Introduction and the Craft of Budgeting

1. Organizing Budget Data
Understanding the Use of a Chart of Accounts
Thinking about Budget Cuts
Understanding Accounting Codes
Using Spreadsheets to Format Data

2. Preparing the Operating Budget: The Spending Side
Analyzing New Initiatives and Budget Cuts
Thinking about Budget Cuts
Updating the Budget Base
Creating a Payroll Simulation

3. First Steps in Revenue Estimating
Basic Forecasting Concepts and Terms
Forecasting with Holt Exponential Smoothing
Making an XY Plot in an Excel Spreadsheet

4. Preparing the Capital Budget
Life-Cycle Costing
Cost-Benefit Analysis
Financing Capital Projects

5. The Financial Plan and Budget
Decision Making
The Financial Plan
Budget Balance and Budget Decision Making

6. Presenting the Budget
Integrating Budgeting with Performance
Developing a History: Expenditure
Analysis in Current and Constant Dollars
Writing Budget Justifications

7. Implementing the Budget
Creating an Operating Plan
Variance Analysis

8. Multi-Year Plans and Analysis
Multi-Year Budget Planning
Simple Tools for Analyzing
Financial Statements

Greg G. Chen teaches budgeting, accounting, and financial analysis at the School of Public Affairs, Baruch College. Previously, Chen held various positions in the provincial government of British Columbia, Canada, including Manager of Budgeting and Financial Reporting in the Department of the Ministry of Finance and Senior Policy Advisor for the Crown Agencies Secretariat in the Premier’s Office. Chen conducts research in budgeting, public and nonprofit finance, social policies, and management.

Dall W. Forsythe teaches governmental and nonprofit financial management at the Wagner School of Public Service, New York University. Forsythe has extensive management experience in the governmental, private, and nonprofit sectors, including the State of New York, the New York City Board of Education, Lehman Brothers’ public finance department, and the Episcopal Diocese of New York. Among his previous books is Memos to the Governor: An Introduction to State Budgeting.

Lynne A. Weikart has taught a public affairs course at Baruch College for more than a decade. Before her academic career, Weikart held several high-level government positions, including Budget Director of the Division of Special Education in New York City’s public schools and Executive Deputy Commissioner of the New York State Division of Human Rights. She has been the recipient of multiple awards, including the Luther Gulick Award for an Outstanding Academic. Her current research focuses upon resource allocation in urban areas, as well as the budgeting process and gender issues.

Daniel W. Williams has taught budgeting at Baruch College since 1995. His research includes forecasting and the history of public administration, particularly performance measurement and budgeting. Before his academic career, Williams spent nineteen years with the Virginia Medicaid program, including nine years as the Budget Director of the Virginia Department of Medical Assistance Services. He is currently the chairman of the budget committee of his local community board.