Public Library Financial Management Guide - 2021 Updates

Financial management in a public library is an important issue for library administrators, staff and trustees. To assist public libraries 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 as well as other topics. The guide is updated occasional to remain up-to-date on accounting issues. LM, with Alan Panter of Yeo & Yeo, completed a full revision of the Guide in 2021.

Agenda:

A. Brief Overview of the Financial Management Guide Contents
B. Review of 2021 Changes

Learning Outcomes:

1. Attendees will be aware of the Financial Management Guide topics.
2. Attendees will learn about the new content and revisions in the 2021 Update.

Instructor information: Alan Panter is a Principal in the Auburn Hills office audit department. He is a member of the firm's Government Services Group and Employee Benefits Group. Alan joined the firm in 2017 with more than 28 years of experience in providing audit and consulting services.

This project is made possible by grant funds from the U.S. Institute of Museum and Library Services (IMLS) administered by the State of Michigan through the Library of Michigan.

The webinar link will be emailed to registrants the day before the webinar begins.