Note:
Please read the following discussion and write 100-150 words answer of each discussion. Your answer must be proper and 100% original.
Include reference after each discussion in APA.
Discussion 01
Capital projects are large undertakings (in both time and monetary resources) for government entities and require special analysis and consideration. Find an example of a capital project in your city, county, or state to share in this discussion forum. Explain the capital project and discuss the project you highlight in relation to at least two of the points raised in Chapter 6 of your text (and listed below):
· the difficulty of specifying and measuring the benefits of government programs,
· difficulty of specifying all project costs, especially if positive or negative externalities are to be included,
· discounting future costs or benefits back to present dollars,
· dealing with the complexity of multiple objectives (how to weigh and compare objectives that are expressed in different terms), and/or
· deciding which decision criteria to use
Discussion 02
Managing public funds responsibly is a heavy task for public managers. In recent years there have been several stories of mismanagement of public funds. Read Case 15-1 in the text. Identify what procedures should have been installed and operating to prevent the losses that may have occurred. Consider in what proportion you would assign blame to the sheriff, the banking community, and public procedures, assuming the newspaper account is accurate.
Reading Resources:
1. Text Book: https://books.google.com.pk/books?id=MaAWAAAAQBAJ&printsec=frontcover&dq=Mikesell,+J.+(2011).+Fiscal+administration:+Analysis+and+applications+for+the+public+sector+(8th+ed.).+Boston,+MA:+Wadsworth,+Cengage+Learning.&hl=en&sa=X&ved=0ahUKEwj4uIfJtcbPAhVKSRoKHZ2zB_EQ6AEIITAB#v=onepage&q=Case%2015-1%20&f=false
2. Capital Budgets: http://www.buildings.com/article-details/articleid/3162/title/capital-budgets-a-step-by-step-approach.aspx
3. A Capital Budget for the Federal Government: http://www.brookings.edu/research/testimony/1998/04/24federalbudget-schultze.