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CASH FLOWS - LOCAL GOVERNMENTS & ENTERPRISES

CASH FLOWS - LOCAL GOVERNMENTS & ENTERPRISES. TAXES FEES & CHARGES. HOUSEHOLDS , BUSINESSES AND DEVELOPERS (INCLUDING FOREIGN LENDERS). CAPITAL MARKETS. CENTRAL/STATE GOVERNMENT. LOANS RAISED. LOANS REPAID. LOCAL GOVERNMENT & PUBLIC UTILITIES. BUDGETARY SUPPORT. CAPITAL

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CASH FLOWS - LOCAL GOVERNMENTS & ENTERPRISES

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  1. CASH FLOWS - LOCAL GOVERNMENTS & ENTERPRISES TAXES FEES & CHARGES HOUSEHOLDS , BUSINESSES AND DEVELOPERS (INCLUDING FOREIGN LENDERS) CAPITAL MARKETS CENTRAL/STATE GOVERNMENT LOANS RAISED LOANS REPAID LOCAL GOVERNMENT & PUBLIC UTILITIES BUDGETARY SUPPORT CAPITAL GRANTS & LOANS CAPITAL CONTRI- BUTIONS SINKING FUNDS BUDGETARY CONTRIBUTION OPERATING (RECURRENT) FINANCE CAPITAL FUNDING FOREIGN CURRENCY RESERVES DEFICIT FINANCING (*) WORKING CAPITAL NET FOREIGN EARNINGS (COMMERCE AND INDUSTRY) CAPITAL INVESTMENT & USAGE EXPENDITURE ON (COSTS OF) SERVICES CONTRIBUTIONS (**) SPECIAL FUNDS (INCLUDING CONSOLIDATED LOANS FUNDS) DEBT SERVICE (**) = INCL. DEPRECIATION (RETENTION) OR RENEWALS FUNDS (*) = UNSATISFACTORY PRACTICE

  2. Financial Rape!(Deficits Don’t Matter!) CAPITAL GRANTS & LOANS BUDGETARY CONTRIBUTION OPERATING (RECURRENT) FINANCE CAPITAL FUNDING DEFICIT FINANCING (*) WORKING CAPITAL * “No!” means “No!”

  3. THE COMPETITION FOR CASH MONEY CREATION (NATIONAL GOVERNMENT) SALES OF ASSETS (INCL. PRIVATIZATION) MAJOR POLICY ISSUES CHARGES, FINES & INTEREST GRANTS & TRANSFERS TAXATION LONG-TERM LENDING LONG-TERM BORROWING (PRIMARY) SOURCES INVENTORY TEMPORARY BORROWING THE POOL OF CASH (INTERMEDIATE) DEPLETIONS (SAVINGS) (INTERMEDIATE) ENHANCEMENTS (DIS-SAVINGS) WITHHOLDING SUPPLIERS PAYMENTS DEBTORS (GRANTING OF CREDIT) (FINAL) USES & ABUSES MONETARY INVESTMENT (WITHDRAWAL) MONETARY INVESTMENT (DEPOSIT) MAJOR POLICY OUTCOMES (OR LOSSES) "F.C.W.A.T! CAPITAL INVESTMENT ACTIVITY & SERVICES GRANTS & TRANSFERS INTEREST ON DEBT

  4. } • FRAUD • CORRUPTION • WASTE • ABUSE • THEFT LOSSES OF CASH, CONFIDENCE, CREDIT RATING, CONTROL AND CREDIBILITY "F.C.W.A.T!" = FINANCIAL REGULATIONS & INTERNAL CONTROLS ACCOUNTING & BUDGETARY CONTROL FRAMEWORK* STANDARD ACCOUNTING CHART AND CODING STRUCTURE KEY CONTROL & MANAGEMENT COMPONENTS * = COMPUTERIZATION PRIORITY

  5. C A (Poor reputation = High costs) COSTS • Interest rates. • Search costs for capital funding. • Regulation & loan conditions. • Choice of Public and/or Private Financing or Implementation Entity Partners. • [Foreign Borrowing] B REPUTATION AS A MARKET FACTOR C D (Good reputation = low costs) E Quality 0 Reputation >

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