Improvement of financial management by local government: Computer model implementation
Author: Cichocki, Krzysztof S
Source: Journal of Organisational Transformation & Social Change, Volume 7, Number 2, November 2010 , pp. 211-237(27)
Publisher: Maney Publishing
Abstract:We develop a computerized optimization model and present its implementation for improvement of financial management at the local government (LG) level. An example of the real-life long-term budget planning and analysis, helped by the model, is presented. The analysis exemplifies good governance practice and observation of standards of efficient management in the area of long-term financial, investment and safe debt planning. These analyses also demonstrate ways of accessing maximum, feasible level of investment expenditure and maximum capacity of a municipality to borrow with all safety measures provided. The model supports informed decision-making process by LG managers, decreases the level of risk and enhances quality and transparency of governance.
Document Type: Research Article
Affiliations: Systems Research Institute, Polish Academy of Sciences.
Publication date: 2010-11-01
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