
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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Insurance helps pay lawful claims and defend against meritless claims. Loss control measures aim to reduce injuries and claims.
Learn the characteristics of city budgets as a work plan and communication tool. Understand the budget cycle.
Learn which depositories a city may use and how to choose one.
Learn about new state and federal laws that significantly affect city budget decisions.
Explore ways in which League of Minnesota Cities Insurance Trust (LMCIT) members can reduce premium costs.
Learn about property, crime, and petrofund coverage offered by the League of Minnesota Cities Insurance Trust.
Prepare for a potential IRS audit or compliance check by learning about common problematic issues for cities.
Get tips to avoid Electronic Funds Transfer (EFT) fraud, and access a model policy on Safe Electronic Transfers and Payments…
Explains the League of Minnesota Cities Insurance Trust’s (LMCIT’s) experience rating formula.
Options for saving costs by reducing staff through furlough or layoffs. Describes alternatives such as hiring or wage freezes.
[FREE COURSE] This course designed specifically for small cities provides an overview of the budgeting process.