Mi Dashboard - Reserves

Skip Navigation

Michigan.gov - Official Web Site for the State of Michigan

Michigan.gov Home

Financial Health Dashboard


>	State Government
	Revenue & Expenditure Comparison
	Revenues
	Expenditures
	Size of Budget
	Reserves
	Rainy Day Fund
	Major Fund Cash Balances
	Issued Outstanding Debt
	Debt Per Capita
	Revenue Dedicated Debt - Coverage Ratio
	Pension & OPEB Obligations
	Unemployment Benefits
	Credit Rating
	Number of Employees
>	Local Governments
>	School Districts
>	Aggregated Governments

Michigan Dashboard

Education Dashboard

Health & Wellness Dashboard

Infrastructure Dashboard

Talent Dashboard

Public Safety Dashboard

Energy & Environment Dashboard

close print view

print friendly email this page

Reserves

Why it Matters: It is considered good practice to keep at least 10% of annual operating expenditures in "savings". This allows the government to cover unexpected expenses or drops in revenue. The following chart shows the reserves maintained by state government.

Source: Michigan CAFR

Note: The reserves are expressed as a percentage of unrestricted net assets available for spending in governmental funds relative to total expenditures in the governmental funds.