The Michigan City, Village, and Township Revenue Sharing Program (CVTRS) sets specific requirements that local governments must meet to qualify to receive state revenue sharing funds. One of the key requirements of CVTRS is that cities make readily available to the public by December 1st “a citizen’s guide and a performance dashboard of their local finances, including a recognition of their unfunded liabilities.”
This year the City of Muskegon has opted to use the Citizen’s Guide for our city on the State of Michigan site, the report includes financial data from the audited financial statements of the most recently completed fiscal year which ended June 30, 2019.
Cities are to produce and make readily available to the public: 1) a Citizen’s Guide, 2) a projected budget report of revenues and expenditures including the current fiscal year and a projection for the immediately following year (including assumptions used) and, 3) a detailed listing of debt service requirements.
In accordance with CVTRS, the City has a link to our measurement dashboard that monitors performance trends in four key areas: Fiscal Stability, Economy, Public Safety and School District Enrollment. These CVTRS required reports and the link to the City’s Citizen Guide on the State website and a link for the City’s dashboard site are listed below.
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, please email email@example.com.