage includes basic principles of accounting and financial reporting, preparing and analyzing financial statements, cost analysis, and the process and politics of budget preparation. The text also includes several large case studies appropriate for class discussion and/or graded assignments.
Book Synopsis Managing the New Public Services by : Daniel Farnham
Download or read book Managing the New Public Services written by Daniel Farnham and published by Springer. This book was released on 1993-02-28 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides an introduction to, and assessment of, the major organizational changes in Britain's public services since the late 1970s which have collectively been identified as the emergence of a "new managerialism".
Book Synopsis Public Services and Market Mechanisms by : Kieron Walsh
Download or read book Public Services and Market Mechanisms written by Kieron Walsh and published by Bloomsbury Publishing. This book was released on 1995-05-10 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The introduction of market mechanisms and a new public management are transforming government and public service throughout the world. Drawing on the experience of a number of countries but focusing, in particular, on the UK where change has progressed furthest and on the broadest front, this is the first comprehensive account of the impact of a whole range of innovations such as charging, contracting, internal markets and the creation of devolved agencies.
Book Synopsis The Formula Grant Program by : National Institute on Alcohol Abuse and Alcoholism (U.S.)
Download or read book The Formula Grant Program written by National Institute on Alcohol Abuse and Alcoholism (U.S.) and published by . This book was released on 1977 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis New Directions for the Nation's Public Works by :
Download or read book New Directions for the Nation's Public Works written by and published by . This book was released on 1988 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Funding Public Schools in the United States, Indian Country, and US Territories by : Philip Westbrook
Download or read book Funding Public Schools in the United States, Indian Country, and US Territories written by Philip Westbrook and published by IAP. This book was released on 2023-05-01 with total page 910 pages. Available in PDF, EPUB and Kindle. Book excerpt: The National Education Finance Academy has once again convened university faculty members, state-level administrators, officials from state level chapters of the Association of School Business Officials, and others to provide a single-volume reference of school funding mechanisms for each of the states, the District of Columbia, Indian Country, and the US territories. This volume supplements the annual “state-of-the-state” profiles produced by the National Education Finance Academy so that educators, policymakers, and researchers can have access to accurate and concise information on how K12 education functions are supported across multiple jurisdictions. In addition, each profile addresses state level efforts to provide education funding to support schools during the COVID- 19 pandemic. The second edition expands upon groundbreaking work in the first edition, which for the first time reported comprehensively on the multiple jurisdictions and mechanisms impacting funding for Native American students, by also reporting on policies and funding mechanisms for public schools in US Territories.
