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Financial Management for Human Service Administrators

by: Martin, Lawrence L.

Financial Management for Human Service Administrators

by: Martin, Lawrence L.

ISBN 13:
9780321049490
ISBN 10:
0321049497
Edition: 1st
Format: Paperback
Copyright: 08/22/2000
Publisher: Pearson

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Summary

This comprehensive financial management book is designed to help future or current human services or social work administrators manage programs and agencies more effectively.The book includes information on various budgeting systems (line-item, performance, and program) and other financial management tools, including program structures and responsibility centers; financial accounting and the interpretation and analysis of financial statements; the forecasting of revenues, expenses, and caseloads; service costing and the linking of costs to performance (output, quality, and outcome) measures; fee setting; government contracts, and more.For anyone interested in financial management for human services, social work, or nonprofit organizations.

Preface

The Importance of Financial Management

(9)

What Is Financial Management?

(1)

Why Financial Management Is Important Today

(5)

The Maturation of the Human Services

(1)

Societal Productivity and Economic Growth

(1)

The Accountability Movement

(1)

Competition

(1)

The Contract Environment

(1)

Managed Care

(1)

Maintaining Stakeholder Trust and Confidence

(1)

The Nature of Nonprofit Organizations

(1)

The Nature of Service Organizations

(1)

Advances in Computers and Information Technology

(1)

Adopting a Financial Management Perspective

(1)

Financial Management Concepts, Principles, and Tools

(1)

Summary

(1)

Programs, Program Structures, Program Managers, and Responsibility Centers

(9)

The Identification of Programs

(1)

What Is a Program?

(1)

The Creation of a Program Structure

(1)

The Assignment of Program Managers

(1)

The Designation of Responsibility Centers

(3)

Expense Centers

(1)

Revenue Centers

(1)

Profit Centers

(1)

Investment Centers

(1)

Multiple-Responsibility Centers

(1)

Summary

(1)

Exercise

(3)

Understanding Financial Statements

(18)

Generally Accepted Accounting Principles (GAAP)

(1)

Internal Revenue Service (IRS) Status

(1)

Financial Statements

(1)

Types of Financial Statements

(1)

Phoenix Specialized Transportation Services (STS)

(1)

The Statement of Activities

(6)

Assets

(1)

Liabilities

(1)

Net Assets

(1)

Revenues

(1)

Expenses and Expenditures

(1)

Accounts Receivable

(1)

Accounts Payable

(1)

Cash and Accrual Accounting

(1)

Permanently Restricted

(1)

Temporarily Restricted

(1)

Unrestricted

(1)

The Statement of Financial Position

(2)

The Basic Accounting Formula

(2)

Current and Noncurrent Assets and Liabilities

(1)

The Statement of Cash Flows

(2)

The Statement of Functional Expenses

(1)

The Internal Revenue Service (IRS) Form 990

(3)

Summary

(1)

The Basics of Accounting

(18)

Some Basic Accounting Terms

(2)

The Portland After School Program

(13)

Computing the Trial Balance

(1)

Closing the Revenue and Expense Accounts

(2)

Preparing the Financial Statements

(5)

Summary

(1)

Exercises

(3)

Financial Analysis

(10)

Financial Analysis Ratios

(4)

The Current Ratio

(1)

The Long-Term Solvency Ratio

(1)

The Contribution Ratio

(1)

The Programs/Expense Ratio

(1)

The General and Management/Expense Ratio

(1)

The Fund-Raising/Expense Ratio

(1)

The Revenue/Expense Ratio

(1)

Monitoring Ratios over Time

(2)

Summary

(1)

Exercises

(4)

Performance Measures

(11)

Performance Measurement Defined

(1)

The Major Performance Measurement Initiatives

(3)

The Government Performance and Results Act (GPRA)

(2)

Service Efforts and Accomplishments (SEA) Reporting

(1)

U.S. General Accounting Office (GAO)

(1)

Output, Quality, and Outcome Performance Measures

(2)

Output Performance Measures

(1)

Quality Performance Measures

(1)

Outcome Performance Measures

(1)

Characteristics of Good Performance Measures

(2)

The Use of Performance Measures in Financial Management

(1)

The Houston Home Care Agency

(1)

Summary

(1)

Budgeting and Budget Systems

(16)

Major Budgeting Systems and The Systems Model

(2)

Line-Item Budgeting Systems

(7)

Developing a Line-Item Budget

(1)

Balancing an Unbalanced Line-Item Budget

(3)

Major Advantages and Disadvantages of Line-Item Budgeting

(1)

Monitoring a Line-Item Budgeting System

(2)

Performance Budgeting Systems

(2)

Advantages and Disadvantages of Performance Budgeting Systems

(1)

Program Budgeting Systems

(2)

Advantages and Disadvantages of Program Budgeting Systems

(1)

Monitoring Performance and Program Budgeting Systems

(1)

A Comprehensive Budgeting System

(2)

Summary

(1)

Cost Analysis

(26)

Prerequisites for Using Cost Analysis

(1)

The Cost Analysis Process

(1)

Identifying Direct and Indirect Costs

(3)

Assigning Direct Costs to Programs and Indirect Costs to the Indirect Cost Pool

(2)

Allocating Indirect Costs to Programs

(1)

Cost Allocation Using Total Direct Costs

(1)

Determining the Total Cost of Each Program

(2)

Computing Cost Per Output (Unit of Service) and Cost Per Outcome

101

(2)

Allocating Indirect Costs Using Salaries and Wages

103

(4)

Allocating Indirect Costs Using Direct Labor Hours

107

(2)

Which Cost Allocation Method Is Best?

109

(3)

Prospective Cost Analysis Versus Retrospective Cost Analysis

112

(1)

Program Line-Item Budgets

113

(1)

Summary

113

(2)

Exercises

115

(3)

Forecasting

118

(14)

Some Basic Forecasting Rules of Thumb

119

(1)

Simple Moving Averages

120

(2)

Weighted Moving Averages

122

(1)

Exponential Smoothing

123

(1)

Time Series Regression

124

(5)

When to Use Which Forecasting Technique

129

(1)

Summary

130

(1)

Exercises

130

(2)

Differential Cost Analysis

132

(17)

Some Concepts and Definitions

132

(1)

Fixed Costs and Variable Costs

132

(3)

Step Costs

134

(1)

Maximum Efficiency and Surplus Capacity

135

(1)

Break-Even Analysis

135

(1)

New River Community Council Case Example

136

(3)

Profitability Analysis and Marginal Pricing

138

(1)

Westchester Home-Delivered Meals (WHDM) Program

139

(3)

Decrease/Discontinue Decisions

142

(3)

Summary

145

(1)

Exercises

145

(4)

Setting Fees

149

(12)

Some Major Fee Setting Issues

149

(5)

Direct and Indirect Costs

150

(1)

Depreciation and Use Allowance

151

(1)

Unallowable Costs

151

(1)

Profit Margins

152

(1)

Fixed and Variable Costs

152

(1)

Break-Even Points

153

(1)

Market Prices

154

(1)

Variable Fee and Sliding Fee Schedules

154

(1)

Government Benefits Seminar Case Example

154

(4)

Summary

158

(1)

Exercises

158

(3)

Government Contracts and Grants

161

(13)

Contracts, Grants, and Cooperative Agreements

161

(2)

Sources of Information about Government Contracts, Grants, and Cooperative Agreements

163

(3)

Types of Procurements

166

(4)

The Request for Proposals (RFP)

167

(1)

The Invitation for Bids (IFB)

168

(2)

Types of Contracts

170

(3)

Cost Reimbursement Contracts

170

(1)

Performance Contracts

170

(2)

Capitated (Managed Care) Contracts

172

(1)

Summary

173

(1)

Fund Development

174

(13)

Foundation Grants

174

(1)

Types of Foundations

175

(3)

Family Foundations

175

(1)

Corporate (Business) Foundations

176

(1)

General Interest Foundations

176

(1)

Special Interest Foundations

176

(1)

Community Foundations

176

(2)

Finding Out about Foundations

178

(1)

United Way of America Membership

178

(2)

Other Traditional Fund Development Approaches

180

(2)

Annual Campaigns

180

(1)

Special Events

180

(2)

Client Donations

182

(1)

Entrepreneurial Fund Development Approaches

182

(4)

Affinity Marketing

182

(1)

Bequest Programs

183

(1)

Life Income Programs

184

(1)

Commercial Ventures

184

(2)

For-Profit Corporate Subsidiaries

186

(1)

Summary

186

(1)

Risk Management

187

(11)

What Is Risk Management?

187

(2)

Major Risk Management Issues Areas

189

(8)

Insurance Issues

189

(1)

Governing Board Issues

190

(1)

Human Resource Management Issues

191

(2)

Basic Internal Financial Control Issues

193

(2)

Workplace Hazard Issues

195

(1)

Volunteer Liability Issues

195

(1)

Records Management Issues

196

(1)

Summary

197

(1)

Auditing

198

(11)

Sources of Auditing Standards, Cost Policies, and Financial Management Requirements

198

(3)

American Institute of Certified Public Accountants

199

(1)

Comptroller General of the United States (General Accounting Office)

200

(1)

Office of Management and Budget (OMB)

200

(1)

Code of Federal Regulations

200

(1)

Types of Auditors

201

(1)

Types of Audits

202

(5)

Pre-Audits

203

(1)

Financial Audits

203

(2)

Program-Specific Audits

205

(1)

Grant and Contract Audits

205

(1)

Performance Audits

206

(1)

Single Audits

206

(1)

Selecting an External Auditor

207

(1)

Summary

208

(1)

Appendix Sources of Financial Management Information on the World Wide Web(WWW)

209

(3)

References

212

(4)

Index

216

Amazon no longer offers textbook rentals. We do!

Financial Management for Human Service Administrators

Financial Management for Human Service Administrators

9780321049490

0321049497

Summary

Table of Contents

Supplemental Materials

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