Treasury Launches Financial Data Analytic Tool Reimbursement Program for Local Units of Government

Contact: Danelle Gittus (gittusd@michigan.gov), Ron Leix (leixr@michigan.gov) or call 517-335-2167
Agency: Treasury

Nov. 6, 2017

Local units of government that purchased financial forecasting and transparency reporting tools through state of Michigan-approved vendors can now apply for a partial reimbursement, according to the Michigan Department of Treasury.

All cities, villages, townships and counties that enter into an agreement to purchase financial forecasting and transparency reporting tools through Munetrix or Forecast5 on or before Dec. 1, 2017, are eligible for a partial reimbursement under the Financial Data Analytic Tool Reimbursement Program. A total of $500,000 in funding is available for reimbursements during the state’s 2018 fiscal year.

“Financial forecasting and transparency reporting tools help local officials and residents better understand a community’s finances,” said Deputy State Treasurer Ann Good, head of Treasury’s Financial and Administrative Services Group. “Municipalities shouldn’t wait to apply for their partial reimbursement.”

Cities, villages, townships and counties interested in applying for a partial reimbursement must submit their Financial Data Analytic Tool Reimbursement Request (Form 5568) to the Michigan Department of Treasury no later than Dec. 1, 2017.

To learn more about the program or to download a reimbursement form, go to www.michigan.gov/revenuesharing.  

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