Skip to main content
Fiscally Ready Communities Program

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.

For additional resources and information, visit the Bureau of Local Government and School Services (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. Below, you will find all of the trainings offered, dates of those trainings and resources, including best practices and guidance.

  • This training will provide best practices for local governments' fiscal health including budgeting, long-term planning, dealing with uncertainty, and financial policies and procedures.

    Next Event Event Resources

    Budgeting for Fiscal Sustainability Event- March 14, 2024, 10-11:30 a.m. ET

    		 Budgeting for Fiscal Sustainability Event Recording

  • 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.

    Next Event Event Resources
    Capital Asset Management and Planning Event Recording

  • 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.

    Next Event Event Resources
    Financial Best Practices Event Recording

  • 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.

    Resources
    Fiscally Ready Communities Best Practices

  • This program focuses on implementing financial best practices, measuring fiscal health, and local government financial management fundamentals. It will include material on reconciling a bank account, how to read and interpret governmental financial statements, audit prep umbrella, how to complete and file an F65 Report, remitting taxes timely, and how to craft an appropriate and effective audit finding Corrective Action Plan. Participants will also receive resources to support best practice implementation and assess their local unit fiscal health.

    Next Event Event Resources

    The next webinars are scheduled for:

    • August 22, 2024, 2-3:30 pm ET
    • September 16, 2024, 2-3:30 pm ET
    • October 21, 2024, 10-11:30 am ET
    • December 12, 2024, 10-11:30 am ET
    		 Event Registration

  • 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.

    Next Event Event Resources

    Internal Controls Event - May 9, 2024, 3-4:30 p.m. ET

    		 Managing Internal Controls Event Recording

  • Building 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.

    Next Event Event Resources

    Nuts and Bolts Event - June 3, 2024, 10-11:30 a.m. ET

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.

  • 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.

    Resources

Video Library

Michigan Department of Treasury Local Audit 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.