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Accountability & Transparency

To qualify for the Accountability & Transparency portion of the EVIP/CIP, eligible local units must:
  • Certify to the Michigan Department of Treasury (form #4886) that by October 1, 2013 they have produced and made readily available to the public:
    1. A Citizen's Guide of its most recent local finances, including recognition of its unfunded liabilities
    2. A Performance Dashboard
    3. A Debt Service Report containing a detailed listing of its debt service requirements, including, at a minimum, the issuance date, issuance amount, type of debt instrument, a listing of all revenues pledged to finance debt service by debt instrument, and a listing of the annual payment amounts
    4. A Projected Budget Report of revenues and expenditures including, at a minimum, the current fiscal year and a projection for the immediately following year and an explanation of the assumptions used for the projections
  • Submit a copy of their Citizen's Guide, Performance Dashboard, Debt Service Report and Projected Budget Report to the Michigan Department of Treasury.






Debt Service Report – NEW FY 2014

Debt Service Report Template Excel icon

Projected Budget Report

Projected Budget Report Template Excel icon

Contact

Office of Revenue and Tax AnalysisPhone: 517-373-2697
Fax: 517-335-3298
Email: TreasRevenueSharing@michigan.gov

http://www.michigan.gov/revenuesharing

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