Magda Nelson of the Montana Department of Administration explains the structure of the official chart of accounts system used by all municipalities and the state of of Montana. the system is called Budgetary Accounting Reporting System, and is generally referred to as BARS. It is, essentially a list of assets and other debits and liabilities, equity and other credits. The line items are numbered in a very structured way.
In this webinar, Magda focuses on the importance of BARS to permit effective budget tracking and to generate useful accounting data over time. Magda details which sections of BARS most commonly are used by public libraries both for funding and expenses.
The MT Department of Administration has local staff available to assist public libraries with budgets. See the list below to contact the representative for your region.
CE Category: Library Administration
Recorded on 05/04/2012
Area 1 – Helena
Contact: Jamie Cain (406) 841-2902
Lewis & Clark
Area 2 – Billings
Contact: Darla Erickson (406) 371-5627
Area 3 – Circle
Contact: Tod Kasten (406) 974-3377
Area 4 – Kalispell
Contact: Magda Nelson (406) 257-5245