Handbook of Municipal Accounting |
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account balance sheet accounts receivable administration amount appropriation assessments assets and liabilities audit authorizations to incur Avenue basis bills bonded debt capital surplus certified CHAPTER charged chief financial officer classification Collateral entry collecting agent column comptroller contingent liabilities controlling account count counterfoil credited debited deficit detail documents efficiency employees estimated revenues excess Exhibit expenditures expense accounts facts fund accounts fund balance sheet fund cash requirements incur liabilities installments invoices issued Levy ment methods miscellaneous month monthly municipal open market orders operation order and contract paid payable payment payroll period person procedure purchased purpose quantity receipts received record registered requisition revenues and expenses revenues from taxes shown sinking fund cash statement stores ledger storm sewer surplus tion TOWN OF MONTCLAIR transactions trial balance unapplied net cash unit costs vouchers York City
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Page 154 - ... except in cases of extraordinary emergency caused by fire, flood or danger to life or property.
Page 24 - ... unexpended proceeds of loans sold. Capital Liabilities — -Long term indebtedness and other liabilities incurred in the acquisition of capital assets. Capital Outlays — A term used to cover the cost of acquiring property, of paying debt, and of carrying stores and work in progress out of revenue moneys. Contingent Liabilities — Obligations in respect of which there are conditions which have to be fulfilled before they become actual liabilities. Contracts awarded and orders issued are the...
Page 23 - ... asset" accounts. Maintenance — A term applied to the care and upkeep of physical properties and equipment as distinct from operation or service performed. Current Assets — Things owned by a city which may be used in the work of operation and maintenance or to meet the cost thereof or which may be used to meet current liabilities.
Page 194 - VALUE OF LOCAL ADVISORY COMMITTEES It is a good plan to get a body of citizens committed to a movement of this kind and to this end it is desirable to organize an advisory committee consisting of leading local business men who will stand sponsor for a sound businesslike plan to reorganize the business and accounting procedure of the city. The prestige of such a committee will sometimes be strengthened by the organization of a committee of local experts. Such a committee would serve as a link between...
Page 24 - Balance Sheet — A statement of assets and liabilities contrasted in such a manner as to show the excess of the one over the other, such excess representing either a surplus or a deficit.
Page v - ... Buffalo schools, whose father is a revered head of one of that city's high schools. Those of you who are interested in the attempts of New York City to get at graft, not by looking for graft but by looking for inefficiency, will do well to write to Comptroller William A. Prendergast, 280 Broadway for " Manual of Accounting and Business Procedure for the City of New York," which gives a detailed description of the accounting system that the city of New York is now installing.
Page 43 - For example, in the work of cleaning streets, horses, carts, disposal plants, and other property are required; in furnishing fire protection, fire-fighting equipment, engine houses, telegraph alarm plants are necessary, and so on. These assets and the liabilities incurred in acquiring them are obviously in a distinct category from those relating to operation. For this reason they are best exhibited in a separate statement. This statement, an illustration of which is found in Exhibit 9, we call a...
Page vi - The administrative purpose of this manual as set forth in the introduction was : 1 To describe definitely the forms of documents to be used and the procedure to be followed by employees of the city, to the end that responsibility may be located for each step taken in each transaction resulting in the receipt and payment of money, the acquisition and sale of property, and the incurring and liquidating of liabilities 2 To establish and place in the hands of employees a manual containing definite rules,...
Page 78 - A second fundamental principle is that detail expense accounts should be so classified and analyzed that the results may be stated in relation to each question requiring official consideration without the cost and delay of re-analysis.
Page 95 - ... fixed and is therefore printed in the document, no question can arise as to the amount the agent should return, because he is charged with a certain number of forms of each denomination. This is the case with certain forms of licenses, tickets for tolls, market privileges, etc. Where the amount varies and has to be written in each document, as in the case of certain licenses, permits and other forms of privileges, it may be controlled by means of a graduated coupon on the righthand side of the...