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Finance & Funding
Provide quality financial and administrative services to optimize the accomplishment of MDOT's mission.
MDOT's Bureau of Finance and Administration (BFA) is responsible for providing accounting, budgeting, contracting, purchasing, and administrative services to the department.
BFA also provides public financial and legislative reports, as well as bonding information.
The bureau is comprised of three divisions: Financial Operations, Accounting Services, and Contract Services.
This report is prepared in accordance with generally accepted accounting principles (GAAP). In addition, this report is in accordance with Department of Management and Budget, Administrative Guide to State Government, Procedure 1210.09 which requires state agencies issuing financial reports to be consistent with the State of Michigan Annual Comprehensive Financial Report (SOMACFR).
Previous Financial Reports
MDOT has the authority to issue bonds for a variety of transportation programs. Bond financing allows the department to advance projects so users can enjoy the social and economic benefits sooner.