Fundamentals of Financial Management March 6th ($70)
6:00 - 9:00 pm. (Light Dinner @ 5:30 p.m.)
As financial stewards for your community, one of your most critical roles as an elected leader is to practice sound financial management. Without it, communities flounder, public services suffer, and elected officials are voted out of office. Yet, most people are unaware of how municipal finance works and what must be done to ensure that municipal finances are managed properly. In this course you will explore the fundamentals of municipal finance—where the money comes from, how it is spent, how laws restrict or facilitate revenue generation and spending, how cash and debt are managed, and what your community’s responsibilities are for reporting on its finances. You will emerge with a fuller understanding of municipal finance to help you ensure that you act as a responsible steward of the public’s money.
Course Objectives:
When you complete this course, you will be able to - Discuss the Uniform Budgeting and Accounting Act
- Describe the legal restrictions on municipal revenue generation
- Articulate the impact that the Open Meetings Act has on municipal budgeting and reporting processes
- Identify the common sources of revenue for municipal government
- Explain the basics of revenue sharing, tax levies, fees, special funds, and borrowing as sources of municipal revenue
Instructor: Michael McGee
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