Accountability & Transparency

  • To meet the requirements for Accountability & Transparency under CVTRS/CIP, eligible local units must:
    • Certify to the Michigan Department of Treasury (form #4886) that by December 1, 2015, 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 until maturity
      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.

Frequently Asked Questions (FAQs)

Certification Form

Performance Dashboard

Debt Service Report

Projected Budget Report

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