Hello Kari, and Teresa: In addition to the Treasury manual that Teresa posted, please see these additional resources which might be helpful: https://www.michigan.gov/treasury/local/lafd/info/bulletins-manuals-and-form... (Scroll down to “Accounting Guidance you will see the Uniform Chart of Accounts with associated FAQs, etc.) Also helpful is the Department of Treasury’s Fiscally Ready Communities Program, which is aimed at local governmental entities. There are numerous materials on financial best practices – including budgeting: https://www.michigan.gov/treasury/local/lafd/news/fiscally-ready-communities... The Michigan Municipal League’s Handbook for Municipal Officials, Chapter 4 is al;so very informative for an overview of local government financial practices and budgeting https://mml.org/wp-content/uploads/2024/05/HMO-2024-with-Cover.pdf Finally, the Library of Michigan’s Public Library Financial Management Guide https://mel.org/libraryofmichigandocuments also has financial information and tips and sample materials that are all specifically aimed at public libraries in Michigan The Library of Michigan Financial Management page is also very helpful and has several free informative videos presented by Financial professionals at Yeo and Yeo Financial Accountants (who also put together the financial management guide, above) https://www.michigan.gov/libraryofmichigan/libraries/admin/financlmngmnt I hope these are helpful! Sincerely, Clare Clare D. Membiela, MLS, J.D. Library Law Consultant Library of Michigan MembielaC@michigan.gov<mailto:MembielaC@michigan.gov> 517-335-8132 The research and resources above are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. “the State may not, consistently with the spirit of the First Amendment, contract the spectrum of available knowledge.” Griswold v. Connecticut, 381 U.S. 479, 482 (1965). [Michigan.gov/Vote logo Description automatically generated]<https://mvic.sos.state.mi.us/>Get personalized voter information on early voting and other topics at Michigan.gov/Vote<https://mvic.sos.state.mi.us/>. From: Michlib-l <michlib-l-bounces@mcls.org> On Behalf Of Teresa Chase via Michlib-l Sent: Thursday, November 14, 2024 10:03 AM To: Kari Besancon <k.besancon@vlc.lib.mi.us> Cc: Membiela, Clare (MDE) via Michlib-l <michlib-l@mcls.org> Subject: Re: [Michlib-l] Chart of Accounts CAUTION: This is an External email. Please send suspicious emails to abuse@michigan.gov<mailto:abuse@michigan.gov> Yes! Here it is! On Thu, Nov 14, 2024 at 9:44 AM Kari Besancon via Michlib-l <michlib-l@mcls.org<mailto:michlib-l@mcls.org>> wrote: Hi Clare, I was talking to Tracy Arner at UGA and she was helping me work my budget. I remember she said in our class that Georgia has a universal chart of accounts that all library had to use. Does Michigan? Thank you! -- Kari Besancon (Bə-sank’-in), MLIS District Director Iosco-Arenac District Library zv323 989-362-2651 k.besancon@vlc.lib.mi.us<mailto:k.besancon@vlc.lib.mi.us> _______________________________________________ Michlib-l mailing list Michlib-l@mcls.org<mailto:Michlib-l@mcls.org> https://mail3.mcls.org/mailman/listinfo/michlib-l -- Teresa Chase Business Manager Lapeer District Library 201 Village West Dr. S. Lapeer, MI 48446 tchase@lib.lapeer.org<mailto:tchase@lib.lapeer.org> www.library.lapeer.org<http://www.library.lapeer.org/> (810) 664-9521 ext. 3111 "Libraries are sacred time machines where knowledge flows and magic is eternal." ~Mari Barnes