Introduction to Local Government Finance, Second Edition

Preview the Table of Contents and Preface

This book provides an overview of the financial management laws and practices applicable to local governments and public authorities in North Carolina. The book is divided into three main sections.

1. Financial Management Chapters within this section provide an overview of the Local Government Budget and Fiscal Control Act and discuss budgeting; cash management and disbursements; and accounting, financial reporting and auditing requirements.
2. Revenues These chapters detail revenue sources available to fund both operating and capital expenses. This section includes a detailed discussion of the property tax administration and provides revenue forecasting tools for local officials.
3. Expenditures The final section highlights some of the major expenditure areas for local governments, including general purchasing and contracting, public enterprises, public schools, and community and economic development.

This edition covers legislative changes through the 2013 session of the North Carolina General Assembly. It replaces the first edition published in fall 2013.