Policies & Procedures for Financial Functions

Published Aug 3, 2016

The MGFOA Accounting Standards Committee has developed policies and recommended procedures for use in your community.  The policies cover key financial functions, including: 

Budgeting Fund Balance
Capital Assets Grants Management
Cash Management       Investments
Debt Management Payroll & Expense Reimbursement
Ethics Purchasing
Financial Reporting  

While each document was created and reviewed by members of the Committee, it is important to note that these documents are not a ‘one size fits all’ solution.  Finance officials seeking to use these documents should consult their respective government agency’s charter as well as their agency’s legal counsel.

Please visit the RESOURCES page of the site to view the documents.

If you would like to suggest any changes to these documents, please email the Standards Committee via Joe Heffernan.