Office of Financial Management

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 Annual Comprehensive Financial Report, W-2 statements for state employees, 1099 forms for state vendors, and other financial, payroll, and special purpose reports.