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NCJ Number: 64181 Find in a Library
Title: WATCHING AND COUNTING - A SURVEY OF STATE ASSISTANCE TO AND SUPERVISION OF LOCAL DEBT AND FINANCIAL ADMINISTRATION
Author(s): J E PETERSEN; L A COLE; M L PETRILLO
Corporate Author: National Conference of State Legislatures
United States of America
Date Published: 1977
Page Count: 83
Sponsoring Agency: National Conference of State Legislatures
Denver, CO 80202
National Science Foundation
Arlington, VA 22230
National Technical Information Service
Springfield, VA 22151
Grant Number: APR7517227
Sale Source: National Technical Information Service
US Dept of Commerce
5285 Port Royal Road
Springfield, VA 22151
United States of America
Type: Survey
Language: English
Country: United States of America
Annotation: THE PRINCIPAL FOCUS OF THIS STUDY IS ON HOW STATES ASSIST LOCAL GOVERNMENTS IN THE MANAGEMENT OF THEIR DEBTS, SINCE LOCAL GOVERNMENT FISCAL PROBLEMS ARE USUALLY CONNECTED WTH THE SALE OF DEBT TO THE INVESTING PUBLIC.
Abstract: LOCAL GOVERNMENT CAN BE VIEWED AS COMPLEX AND INTERLOCKING FINANCIAL ENTITIES FOR WHICH THE ACT OF BORROWING IS ONLY ONE PART OF THE DECISIONMAKING PROCESS. THUS, SUPPORTING THEMES IN THIS REPORT ARE REVIEWS OF EXISTING STATE MECHANISMS TO SUPERVISE, MONITOR, AND ASSIST LOCAL GOVERNMENT BUDGETING, ACCOUNTING, AND AUDITING PRACTICES. MOST OF THE INFORMATION WAS GLEANED FROM A SERIES OF SURVEYS COUDUCTED IN LATE 1975 AND 1976 BY THE MUNICIPAL FINANCE OFFICERS ASSOCIATION AND THE NATIONAL CONFERENCE OF STATE LEGISLATURES. STATE INVOLVEMENT IN LOCAL GOVERNMENT BORROWING PRACTICES RANGES FROM THE TRADITIONAL LEGAL CONSTRAINTS PLACED ON LOCAL INDEBTEDNESS AND ISSUING PRACTICES THROUGH AFFIRMATIVE PROGRAMS DESIGNED TO PROVIDE INFORMATION, ASSISTANCE, AND DETAILED GUIDANCE IN LOCAL BORROWING DECISIONS. IN ADDITION, MORE GENERAL INVOLVEMENT OF STATES IN OVERALL LOCAL GOVERNMENT FINANCIAL MANAGEMENT IS ILLUSTRATED WITH EXAMPLES OF DIVERSE STATE PROGRAMS IN NORTH CAROLINA, VIRGINIA, LOUISIANA, OREGON, AND OTHERS. VARIOUS STATE REQUIREMENTS AND SUPERVISORY ACTIVITIES AS THEY RELATE TO LOCAL GOVERNMENT BUDGETING ARE INVENTORIED AND DESCRIBED. STATE REGULATIONS OF LOCAL GOVERNMENT ACCOUNTING, AUDITING, AND REPORTING PRACTICES ARE NOTED, AND STATE ASSISTANCE TO LOCAL GOVERNMENTS IN FINANCIAL EMERGENCIES AND OVERSIGHTS OF SHORT-TERM BORROWING ARE REVIEWED. THE COLLECTED DATA ARE ORGANIZED AND PRESENTED IN SEVEN TABLES ARRANGED IN AN EASILY READABLE MANNER FOR A STATE-BY-STATE COMPARISON. APPENDIXES SHOW A FULL STATE-BY-STATE SUMMARY, A DIRECTORY OF THE RESPONDENTS TO THE QUESTIONNAIRES, A LISTING OF AGENCIES INVOLVED IN THE STATE COLLECTION AND DISSEMINATION OF LOCAL GOVERNMENT FINANCIAL INFORMATION, AND TWO QUESTIONNAIRES ON WHICH DATA WERE BASED. (MRK)
Index Term(s): Budgets; Financial management; Local government; Public administration; State government; State planning agencies; State-by-state analyses
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=64181

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