Public Stewardship

Abstract
Public stewardship is office, duties, and obligations along with the careful and responsible management of monies. This paper focuses on the needs and methods for training public stewards in ethical budgeting preparation and maintenance strategies. The reader will understand the importance of public stewardship in budgeting and the ethical requirements for leaders to consider for proper public stewardship. The paper will outline the consequences of unethical or poor public stewardship.
Signature Assignment: Public Stewardship
Ethical stewardship is the idea that nurtures fair-minded, just, and equal treatment of employees and investors with a supervision style centered on policies that work for the good of the organization. When one thinks about stewardship, the first thing that comes to mind is openness, trust, and confidence. Civil employees and public officials are projected to uphold and support the public’s trust and assurance in governance, signifying the maximum ethics of professional confidence, proficiency, and success, safeguarding the Constitution and the laws, pursuing to improve the public good always (Baker, 2019).

 

Training Public Stewards

Public administrators and staff members are held to a high standard. Afterall, they are role models for the rest of society and are looked up to with confidence to deal with matters such as bribery, governmental corruption, judicial ethics, supervisory ethics, conflicts of interest, indiscretions, and legal ethics (O’Leary, 2019). Individuals are trained for civil service in ethics; ethics plays a critical role in shaping an individual’s behaviors within a society. Ethical conduct and social accountability can bring significant benefits to an agency.
Ethics deals with an individual’s principled beliefs about right and wrong, good and evil. Public stewards in agencies creating fiscal reports, bookkeeping procedures, and budget preparation make knowledgeable decisions within an organization and are motivated by the cultural norms of a company. Ethics are the rules that distinguish good conduct according to the values and norms of a group of people in society. Ethics in public administration are vital for business conduct based on the needs of a city, municipality, region, or local agency. Ethics gives public stewards standards for truthfulness in the operations and administration of his or her work. O’Leary (2019) argues that public service personnel work for the public, not self-interest.

 

Importance of Public Stewardship in Budgeting

Public stewards are often placed in conflicting situations, especially in budget crunches and cutbacks. They are faced with continually servicing the public amid administration cutbacks, overtime cuts, and benefit cuts. The Metro Nashville Fire Department faces a budget crisis. Joseph Pleasant, Public Information Officer for the fire department states that the fire department is committed to adhering closely to the budget and firefighters are focused on being good stewards, but with budget cuts looming, public safety is a major concern and at risk. The Metro fire department needs 67 more firefighters, yet, these positions were denied by administrators, citing the fire department needs to cut an additional $586,000 as part of a savings program implemented during the budget preparation phase. Metro is cracking down on overtime and is forcing the fire department to change directions relating to how it conducts business. With 35 firefighters retiring every year, the toll on staffing is significant in and of itself (Hall, 2018).
Budgeting frameworks function better if chief characters have been trusted with authority to impact the strategic plans and financial decision making, actively participating, accountable and committed to the goals and aims of an organization (Villegas, 2015).

Ethical Requirements for Leaders in Public Stewardship

According to Miriam Webster, stewardship is the performing, overseeing, or handling of financial monies, especially the prudent and accountable management of something trusted to one’s care. Nonprofits requesting funds further their operation on the shoulders of significant people; benefactors and volunteers. Public stewardship in budgeting is important. Public service workers guarantee that taxpayers are receiving the best quality service at a reasonable cost, and it endorses accountability in government.
Public service entails a trust; an asset as valuable as any data on a balance sheet. Finance officers contribute to stewardship over citizens’ financial resources. Public services, through faith, endeavor to show citizens via integrity and honesty the foundations on which reliability is erected (Government Finance, 2018).

Consequences of Unethical or Poor Public Stewardship

Russell (2014) states that sales become unethical when administrative bosses or public workers “grease the skids” for businesses for which they have an intimate or specialized association, or for instance, when competitive bidding is bypassed. In January 2014, Miami-Dade County public works supervisors were convicted of taking $13,000 worth of household appliances in exchange for influencing the department in purchasing the suppliers’ lighting fixtures. A prior supervisor had been charged with taking bribes from the same lighting company (Russell, 2014).
Unethical behavior has serious consequences. Not only can one lose employment, but one’s reputation is marred. Trustworthiness, morale, and production are lost. Unethical consequences of poor behavior results in penalties, court costs, and monetary loss. Worse yet, businesses and governments are incapable of forging and maintaining long-standing relationships (Bowes, 2017).
Conclusion
Ethics involves honesty, integrity, reliability, and so much more in business finance as well as everyday life decisions. Public stewards are put in place with a trust that decision making, and budgeting processes are handled in an ethical manner. If bad behaviors are in place, budgeting in the public sector is at risk for monetary loss, impaired reputation, and an end to relationships previously established. There are serious consequences for unethical behavior.
References
Baker, A. (2019). What is ethical stewardship? Career Trend. Retrieved from https://careertrend.com/info-8429452-ethical-stewardship.html
Bowes, B. (2017). Unethical actions have serious consequences. Legacy Bowes Group. Retrieved from https://www.legacybowes.com/tools/articles/unethical-actions-have-serious-consequences
Government Finance. (2018). Code of professional ethics. Government Finance Officers Association. Retrieved from https://www.gfoa.org/membership/code-professional-ethics
Hall, B. (2018). Budget shortfall forces change of direction for Metro fire department. News Channel 5 Investigates: News Channel 5 Nashville. Retrieved from https://www.newschannel5.com/news/newschannel-5-investigates/budget-shortfall-forces-change-of-direction-for-metro-fire-department
O'Leary, C. (2019). Public service motivation: A rationalistic critiqe. Public Personnel Management. 48(1). p. 82-96. Retrieved from http://eds.a.ebscohost.com/eds/detail/detail?vid=1&sid=ef488677-2d6c-4e72-bb8c-a37ec90da4c2%40sessionmgr4008&bdata=JkF1dGhUeXBlPXNoaWImc2l0ZT1lZHMtbGl2ZSZzY29wZT1zaXRl#AN=134629614&db=ccm
Russell, J. (2014). The need for better stewardship over the money government spends. Voices of the Governing Institute. Retrieved from https://www.governing.com/gov-institute/voices/col-official-oversight-government-procurement-contracting-procurement.html
Villegas, B.S. (2015). Factors influencing administrators’ empowerment and financial management effectiveness. Procedia-Social and Behavioral Sciences. 176, p. 466-477. Retrieved from https://www.sciencedirect.com/science/article/pii/S1877042815005352?via%3Dihub



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