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Fiscally Ready Communities Program

The Department of Treasury wants to make sure Michigan communities have access to the most up-to-date guidance issued by the Department of Treasury. Here, you can view presentations and recordings of past Webinars and register for upcoming events. In addition, you can register for and view Fiscally Readiness Communities trainings and the Video Library that provides important information on regulatory compliance, fiscal health, and other topics to assist local government-appointed and elected officials.

Additional Resources and Information

BLGSS Learning Center

 

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.

Upcoming Event: April 5, 2022 at 1:30 pm

Financial Best Practices Event Registration

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.

Upcoming Event: June 14, 2022 at 10:30 am

Capital Asset Management and Planning Event Registration

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.

Upcoming Event: February 24, 2022 at 1:30 pm

Budgeting for Fiscal Sustainability Event Registration

Internal Controls

This training will include a deep dive into internal controls. It will cover what internal controls are, why you need them, how they help your community, how to implement them, and where to start.

Upcoming Events

July 14, 2022, at 1:30 - 3 p.m.

Aug. 4, 2022, at 10:30 a.m. - 12 p.m.

Oct. 4, 2022, at 6 - 7:30 p.m.

Nov. 1, 2022, at 10:30 a.m. - 12 p.m.

Managing Internal Controls Event Registration

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.

Fiscally Ready Communities Best Practices

Multi-Year Budget Projection Tool

To assist local governments in managing their long-term budget development and financial planning processes, the Michigan Department of Treasury has developed a multi-year budget projection tool. This worksheet will import prior year's financial data as submitted through the Annual Financial Report (F-65 Report), allowing users to select historical rates of growth by budget line-item, or to enter alternative rates of growth that are locally developed, ultimately projecting revenues and expenditures over the next 5-years. Additional summary data, graphs, and reporting features are also available as part of this tool. As a newly developed tool, Treasury is seeking additional feedback on future enhancements, technical fixes, and additional functionality. Please contact us at TreasLocalGov@michigan.gov with any comments, concerns, or feedback.

Multi-Year Budget Projection Tool

Instructions

Video Library

Michigan Department of Treasury Community Engagement and Finance Division has provided the following videos series to assist local governments. This video library will provide important information on regulatory compliance, fiscal health, and other topics to assist local government-appointed and elected officials. The Division periodically releases new videos so check back often.

Municipal Finance - Borrowing in the State of Michigan

MiDEAL - Michigan's Extended Purchasing Program