About the Author

William G. Arnold worked with the Department of Defense for 34 years, over 25 of which he spent in financial management. He was a budget officer prior to and during the mplementation of the Prompt Payment Act of 1982 and has been continuously involved with it during its evolution. He has also held positions as director of resource management, director of disbursing, and entitlements director with the Air Force and Defense Finance and Accounting Service. During his time as disbursing officer and entitlements director, Mr. Arnold disbursed or entitled over $400 billion in payments, all of it subject to the Prompt Payment Act.

Mr. Arnold holds a Master of Arts degree in financial management from Central Michigan University. For many years he taught undergraduate classes in economics and finance at Park College.

Mr. Arnold is currently an instructor with Management Concepts. Course topics include the Prompt Payment Act, voucher examination, an appropriations law seminar, appropriations law for business operations, budget execution, performance budgeting, and enhanced defense financial management.

He is a certified defense financial manager with acquisition specialty (CDFM-A) from the American Society of Military Comptrollers, and in 1984 he was awarded the designation of certified cost analyst (CCA) by the Institute of Cost Analysis.

Mr. Arnold is the author ofPerformance Budgeting: What Works, What Doesn’t, published in 2008 by Management Concepts.