Fiscally Ready Communities Program

The Michigan Department of Treasury has partnered with Michigan State University Extension (MSU Extension) to create Fiscally Ready Communities training. This training included 10 regional trainings that were sponsored by the Michigan Economic Development Corporation (MEDC). This training was designed to provide operational and financial assistance to Michigan communities dedicated to ensuring their fiscal health through strong financial policies and protections. As a result of this training, officials and employees will be better equipped for long-term fiscal health and develop relationships with the Department of Treasury and MSU Extension.

The Fiscally Ready Communities team covered the fundamental best practices for fiscal and operational planning and provided an overview of best practices in financial policies and good governance. Training topics included budgets, cash controls, debt, grants, internal controls, purchasing policies, and receipting. Treasury also provides additional detailed guides with recommended and required policies.

In 2019, over 200 local government appointed officials, elected officials, and staff attended trainings.

The Fiscally Ready Communities team is excited to announce our training schedule for 2020! This year we will be doing one Financial Best Practices Overview that was offered in 2019 and a brand new more in-depth training on Capital Asset Management and Planning throughout the state! 

Upcoming Events

Please register for all Fiscally Ready Trainings at: https://events.anr.msu.edu/FRC2020

Capital Asset Management and Planning Trainings: 

Recurring annual expenses are fairly simple to budget, but repair and replacement of big-ticket items can be much more difficult. A Capital Improvement Program (CIP) will help your local government organize those major projects and forecast the expenses to make long-term planning simpler. This session will cover the basics of a CIP, best practices, and give participants a chance to share techniques that have worked for their community.

Additionally, the training will assist both elected and appointed local officials in outlining your policies and procedures for capital asset management and planning. This will ensure that your local government is being proactive, while discussing the interconnectivity of many local government requirements.

  • March 4, 1-4:30 p.m. - Ann Arbor - Washtenaw County MSU Extension, 705 N Zeeb Rd., Ann Arbor, MI 48103
  • April 2, 1-4:30 p.m. - Lapeer - Lapeer County MSU Extension, 1800 Imlay Rd. #1, Lapeer, MI 48446
    • This training will be rescheduled for a later date.
  • April 28, 1-4:30 p.m. - Madison Heights - Madison Heights Fire Station #1, 31313 Brush St, Madison Heights, MI 48071
    • This training will be rescheduled for a later date.
  • May 14, 1-4:30 p.m. - Kalamazoo - Kalamazoo Expo Center, 2900 Lake St, Kalamazoo, MI 49048
    • This training will be rescheduled for a later date.
  • June 11, 1-4:30 p.m. - Graying  - Kirtland Community College Community Room, 4800 W. Four Mile Rd., Grayling, MI 49738
  • July 8, 1-4:30 p.m. - Iron River - Young's Golf-Recreation-Dining, 159 Young's Lane, Iron River, MI 49935
  • July 9, 1-4:30 p.m. - St. Ignace - Little Bear East, 275 Marquette Street, St. Ignace, MI 49781
  • Sept. 9, 1-4:30 p.m. - Saginaw - Thomas Township Public Safety Administration Offices, 825 Shields Dr., Saginaw, MI 48609

We will also be hosting a training in Big Rapids (August). That date will be added as it is finalized.
 

Financial Best Practices Overview:

This training includes the fundamental best practices for fiscal and operational planning and provides an overview of best practices in financial policies and good governance. Training topics included budgets, cash controls, debt, grants, internal controls, purchasing policies, and receipting. Treasury also provides additional detailed guides with recommended and required policies.

  • May 7, 1-4:30 p.m. - Graying  - Kirtland Community College Community Room, 4800 W. Four Mile Rd,. Grayling, MI 49738

 



Related Documents
Fiscally Ready Communities- Best Practices Guide PDF icon