Are there large Accounts Receivable?
Accounts receivable is money owed to the municipality from service charges, such as water and sewer payments, fuel sales, etc. The municipality should be getting regular payments for services it provides. If the payments are not being received in a timely manner, there may not be as much money available as was projected in the budget. Some municipalities do not pay enough attention to billing and collecting the money owed. The result is an increasingly large accounts receivable. Again the income statement may not clearly show why revenues are not being received and you may have to ask for a report on accounts receivable. If you have municipal services that are supported through user fees, you need to be especially aware of the rate that payments are being collected. • Are grants being properly managed? The financial report should include a section reporting grant activity. It should show the revenues received for the grant and the expenditures that were made from the grant funds. Some
Related Questions
- Accounts Receivable - The department of a large company whose function is to send bills to companies that owe money. Theres more to it than that, but who cares?
- I am interested in monogramming a mans tie. How large should I make the initials and is there an exact placement for them?
- Are there large Accounts Receivable?
