Fiscal Management

Has basic information on routine financial tasks cities must perform like use of funds in accounting and internal control procedures.

Read about commonly used and authorized financing tools for cities to fund local improvements and economic development.

Understand city exposure to lawsuits and the state statutes and judicial decisions that limit liability.

Learn how and why the Trust determines whether to cover or deny a liability claim submitted by a member.

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 setting rates for municipal utilities, on what basis cities may make charges, and method for collecting payments due.

Explore ways in which League of Minnesota Cities Insurance Trust (LMCIT) members can reduce premium costs.