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Finance and funding

Finance and funding

Managing MDOT's finances and funding

The Bureau of Finance and Administration (BFA) provides the financial, administrative and contracting services that help MDOT carry out its mission. BFA oversees accounting, budgeting, purchasing, contracting and other core administrative functions across the department. BFA also prepares MDOT’s public financial and legislative reports and manages the department’s bonding information.

Annual financial reports

Current report

Financial programs

  • Bonding

    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.

  • Act 51

    Act 51 is the main road funding source for most cities and villages and it defines the formula by which Michigan distributes money for road maintenance to cities, villages and counties.