Insurance and Restitution Proceeds
Accounting Policies and Procedures
fire physical damage insurance claim proceeds restitution repair replace damaged property expenditure without appropriation receipts reserved for appropriation free cash update
44:38 44:53 59:23
This Local Finance Opinion (LFO) addresses questions relating to (1) the accounting treatment of money received by a city, town or district under an insurance policy or as restitution for damage to its property and (2) the availability of the money for expenditure.