Outline of uniform system of accounts for municipalities and handbook for municipal officers; Handbook for municipal officers
Abstract
Under the provisions of Section 3 (c) of Chapter 154, Laws of 1917, "The Commissioner of Municipal Accounts shall have the power to establish a uniform system of accounting for the municipalities * * * within the State * * *." In accordance with the above section I am presenting herewith an outline of the manner in which the financial transactions of municipalities should be handled in order to follow out the requirements of the statutes. While the power to establish such a system has been vested in the Department from the beginning it has not been deemed advisable to issue such a handbook earlier, due to the fact that considerable research work was necessary before a practical system could be prepared. It was, therefore, considered advisable to wait until such time as a system could be placed before the municipal officials which would be complete and yet not too technical for the average layman.