MAP311 - Municipal Financial Management

Subject Title
Municipal Financial Management

Subject Description
Municipal Financial Management, municipal revenue sources, current and capital budgets and their preparation, short- and long-term money management, the audit function and other methods of financial control are all discussed and examined in this essential course. The course concludes with suggestions for developing an overall system of financial management and control.
MAP Prerequisite: MAP111, MAP211
MAPA Prerequisite: None

Credit Status
This is a credit subject applicable towards the Public Administration - Municipal Diploma Program offered through the School of Legal and Public Administration.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Comprehend the nature and scope of municipal financial management.
2. Demonstrate changes and trends in municipal expenditures, revenues and financial reporting.
3. Understand the system of property assessment and taxation in Ontario.
4. Describe the steps involved in the preparation and delivery of the proptery tax bill, including the use of interim and installment payments.
5. Describe and assess the potential of the various miscellaneous local revenue sources available to municipalities.
6. Recognize the entrepreneurial initiatives being undertaken by municipalities to generate revenues and savings.
7. Understand the nature of a long term financial plan for a municipality.
8. Distinguish between capital and current expenditures
9. Explain the nature and purposes of the current (operating) budget and the limitations on its traditional format and method of preparation.
10. Understand methods recommended for managing municipal revenues and expenditures.
11. Identify the main elements of a financial management system and describe how they can be integrated.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.