Faculty: Michael Nadol
Michael Nadol is Managing Director in the Management and Budget Consulting practice of Public Financial Management. Before joining PFM, Mr. Nadol served as Deputy Mayor, Director of Labor Negotiations, and Director of Finance for the City of Philadelphia. He has also served as Deputy Commissioner of the Philadelphia Water Department and as co-editor of America's Water and Wastewater
Industries: Competition and Privatization and Management Innovation in U.S. Public Water and Wastewater Systems. Mr. Nadol received his BA from Yale University and his Master in Governmental Administration from the Fels Institute of Government at the University of Pennsylvania.
This course will build on the fundamentals taught in the introductory budgeting unit to help build students’ competence in budgetary analysis. Using detailed data from a major city as a course-long case study, and incorporating Excel skill-building exercises, students will develop a hands-on understanding of budgets by working through such factors as: economic drivers of fiscal performance, revenue analysis and forecasting, including tax policy considerations; expenditure analysis and projection, with an emphasis on workforce costs; and capital budgeting and financing. Students will also be introduced to key fiscal policies, budget monitoring and performance measurement, and the development of effective budget communications for various audiences.