Budget and Finance Terms
Review the terms in this glossary to help recall important concepts in the course.
You can print the whole glossary to keep as a resource for board meetings and meetings with local government officials.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL
R |
|---|
reserveTo 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 | |
revenueThere are many different sources of revenue for libraries. This course focuses on the most common types
| |