Financial Management

Public Library Financial Management

• Public Library Financial Management Guide

  Financial management in a public library is an important issue for library administrators, staff and trustees. In order to assist public libraries in dealing with fiscal issues, the Library of Michigan provides the

  • Public Library Financial Management Guide

  The guide covers basic accounting, revenues, expenditures, budgeting, financial reporting, audits, and internal controls. It includes sample budgets and policies as well.
  
  In addition to the guide, written by Yeo & Yeo, there is also a series of short webinars on topics that libraries often have questions about. The webinars give a brief overview of each topic.

  Financial Management Videos

  • Basic Library Accounting  (12.27 min.)

  • Budgeting Basics  (8.08 min.)

  • Budgeting Process  (8.49 min.)

  • Internal Controls  (14.05 min.)

  • Library Establishment and Governance  (6.09 min.)

   

  OTHER RESOURCES

  • Michigan Department of Treasury - Bulletins, Manuals and Forms
  • Michigan Department of Treasury - Uniform Chart of Accounts - NEW

  
  Updated 10/30/2020