Municipal Financial Management

  • Credits: 6
  • Ending: Examination
  • Range: 2P + 2C
  • Semester: winter
  • Year: 2
  • Faculty of Economics and Finance

Teachers

Included in study programs

Management of Public Policies

Teaching results

The aim of the course is to acquire knowledge and understanding of municipal financial management as a process representing a set of activities that need to be carried out in financial management, budgeting, formulating financial policies, preparing strategies, preparing financial forecasts and understanding this process as a basis for financial stability and liquidity of a municipality.
Students after completing the course:
a) They will gain knowledge and understanding of the nature and importance of municipal financial management and its links to strategic, information and personnel municipal management as integral parts for maintaining sustainability of municipal development and its financial stability.
b) They will be able to master basic approaches of the financial management process, methodology for evaluating financial analysis and its indicators for financial planning and critically evaluate results of selected case studies and formulate appropriate recommendations for financial policy.
c) Based on the knowledge and acquired skills, they will be able to develop a project - a tree of problems and a tree of solutions and evaluate the position of a municipality and its development possibilities.

Indicative content

The course is focused on the managerial view of the functioning of a municipality. Financial management is mediated as a process of a set of activities that the municipality has at its disposal to achieve financial stability and liquidity and which can prevent financial risks, reduce the need for crisis decisions, maintain solvency, maintain partner trust and a good public image. In the whole process, financial management plays an important role as an entity in the specific position of financial municipal managers.
1. Municipal financial management - definition of the term, meaning for the municipality
2. Financial management as a process and as an entity
3. Financial analysis and evaluation of financial conditions
4. Financial strength and financial capacity of the municipality
5. Property analysis and asset management
6. Benchmarking and evaluation of municipal performance
7. Creditworthiness of the municipality as a method of evaluating economic / financial potential
8. Creditworthiness of the municipality as a stimulus for development
9. Financial health and debt management
10. Financial condition and resource management
11. Financial planning and monitoring of trends
12. Municipal size and its development possibilities
13. The role of position and requirements for the financial manager

Support literature

1. KOLEKTÍV. 2014. Finančný manažment v samospráve. Bratislava: Európske centrum manažmentu. ISBN 978-80-971582-0-0
2. PEKOVÁ, J. 2011. Finance územní samosprávy. Česká republika: Wolters Kluwer 2011. 587 s. ISBN: 978-80-7357-614-1.
3. WRIGHT, G., NEMEC, J. 2002. Management veřejné správy. Teorie a praxe. NISPAcee: Ekopress. 419 s.ISBN 80-86119-70-X
4. HALÁSEK, D. – BINEK, J. – LEGÁTOVÁ, J. 2005. Ekonomický potenciál obcí. (případová studie). Přerov – Brno 2005. Výzkumný projekt Ministerstva pro místní rozvoj ČR – WB 29-04 Venkovský prostor a jeho oživení. 2005. 88 s.
5. HALÁSEK, D., PILNÝ, J.,TOMÁNEK, P.2002. Určování bonity obcí. Ostrava: VŠB – TU, Ostrava 2002. ISBN 80-248-0159-0

Requirements to complete the course

100% work:
• 20% written work - 45 minutes in the 8th week of the semester
• 20% semester project 2500 words –
• 60% oral exam – 1 hour – (including preparation)

Student workload

156 hours:
• 26 hours of participation in lectures,
• 26 hours participation in seminars,
• 26 hours of home regular preparation for seminars - study of literature
• 30 hours of semester project preparation,
• 14 hours of semester assignment preparation,
• 34 hours of preparation for the final exam.

Language whose command is required to complete the course

Slovak

Date of approval: 12.03.2024

Date of the latest change: 18.02.2022