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| Format: | Recurso educativo Open Access |
|---|---|
| Language: | en |
| Published: |
1999
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| Subjects: | |
| Online Access: | https://eric.ed.gov/?id=ED437978 |
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| _version_ | 1867181169283432448 |
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| collection | Education Resources Information Center |
| contents | Library of Michigan: Financial Management Reference Guide. Accounting Budgeting Budgets Financial Audits Financial Policy Glossaries Investment Library Administration Library Funding Money Management Property Taxes State Aid Developed to provide library directors, staff, and board members with information for performing accounting and financial management functions, this guide answers frequently asked questions, describes common practices and processes, provides examples and suggested formats for selected financial reports, and identifies issues that may require outside assistance. Although relevant for libraries of various types and sizes, the guide is more focused toward governmental unit libraries. The following chapters are included: (1) "Accounting for Libraries," including basis of accounting, types of funds, comparison of governmental funds and commercial accounting, and Governmental Accounting Standards Board; (2) "Fund Balance," including determining fund balance and special considerations; (3) "Budgeting," including budget concepts, types, requirements, and calendar, as well as an example budget; (4) "Financial Reporting," including purpose, external/internal requirements, and sample reports; (5) "Property Taxes," including the property tax process, taxable value, mileage rates, and the Headlee Amendment; (6) "State Funded Revenue," including components of state funded revenue; (7) "Investments," including explanation of the Investment Act, summary of legal investments, and requirements of an investment policy; (8) "Financing of Library Projects"; (9) "Audit Process," including the difference between auditing and accounting, audit requirement, types of audits/audit process, selection of an independent auditor, and preparation for an audit; (10) "Internal Controls," including internal control objectives, components, limitations, and questionnaire, as well as common indicators of fraud or embezzlement; and (11) "Glossary of Terms." (MES) |
| format | Recurso educativo Open Access |
| id | eric_ED437978 |
| institution | ERIC Institute of Education Sciences |
| language | en |
| publishDate | 1999 |
| record_format | eric |
| spellingShingle | Library of Michigan: Financial Management Reference Guide. Accounting Budgeting Budgets Financial Audits Financial Policy Glossaries Investment Library Administration Library Funding Money Management Property Taxes State Aid Library of Michigan: Financial Management Reference Guide. Accounting Budgeting Budgets Financial Audits Financial Policy Glossaries Investment Library Administration Library Funding Money Management Property Taxes State Aid Developed to provide library directors, staff, and board members with information for performing accounting and financial management functions, this guide answers frequently asked questions, describes common practices and processes, provides examples and suggested formats for selected financial reports, and identifies issues that may require outside assistance. Although relevant for libraries of various types and sizes, the guide is more focused toward governmental unit libraries. The following chapters are included: (1) "Accounting for Libraries," including basis of accounting, types of funds, comparison of governmental funds and commercial accounting, and Governmental Accounting Standards Board; (2) "Fund Balance," including determining fund balance and special considerations; (3) "Budgeting," including budget concepts, types, requirements, and calendar, as well as an example budget; (4) "Financial Reporting," including purpose, external/internal requirements, and sample reports; (5) "Property Taxes," including the property tax process, taxable value, mileage rates, and the Headlee Amendment; (6) "State Funded Revenue," including components of state funded revenue; (7) "Investments," including explanation of the Investment Act, summary of legal investments, and requirements of an investment policy; (8) "Financing of Library Projects"; (9) "Audit Process," including the difference between auditing and accounting, audit requirement, types of audits/audit process, selection of an independent auditor, and preparation for an audit; (10) "Internal Controls," including internal control objectives, components, limitations, and questionnaire, as well as common indicators of fraud or embezzlement; and (11) "Glossary of Terms." (MES) |
| title | Library of Michigan: Financial Management Reference Guide. |
| topic | Accounting Budgeting Budgets Financial Audits Financial Policy Glossaries Investment Library Administration Library Funding Money Management Property Taxes State Aid |
| url | https://eric.ed.gov/?id=ED437978 |