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R

reserve

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

revenue

There are many different sources of revenue for libraries. This course focuses on the most common types

  1. local revenue sources (usually property taxes)
  2. state entitlement share
  3. state revenue for libraries
  4. private revenue sources

RFP

Request for Proposal is a term used in soliciting official bids for goods and services.