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Fiscal Management

Responsible management of city money is crucial to good government. Learn about budgeting, deposit and investment of city funds, managing costs of city liability and risk exposures, financial auditing, financing local improvements, accounting and reporting.
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Resources

Special Assessment Toolkit

 Information Memo

Discusses city authority and steps to levy special assessments for local improvements like streets, waterworks or sanitary sewer.

Published Mar 18, 2025.

Securing Payment of Utility Charges

 Information Memo

Learn about setting rates for municipal utilities, on what basis cities may make charges, and method for collecting payments due.

Published Feb 1, 2025.

LMCIT Liability Coverage Guide

 Information Memo

Learn about liability (casualty) coverage offered by the League of Minnesota Cities Insurance Trust including its unique coverage offerings.

LMCIT Auto Coverage Guide

 Information Memo

Understand auto liability, auto physical damage, no-fault, and uninsured / underinsured coverage offered by the League's Insurance Trust.

Liability Claim Decisions

Learn how and why the Trust determines whether to cover or deny a liability claim submitted by a member.

Published Oct 9, 2024.

City Deposits and Investments

 Information Memo

Learn which depositories a city may use and how to choose one.

Published Aug 14, 2024.

Reducing LMCIT Premium Costs

Explore ways in which League of Minnesota Cities Insurance Trust (LMCIT) members can reduce premium costs.

Published Feb 13, 2024.

LMCIT Property, Crime, Bond and Petrofund Coverage Guide

 Information Memo

Learn about property, crime, and petrofund coverage offered by the League of Minnesota Cities Insurance Trust.

Published Nov 27, 2023.

IRS Audits of City Payroll

 Information Memo

Prepare for a potential IRS audit or compliance check by learning about common problematic issues for cities.

Published May 15, 2023.

Electronic Funds Transfer Fraud

Get tips to avoid Electronic Funds Transfer (EFT) fraud, and access a model policy on Safe Electronic Transfers and Payments…

Published Mar 9, 2023.

Related Learning and Events

MemberLearn Online Courses

Finance: The Budgeting Process

[FREE COURSE] This course designed specifically for small cities provides an overview of the budgeting process.