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Municipal Financial Management

Projected outlook for some certified Business Analysis experts:

876,300Number of Jobs, 2018

$83,610Median Pay per year, 2018

14%Job Growth, 2018-2028 (FYI - 5% is average)

*U.S. Department of Labor, Bureau of Labor Statistics, Occupational Outlook Handbook – Management Analysis

The Municipal Financial Management Program prepares current and future government leaders who assume major management responsibilities at the local level. This Program is intended to provide students with a foundation for executive leadership positions in local government administration, budget offices, and legislative fiscal offices.

The Program will be comprised of six courses and a mandatory capstone presentation. The program consists 32 hours of virtual instruction delivered in 8 weeks.

Courses Offered

Local government finance includes a myriad of interdependent fiscal policies and practices that are ultimate utilized to fund municipal expenditures. Students will examine the complex structure that comprises California local government finance historical, presently, and in the future. Case studies will provide a foundation for practitioners working in various disciplines of local government.
  1. Explore and compare the revenue streams related to local government.
  2. Examine the institutional framework of local government finance in California
  3. Review current crises facing local government finance and explore options for the future.
Acquaints the student with the full budget cycle, with special emphasis on the budget's role as a tool for effective municipal management. Legal requirements concerning the adoption and execution of the official budget are examined, with particular attention to the roles of various municipal officials and the administrative techniques involved. Preparation of departmental budget requests, budget review and cuts, revenues and appropriations, and new budget techniques are covered. Attention also is given to the flexible chart of accounts. Accounting and auditing principles are briefly discussed. Students are encouraged to relate the coursework to their current practical budget problems.
Covers key concepts and principles of municipal debt, including but not limited to amortization, bond math, debt service, debt structure, and yield. The course will cover financing options:
  • define short-term and interim financing options for capital financings and cash flow purposes, while also addressing current economic conditions influencing cash flows and the short-term market
  • long-term debt financing options including general obligation bonds (GO)
  • certificates of participation (COPs)
  • revenue bonds
  • among other types of long-term debt

The course will also address repayment sources, use of bond proceeds, legal limitations, bond authorizations, marketability, and best practices associated with each of these financing options.

A sound program for protecting public funds requires prudent strategies, including procedures to ensure the safety of investments and deposits while maximizing earnings on any money that is not required for operations. Investing involves both opportunities and risks, and officials must ensure the safety of public funds while striving to maximize yield. This course will cover strategies for a sound investment and cash management policy to ensure (1) that sufficient liquidity is available to support operations and (2) that investments follow the statutory framework established for local governments in California. To keep public funds safe, officials and cash managers need to understand the requirements they must comply with and the investment limitations and safeguards required of local government investments and deposits. This course will include an overview of the fundamentals of investing and protecting local government funds in:
  • Prudence in Investments
  • Actively Monitor Cash Flow
  • Investment of Public Funds
  • Protection of Deposits and Investments
  • Investment Policy
  • Other Topics
Albert Einstein once said, “Insanity (is) doing the same thing over and over again and expecting different results.” Management models in government have often epitomized Einstein’s statement—where governance has occurred by using a one-size-fits-all approach. In the 21st century however, government leaders must understand that data is powerful for transforming government operations and services. Using a Data Based Decision Making process shifts the work of government leadership from a reactive or crisis driven process to a pro-active, outcomes driven process, and sets the stage for continuous improvement.
What's going on in local government today? What trends are impacting the landscape of communities. The Emerging Trends course examines the current and imminent policy and community shifts that leaders need to be aware of. Because of the unique topic of this course, the subject matter may vary slightly depending on the time this course has taken. Sample topics include: cannabis, 5G, covid-19.
The capstone course will allow the student to apply their coursework in a real-world setting and present this knowledge before a panel of industry experts.

With the invaluable support of

Slalom Consulting Avenu Insights & Analytics

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Municipal Financial Management Program Registration

Please click on the button below to register for our Municipal Financial Management program.

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Please note: Students must register no later than 2 business days prior to the course start date. If you missed the registration window or have any questions, please contact EIP Student Services at eipconnect@fullerton.edu.

Program Details

Location: Virtual Instruction
Length: 8 weeks
Cost: $1,150*
Next Start: Fall 2020

*Cost is approximate and subject to change


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