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 16-17 FY 17-18 % Change FY 16-17
per capita
FY 17-18
per capita
Taxes
$ 4,840,573
$ 4,875,871
0.7%
$ 379.06
$ 382.78
Licenses and permits
3,057
10,735
251.2%
0.24
0.84
Federal government
170,067
157,755
- 7.2%
13.32
12.38
State sources
1,239,408
1,004,514
- 19.0%
97.06
78.86
Local sources
12,020
59,820
397.7%
0.94
4.70
Charges for services
604,013
576,291
- 4.6%
47.30
45.24
Interest income
25,613
23,020
- 10.1%
2.01
1.81
Fines and forfeitures
4,500
4,132
- 8.2%
0.35
0.32
Other revenues
225,893
492,979
118.2%
17.69
38.70
Loan proceeds
1,074,200
- 0 -
- 100.0%
84.12
- 0 -
Transfers in
500,150
595,664
19.1%
39.17
46.76
Total Revenues
$ 8,699,494
$ 7,800,781
- 10.3%
$ 681.24
$ 612.40
Expenditures FY 16-17 FY 17-18 % Change FY 16-17
Per Capita
FY 17-18
Per Capita
Legislative
$ 79,027
$ 75,996
- 3.8%
$ 6.19
$ 5.97
Judicial
840,261
874,449
4.1%
65.80
68.65
General government
1,223,596
1,248,651
2.0%
95.82
98.03
Public safety
2,915,494
1,860,290
- 36.2%
228.31
146.04
Health and welfare
965,652
1,670,771
73.0%
75.62
131.16
Community /
  Econonomic develop
51,049
22,635
- 55.7%
4.00
1.78
Recreation and culture
16,626
16,364
- 1.6%
1.30
1.28
Capital outlay
97,882
111,157
13.6%
7.66
8.73
Other expenditures
1,710,724
1,507,632
- 11.9%
133.96
118.36
Transfers out
530,150
640,160
20.8%
41.52
50.26
Total Expenditures
$ 8,430,461
$ 8,028,105
- 4.8%
$ 660.18
$ 630.25
Financial Position FY 16-17 FY 17-18 % Change
Total governmental revenues
$ 8,699,494
$ 7,800,781
- 10.3%
Total governmental expenditures
8,430,461
8,028,105
- 4.8%
Surplus (shortfall)
$ 269,033
$ (227,324)
- 184.5%
Restricted funds
$ 561,029
$ 530,156
- 5.5%
Assigned funds
494,202
291,212
- 41.1%
Unassigned funds
1,057,450
1,063,989
0.6%
Total Fund Balance
$ 2,112,681
$ 1,885,357
- 10.8%
Pension Plan Actuarial Valuations
   as of Decemeber 31,
2016 2017 % Change Trend
Value of assets
$ 9,088,043
$ 9,293,533
2.3%
Accrued liability
13,322,827
13,679,950
2.7%
Overfunded (underfunded)
$ (4,234,784)
$ (4,386,417)
3.6%
Percent funded
68.2%
67.9%
- 0.4%
Unfunded liability as a percent
    of General Fund revenues
75.0%
79.4%
5.9%
Annual county contribution
$ 367,623
$ 375,737
2.2%
Active employees
70 
69 
- 1.4%
Retirees and eligible inactive employees
74 
77 
4.1%
Ratio of employees to retirees
    (inc. eligible non-actives)
0.95
0.90
- 5.3%
Active employee salary
$ 2,294,761
$ 2,327,855
1.4%
Benefits paid (inc. deferred benefits)
$ 862,266
$ 926,232
7.4%
Long Term
Governmental Obligations
FY 16-17 FY 17-18 % Change Trend
Notes payable
$ 1,113784
$ 969,426
- 13.0%
Sick leave
$ 8,109
$ 39,562
387.9%
Total long-term debt oblligations
$ 1,121,893
$ 1,008,988
- 10.1%
Total long-term debt, per capita
$ 87.85
$ 79.21
- 9.8%
Long-term debt, due within one year
$ 144,348
$ 145,122
0.5%
Long-term debt, due within one year
 per capita
$ 11.30
$ 11.39
0.8%

Prepared by MGT of America Consulting, LLC

Great Lakes Region

2343 Delta Road

Bay City MI, 48706