Financial Reports

Establishing a regular and predictable routine for reviewing financial reports and budgets will help you answer these essential questions:

1. Are revenues coming in as expected?
2. Is there a need to adjust planned expenses?
3. Are expenditures on track?
4. Do you have questions about line items?
5. How are things going, in general, with the annual budget?

You may decide on a routine or calendar to review specific reports or elements of the budget at significant points prior to or after a fiscal year ends.

Work with your director and clerk or treasurer to create a routine that helps keep you informed and timely in managing the library's finances.