School Review and Fiscal Accountability
Energy Transition Impact Project (ETIP)
financing programs to meet the needs of local units of government including: Cities, Villages, Townships, Counties, and various special purpose units.
School Bond Qualification & Loan
the bond process, finance teams, lost bonds and links to other resources.
Reports on the various taxes that the Department of Treasury administers as well as Treasury's annual reports and other revenue and budget reports.
A Revenue Administrative Bulletin (RAB) is a directive issued by the Bureau of Tax Policy. Its purpose is to promote uniform application of tax laws throughout the State by the Bureau of Tax Policy personnel and provide information and guidance to taxpayers.
Internal Policy Directives are prepared to provide guidance to department staff to insure uniformity in tax administration.
The various Divisions of the Department of Treasury are guided by State statutes, Administrative Rules, Court cases, Revenue Administrative Bureau Bulletins, Property Tax Commission Bulletins and Letter Rulings.
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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. Upcoming Event: March 16, 2023, 1:30-3:00 pm |
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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. Upcoming Event: April 24, 2023, 10-11:30 am |
Capital Asset Management and Planning Event Registration
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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. Upcoming Event: May 23, 2023, 10-11:30 am |
Financial Best Practices Event Registration
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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. Upcoming Events: June 8, 2023, 10-11:30 am |
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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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