Detroit Financial Review Commission
The Financial Review Commission (FRC) is responsible for oversight of the City of Detroit and the Detroit Public Schools Community District, pursuant to the Michigan Financial Review Commission Act (Public Act 181 of 2014). It ensures both are meeting statutory requirements, reviews and approves their budgets, and establishes programs and requirements for prudent fiscal management, among other roles and responsibilities.
The FRC was initially created on November 12, 2014, to provide oversight of the City beginning on December 10, 2014. It began its oversight of the Community District on June 21, 2016, following the enactment of amendments to Public Act 181 of 2014 and the creation of the new Community District.
The FRC members include five appointed members and six ex officio members, which are the State Treasurer (who serves as chairperson), the State Budget Director (who serves as the designee of the Director of the Michigan Department of Technology, Management and Budget), the Mayor and City Council President of the City of Detroit, and the Superintendent and School Board Chairperson of the Detroit Public Schools Community District.
Financial Review Commission
3062 West Grand Boulevard
Detroit, MI 48202