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Accountability & Transparency
To qualify for the Accountability & Transparency portion of the EVIP/CIP, eligible local units must:
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Certify to the Michigan Department of Treasury (using form #4886) that by October 1, 2012 they have produced and made readily available to the public:
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A citizen’s guide of its most recent local finances, including recognition of its unfunded liabilities; and
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A performance dashboard; and
- A projected budget report of revenues and expenditures including, at a minimum, the current fiscal year and a projection for the immediately following year, a detailed listing of its debt service requirements and an explanation of the assumptions used for the projections.
- Submit a copy of their citizen’s guide, performance dashboard, and projected budget report to the Michigan Department of Treasury.
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• New for FY 2013: Each city, village, township, and county shall include a projected budget report, which is made up of two separate documents, as part of their EVIP or CIP submission. - The first document is a budget report that shall, at a minimum, cover a two year period, your current fiscal year and a projection of the immediately following fiscal year. The projection of the immediately following fiscal year does not need to be approved by the local government's governing body, this is simply a projection.
The budget report should include the general fund, at a minimum. However, you have the option to present additional funds. The budget report shall include revenues and expenditures. These budgeted items can be presented in a summary format. Additionally, include an explanation of the assumptions used for the projections.
- The second document is a detailed listing of debt service requirements. Provide detail of the annual principal and interest payments for each separate debt service from the current fiscal year until maturity.
| • Projected Budget Report/Debt Service Requirements Template  |
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