Finance: The Budgeting Process
[FREE COURSE] This course designed specifically for small cities provides an overview of the budgeting process.
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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Has basic information on routine financial tasks cities must perform like use of funds in accounting and internal control procedures.
Explore ways in which League of Minnesota Cities Insurance Trust (LMCIT) members can reduce premium costs.
Read about commonly used and authorized financing tools for cities to fund local improvements and economic development.
Understand city exposure to lawsuits and the state statutes and judicial decisions that limit liability.
Describes city fund balances and provides related definitions of terms.
Learn about property, crime, and petrofund coverage offered by the League of Minnesota Cities Insurance Trust.
Learn the characteristics of city budgets as a work plan and communication tool. Understand the budget cycle.
Insurance helps pay lawful claims and defend against meritless claims. Loss control measures aim to reduce injuries and claims.
Learn about new state and federal laws that significantly affect city budget decisions.
Prepare for a potential IRS audit or compliance check by learning about common problematic issues for cities.
[FREE COURSE] This course designed specifically for small cities provides an overview of the budgeting process.