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.
Fiscally Ready Communities Program |
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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: |
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Budgeting for Fiscal SustainabilityThis training will provide best practices for local governments' fiscal health including budgeting, long-term planning, dealing with uncertainty, and financial policies and procedures. |
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Capital Asset Management and Planning TrainingsThis 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. |
Capital Asset Management and Planning Event Recording
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Financial Best Practices OverviewThis 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. |
Financial Best Practices Event Recording
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Internal ControlsThis 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. |
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Nuts and Bolts: Fees, Fines, Purchasing, and ReceiptingBuilding a culture of fiscal sustainability is essential to local government fiscal health. Well-thought-out policies on fees, fines, purchasing, and receipting lead to clear rules and fair treatment, which are essential pillars to that culture of fiscal sustainability. This webinar will include a deep dive into best practices related to fees, fines, purchasing, receipting, and more. It will cover what they are, why such policies are necessary, how they contribute to local fiscal health, and how to get started on implementation. Upcoming Events: August 17, 2-3:30 PM ET September 11, 6-7:30 PM ET October 11, 1:30-3 PM ET November 13, 1:00-2:30 PM ET |
Nuts and Bolts: Fees, Fines, Purchasing, and Receipting Event Registration |
Fiscally Ready Communities Best Practices GuideThe 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. |
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Multi-Year Budget Projection ToolTo 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. |
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