Fiscally Ready Communities Program
The Michigan Department of Treasury has partnered with Michigan State University Extension (MSU Extension) to create Fiscally Ready Communities trainings. Currently there are three different training opportunities:
Financial Best Practices Overview
This training discusses 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.
Capital Asset Management and Planning Trainings
This session will cover the basics of a Capital Improvement Program (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.
Budgeting for Fiscal Sustainability
This training will provide best practices for local governments’ fiscal health including budgeting, long-term planning, dealing with uncertainty, and financial policies and procedures.
Please register for all Fiscally Ready Trainings
Fiscally Ready Communities Best Practices Guide
The Fiscally Ready Communities program was created to assist communities who want to establish, measure, and maintain policies to increase operational and financial effectiveness and safeguards. The Fiscally Ready Communities Best Practices guide was created as a tool to discuss the recommended process and provide examples. Every community is unique, so the process and documentation should reflect the different needs and capacities of the community.