Building Budgets and Reading Financial Statements

Most timelines are framed in terms of a fiscal year. 

The Local Government Budget Act has a timeline and specific information that is required when creating local government budgets.  Local budget hearing schedules and approvals are set by your city or county so be sure you know those dates and have your work done prior to deadlines.

Please work with your library director and through them the city or county. The process or procedure the local government wants you to follow is the one you need to use. 

Simply adjust the board’s timeline to ensure that you meet their deadlines while giving yourselves enough time to prepare. The following sections walk you through how to build a library budget and use financial reports.