Fiscal management, fiscal responsibility (C) pacquiao et.Al

1. Fiscal Management

2.  is the process of keeping an organization
running efficiently within its allotted
 refers to within a
government entity
 involves a variety of tools, including budget
spreadsheets, accounting software, and
guides
outlining procedures for department
management

3. Fiscal Expenditures For an
Educational Institution
o buying and maintaining property
o supplying electrical power
o educating instructors
o emergency vehicles
o Uniforms
o advanced training for emergency
services professionals

4. Poor Fiscal Management
- indicated by a lack of record-keeping and
unnecessary or unplanned expenditures that
can cause a department to go over budget or
fail to meet its objectives
Good Fiscal Management
- involves recording all fiscal transactions in a
checks-and-balances system that reduces
mistakes or omissions that might lead to
surprise budget overages

5. What is
Fiscal
Responsibility?

6. affordabl
e
sustainabl
e
responsibl
e
stable

7. Four main tests of
Fiscal Responsibility
Living within our means
A capital projects plan
Using financial resources wisely
Communicating with the public

8. Fiscal Responsibility
It means “the federal debt is decreasing.”
It means “the federal budget is balanced.”
It means “the debt ratio is on target and
sustainable.”
It means “the U.S. dollar is steady and the
economy is strong.”