2013 Citizen’s Guide to City Finances Available
September 25, 2013
Click image to view the City’s 2013 Citizen’s Guide to Local Finances
The Michigan Economic Vitality Incentive Program (EVIP) sets specific requirements that local governments must meet to qualify to receive state revenue sharing funds. One of the key requirements of EVIP is that cities make readily available to the public by October 1st “a citizen’s guide and a performance dashboard of their local finances, including a recognition of their unfunded liabilities.”
This Citizen’s Guide is published in accordance with the requirements of EVIP. We have used the state-recommended reporting template in preparing the Guide. Because of the required time frame for submission, it is not possible to include audited financial data for the most recent fiscal year completed June 30, 2013. The City’s Comprehensive Annual Financial Report, which will be published at the end of October, includes full audited results for the June 30, 2013 fiscal year.
Also in accordance with EVIP, the City has published on its website a performance measurement dashboard that monitors performance trends in four key areas: Fiscal Stability, Economy, Quality of Life, and Public Safety. The City’s performance dashboard can be accessed here.
We hope that the Citizen’s Guide to Local Finances together with the City’s performance dashboard enhances the City’s transparency and public accountability.
If you have any questions or comments, you can leave them in the comment section below or email [email protected].