Determining county government fiscal instability

Independent audit report findings and the prompting of state action

Bibliographic Data

ID20201710
AuthorsSteve Modlin (0000-0002-4123-7640, East Carolina University), Lashonda M Stewart (Southern Illinois University Carbondale)
Year2014
Volume26
Issue3
Pages405-428
Publication date2014-03-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Public Budgeting Accounting & Financial Management (JOURNAL)
Journal identifiersISSN: 1096-3367 • E-ISSN: 1945-1814
PublisherEmerald (PUBLISHER)
DOI10.1108/jpbafm-26-03-2014-b002
OpenAlexW2772845764
LanguageEN
Citations received3
References cited21

Decreasing revenues among local governments across the country have placed an increased focus on governmental financial practices. For states with local government financial oversight organizations, the ratios and other benchmarks used to assess fiscal stability face increased scrutiny. This study examines financial reports sent to North Carolina’s financial oversight body, the Local Government Commission (LGC), to determine the types of operational and policy practices that can lead to fiscal stress based on guidelines established by the LGC. Findings indicate that lowering levels of fund balance, increased salaries, increased debt service levels, and the presence of a countywide water system all increased the probability of a county government receiving notice of potential financing problems requiring immediate action

Audit · Business · Commission · Debt · Local government · Notice · Political science · Revenue · Scrutiny · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Local Government Finance and Decentralization · Public Administration · Accounting · Finance

Tools

Open DOISci-Hub