Glossary

To manage cash flow, local governments will carry a certain percentage of money in reserve. This money is found in the cash balance. Clerks and finance officers will track how much money a department has in its cash balance to determine whether the department has enough in reserve.

Carry the correct percentage of funds in your cash reserves – 33 1/3% for counties; 50% for cities. This information can be found in MCA 7-6-4034. Determination of fund requirements – property tax levy