Accountability and Transparency in Government
Citizen's Guide to Finances: Overview
Use the navigation links on the left to view multi-year trend graphs and greater detail for each category.
Revenues
Expenditures
Financial Position
Pension Liability
Debt and Long Term
Obligations
Revenue Source | FY 17-18 | FY 18-19 | % Change | FY 17-18 per capita |
FY 18-19 per capita |
---|---|---|---|---|---|
Taxes |
$ 4,875,871 |
$ 5,035,024 |
3.3% |
$ 383.99 |
$ 399.86 |
Licenses and permits |
10,735 |
8,984 |
- 16.3% |
0.85 |
0.71 |
Federal government |
157,755 |
31,688 |
- 79.9% |
12.42 |
2.52 |
State sources |
1,004,514 |
1,512,727 |
50.6% |
79.11 |
120.13 |
Local sources |
59,820 |
283,208 |
373.4% |
4.71 |
22.49 |
Charges for services |
576,291 |
597,584 |
3.7% |
45.38 |
47.46 |
Interest income |
23,020 |
23,100 |
0.3% |
1.81 |
1.83 |
Fines and forfeitures |
4,132 |
6,451 |
56.1% |
0.33 |
0.51 |
Other revenues |
492,979 |
143,910 |
- 70.8% |
38.82 |
11.43 |
Transfers in |
595,664 |
332,651 |
- 44.2% |
46.91 |
26.42 |
Total Revenues |
$ 7,800,781 |
$ 7,975,327 |
2.2% |
$ 614.33 |
$ 633.36 |
Expenditures | FY 17-18 | FY 18-19 | % Change | FY 17-18 Per Capita |
FY 18-19 Per Capita |
---|---|---|---|---|---|
Legislative |
$ 75,996 |
$ 96,139 |
26.5% |
$ 5.98 |
$ 7.63 |
Judicial |
874,449 |
1,252,711 |
43.3% |
68.87 |
99.48 |
General government |
1,248,651 |
974,872 |
- 21.9% |
98.33 |
77.42 |
Public safety |
1,860,290 |
1,750,930 |
- 5.9% |
146.50 |
139.05 |
Public works |
-0- |
7,114 |
n/a |
-0- |
0.56 |
Health and welfare |
1,670,771 |
1,402,182 |
- 16.1% |
131.58 |
111.35 |
Community / Econonomic develop |
22,635 |
172,460 |
661.9% |
1.78 |
13.70 |
Recreation and culture |
16,364 |
25,256 |
54.3% |
1.29 |
2.01 |
Capital outlay |
111,157 |
146,011 |
31.4% |
8.75 |
11.60 |
Other expenditures |
1,507,632 |
1,573,131 |
4.3% |
118.73 |
124.93 |
Debt service |
-0- |
124,948 |
n/a |
-0- |
9.92 |
Transfers out |
640,160 |
366,250 |
- 42.8% |
50.41 |
29.09 |
Total Expenditures |
$ 8,028,105 |
$ 7,892,004 |
- 1.7% |
$ 632.23 |
$ 626.75 |
Financial Position | FY 17-18 | FY 18-19 | % Change |
---|---|---|---|
Total governmental revenues |
$ 7,800,781 |
$ 7,975,327 |
2.2% |
Total governmental expenditures |
8,028,105 |
7,892,004 |
- 1.7% |
Surplus (shortfall) |
$ (227,324) |
$ 83,323 |
136.7% |
Restricted funds |
$ 530,156 |
$ 662,858 |
25.0% |
Assigned funds |
291,212 |
381,963 |
31.2% |
Unassigned funds |
1,063,989 |
923,963 |
- 13.2% |
Total Fund Balance |
$ 1,885,357 |
$ 1,968,784 |
4.4% |
Pension Plan Actuarial Valuations as of Decemeber 31, |
2017 | 2018 | % Change | Trend |
---|---|---|---|---|
Value of assets |
$ 9,293,533 |
$ 9,300,753 |
0.1% |
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Accrued liability |
13,679,950 |
14,300,204 |
4.5% |
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Overfunded (underfunded) |
$ (4,386,417) |
$ (4,999,451) |
14.0% |
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Percent funded |
67.9% |
65.0% |
- 4.3% |
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Unfunded liability as a percent of General Fund revenues |
79.4% |
86.8% |
9.3% |
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Annual county contribution |
$ 375,737 |
$ 434,939 |
15.8% |
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Active employees |
69 |
69 |
n/a |
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Retirees and eligible inactive employees |
77 |
83 |
7.8% |
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Ratio of employees to retirees (inc. eligible non-actives) |
0.90 |
0.83 |
- 7.2% |
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Active employee salary |
$ 2,327,855 |
$ 2,474,389 |
6.3% |
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Benefits paid (inc. deferred benefits) |
$ 926,232 |
$ 1,019,624 |
10.1% |
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Long Term Governmental Obligations |
FY 17-18 | FY 18-19 | % Change | Trend |
---|---|---|---|---|
Notes payable |
$ 969,426 |
$ 857,813 |
- 11.5% |
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Equipment financing |
$ 83,129 |
$ 65,594 |
- 21.1% |
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Interest |
$ 185,335 |
$ 147,857 |
- 20.2% |
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Sick leave |
$ 39,562 |
$ 90,407 |
128.5% |
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Total long-term debt oblligations |
$ 1,277,452 |
$ 1,161,671 |
- 9.1% |
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Total long-term debt, per capita |
$ 100.60 |
$ 92.25 |
- 8.3% |
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Long-term debt, due within one year |
$ 144,348 |
$ 145,122 |
0.5% |
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Long-term debt, due within one year per capita |
$ 15.26 |
$ 14.04 |
- 8.0% |
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Prepared by MGT of America Consulting, LLC
Great Lakes Region
2343 Delta Road
Bay City MI, 48706