Mi Dashboard - Financial Health Dashboard

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Financial Health Dashboard

Standard financial reports are highly technical and complex, making it difficult to determine the real condition of government's financial health. The information provided in this dashboard provides measurements that are easy to understand, providing a clear picture of the financial health of government in Michigan. With measurements ranging from how government is doing in addressing pension obligations to information on total revenue and expenditures, this dashboard provides key metrics for financial health.

Please provide your feedback and comments regarding this dashboard to DMB-Contact-OFM@michigan.gov.

Performance Key:

Performance improving
No Change Performance staying about the same
Getting Worse Performance declining
--- iFor information purposes only; not intended to measure performance

Click on the links in the table below for more detail.

State Government
	Prior	Current	Progress
Revenue & Expenditure Comparison (Funding Gap)	($1.0B) (2010)	$1.6B (2011)
Total Revenues	$54.6B (2010)	$55.8B (2011)	--
Total Expenditures	$55.6B (2010)	$54.2B (2011)	--
Size of Budget	$48.09B (2011)	$47.13B (2012)	--
Reserves	1.50% (2010)	2.47% (2011)
Rainy Day Fund	$2.2M (2011)	$364.9M (2012)
Cash Balances	($371.5M) (2010)	$1,027.3M (2011)
Issued Outstanding Debt	($23.2B) (2010)	($23.4B) (2011)
Debt Per Capita	$2,354 (2010)	$2,373 (2011)
Tax Revenue Compared to Debt (Gap)	($0.4B) (2010)	$1.4B (2011)
Revenue Dedicated Debt - Revenue to Debt Service Ratio	3x (2010)	2.9x (2011)
Pension & Other Postemployment Benefit Obligations (Funding Gap)*	($19.8B) (2011)	(13.0B) (2012)
Unemployment Benefits (Fund Balance)	($3.0B) (2010)	($2.8B) (2011)
Credit Rating:
- Moody's	Aa2 (Stable) (2012)	Aa2 (Positive) (2013)
- S & P	AA- (Stable) (2012)	AA- (Positive) (2013)
- Fitch	AA- (Positive) (2012)	AA (Stable) (2013)
Number of Employees	50,615 (2010)	47,818 (2011)	--

Local Government
	Prior	Current	Progress
Revenue & Expenditure Comparison (Funding Gap)	($1.38B) (2008)	($1.3B) (2009)
Total Revenues	$25.18B (2008)	$25.95B (2009)	--
Total Expenditures	$26.56B (2008)	$27.25B (2009)	--
Issued Outstanding Debt	($23.4B) (2008)	($35.5B) (2009)
Pension Obligations (Funding Gap)	($1.8B) (2008)	($0.7B) (2009)
Number of Jurisdictions	--	1,858 (2012)	--
Number of Employees	153,745 (2009)	148,267 (2010)	--

School Districts
	Prior	Current	Progress
Revenue & Expenditure Comparison (Funding Gap)	($0.9B) (2010)	($0.9B) (2011)
Total Revenues	$19.0B (2010)	$18.6B (2011)	--
Total Expenditures	$19.9B (2010)	$19.5B (2011)	--
Reserves	4.64% (2010)	6.88% (2011)
Cash Balances	$2.5B (2010)	$2.4B (2011)
Issued Outstanding Debt	($12.8B) (2010)	($15.4B) (2011)
Pension & Other Postemployment Benefit Obligations (Funding Gap)	($45.3B) (2010)	($48.3B) (2011)
Number of Jurisdictions	862 (2011)	884 (2012)	--
Number of Students	1,592,598 (2010)	1,565,390 (2011)	--
Number of Employees	263,982 (2010)	255,925 (2011)	--

Aggregated Governments
	Prior	Current	Progress
Issued Outstanding Debt	($69.2B) (2008)	($72.2B) (2009)
Pension & Other Postemployment Benefit Obligations (Funding Gap)	($66.8B) (2011)	($59.9B) (2012)
Number of Employees	460,268 (2009)	444,627 (2010)	--

*Projected

> Download Spreadsheet Version of Financial Health Dashboard