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Office of Financial Management

  • Office of Financial Management

    The Office of Financial Management (OFM) has overall responsibility for the state's accounting and payroll functions and related systems. The office is responsible for performing central accounting and payroll control activities, developing and issuing statewide accounting policies, advising state agencies on the application of generally accepted accounting principles and the use of the state accounting system, and monitoring compliance by agencies with state accounting policies. The office prepares the State of Michigan Comprehensive Annual Financial Report, W-2 statements for state employees, 1099 forms for state vendors, and other financial, payroll, and special purpose reports.

OFM Spending and Revenue Reports

Comprehensive Annual Financial Reports

View CAFR Reports

Constitutional Limits Reports

  • Constitutional Limits Reports

    Constitutional Limits Reports refers to state revenue limits (section 26) and local spending requirements (section 30).

View Constitutional Limits Reports

Detailed Financial Schedules

  • Detail Financial Schedules

    Detailed Financial Schedules are final annual reports that provide revenue details at the object code level and spending details at the appropriated line item level.

View Detailed Schedules

Monthly Financial Reports

  • Monthly Financial Reports

    Monthly Financial Reports are submitted to the Legislature, including state revenues, budget results, and opertaion information on certain funds. They are prepared pursuant to Act No. 8 of 1999.

View Monthly Financial Reports

OFM Frequently Asked Questions