School of Public, Nonprofit and Health Administration

Undergraduate Specialty: Public and Nonprofit Budgeting and Finance

Budgeting and Finance are closely related sub-fields within public and nonprofit administration. Finance refers to the raising and spending of funds and the management of debt. It encompasses taxation, the bond market, insurance, and portfolio management. Budgeting is the analytical and political process by which moneys are allocated for specific purposes. As such, budgeting is the single most important decision making process in the public sector. Budgeting procedures also serve as a vital mechanism to hold agency personnel accountable for their expenditures. For these reasons, budgeting skills are highly advantageous to those seeking careers in the public or nonprofit sectors.

Preparing for a career in Public and Nonprofit Budgeting and Finance involves building a strong background in:

  • budgeting as an instrument of planning and control
  • developing and enforcing procedures to insure fiscal accountability
  • writing grant proposals and requests for proposals
  • making financial decisions

PA 375 Budgeting and Financial Administration provides instruction in raising revenue, determining expenditure levels, executing programs and expending funds within the public and nonprofit sectors of the economy. It covers both the politics and the management of budgeting and fosters a sense of integrity and professionalism in the conduct of budgetary and financial analysis. Those students seeking to distinguish themselves in budgeting and finance should seek to develop knowledge of economics, skills in accounting, familiarity with grant writing and experience with spreadsheet software. The Public and Nonprofit Budgeting and Finance specialty offers Public Administration majors an opportunity to build this background. In addition to PA375, students desiring recognition for this specialty must complete at least three of the following courses:

  • ECO 210--Principles of Macroeconomics
  • ECO 211--Principles of Microeconomics
  • ACC 212--Principles of Financial Accounting
  • ACC 213--Principles of Managerial Accounting
  • CS 231--Problem Solving Using Spreadsheets
  • FIN 331--Risk and Insurance
  • PA 335--Grant Writing

Page last modified February 22, 2011