Financial Statements

Budget
Under the requirements of the Michigan Uniform Budget Act, the City must annually adopt a budget for the General operating fund and all special revenue funds.

The budget document must include details of: 
  • proposed expenditures
  • indebtedness
  • proposed millage rates
  • revenue from taxes and other sources
  • estimates of fund balances.

Audit
An audit of the City's financial records is performed annually by an independent public accounting firm.

Actuarial Reports
Actuarial valuations are used to assess the funded status of a defined-benefit pension fund. An actuarial valuation is a type of appraisal of a pension fund's assets versus liabilities, using investment, economic, and demographic assumptions.
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Categories always sorted by seq (sub-categories sorted within each category)
Documents sorted by HEADER in Ascending Order within category

Audit3 documents

  • Fiscal Year 2019- Audit
    document Header Fiscal Year 2019- Audit
  • Fiscal Year 2020- Audit
    document Header Fiscal Year 2020- Audit
  • Fiscal Year 2021- Audit
    document Header Fiscal Year 2021- Audit

Budget6 documents

  • Amended FY 22 General Fund Budget
    document Header Amended FY 22 General Fund Budget
  • Fiscal Year 2022- Budget
    document Header Fiscal Year 2022- Budget
  • Fiscal Year 2023- Budget
    document Header Fiscal Year 2023- Budget
  • Preliminary Presentation to Council FY 23
    document Header Preliminary Presentation to Council FY 23
    Presented at the April 19th City Council Meeting this was a preliminary look at the upcoming FY 23 Budget

Previous Year Budgets2 documents

  • Proposed Budget FY 2020
    document Header Proposed Budget FY 2020
  • Proposed Budget FY 2021
    document Header Proposed Budget FY 2021

Actuarial5 documents

Employee Retirement Valuation4 documents

  • 2018 Actuarial Valuation
    document Header 2018 Actuarial Valuation
  • 2019 Actuarial Valuation
    document Header 2019 Actuarial Valuation
  • 2020 Actuarial Valuation
    document Header 2020 Actuarial Valuation
  • 2021 Actuarial Valuation
    document Header 2021 Actuarial Valuation

Other Post Employment Benefits1 document

  • 2021 OPEB Report
    document Header 2021 OPEB Report