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There are two configurations of the mayor-council structure: the weak-mayor-council structure and the strong-mayor-council structure.
Debit Balance
Refers to the balance remaining in a financial account where debts or expenses exceed the credits or revenues.
Footing
Footing is the process of summing up the numerical values in an accounting column to determine the total, typically as a preliminary step in the preparation of financial statements.
Normal Debit Balance
The expected balance type of an account that is increased by a debit, typical for assets, expenses, and losses.
Withdrawals
Money taken out from a bank account, or the act of taking out funds from a business by its owners for personal use.
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