Each city must name one individual, usually the city clerk or finance officer, as the prudent finance officer, whose responsibility it is…
Municipal finance is based upon fund accounting. This means that all revenues and expenditures are classified and assigned to a particular fund…
Many cities have implemented policies that allow city officials to use procurement cards to make purchases on behalf of the city. While…
City council members and mayors have the important responsibility of managing the city’s funds. With that responsibility comes difficult decisions on how…
In order for a city to have a local option sales and service tax (LOSST), a majority of the eligible electors in…
It is recommended that each city have a Cash Management Policy for a number of reasons. First, it gives the citizens and…
There are times due to illness, emergency or an immediate position vacancy that a community finds itself without a city clerk. To…
Governmental Accounting Standards Board Statement Number 54 (GASB 54) provides guidance for fund balance categories and classifications and governmental fund type definitions. In…
Pro-rating costs of personnel can be beneficial in cost analysis of services provided by the city. Personnel costs include the gross wages,…
There are a number of ways a city can work through the budget process before final approval. City council members and city…