Dashboard

City, Village, and Township Revenue Sharing (CVTRS)

State Legislature has continued the City, Village, and Township Revenue Sharing (CVTRS) program. Each eligible local unit must meet all of the program requirements to receive the full CVTRS payments. The following reports are provided in satisfaction of those requirements. The City of Wyoming does not have a retirement pension benefit system in underfunded status according to Section 5 of 2017 Public Act 202.

(CVTRS - Category One - Accountability and Transparency)

Citizen's Guide to Local Unit Finances (excluding enterprise funds)

By Clicking the down arrow you can change the category of unit finances displayed   RevenueExpensePositionObligations

Revenues

1. Where our money comes from (all governmental funds)

 

2. Compared to the prior year
	2021	2022	% Change
Taxes	$29,769,159	$31,138,123	4.60%
Licenses & permits	3,117,495	3,058,239	-1.90%
Intergovernmental	23,818,015	22,345,729	-6.18%
Charges for services	502,450	637,822	26.94%
Fines & forfeitures	1,256,568	1,208,551	-3.82%
Interest & rent	639,171	547,699	-14.31%
Other revenues	3,227,119	6,389,004	97.98%
Total	$62,329,977	$65,325,167	4.81%

 

3. Revenue sources per capita - compared to the prior year

 

4. Historical trends of individual sources
TaxesLicenses & PermitsIntergovernmentalCharges for ServicesFines & forfeituresInterest & rentOther Revenue

Expenditures

1. Where we spend our money (all governmental funds)

 

2. Compared to the prior year
	2021	2022	% Change
General Government	$5,976,913	$6,660,777	11.44%
Public Safety	24,748,779	26,326,597	6.38%
Public Works	10,737,570	9,521,178	-11.33%
Health & Welfare	-	-	N/A
Comm./Econ. Development	1,106,693	1,401,342	26.62%
Recreation & Culture	6,928,154	7,316,791	5.61%
Capital Outlay	1,513,769	2,451,223	61.93%
Debt service	-	-	N/A
Other Expenditures	5,665,888	7,296,257	28.78%
Surplus (Shortfall)/td>	5,652,211	4,351,002	-23.02%
Total expenditures	$62,329,977	$65,325,167	4.81%

 

3. Spending per capita - compared to the prior year

 

4. Historical trends of individual departments
General GovernmentPublic SafetyPublic WorksHealth & WelfareRecreation & CultureCommunity/Econ. DevelopmentCapital OutlayDebt ServicesOther Expenditures

Financial Position

1. How have we managed our govt. fund resources (fund balance)

 

2. Compared to the prior year
	2021	2022	% Change
Revenue	$62,329,977	$65,325,167	4.81%
Expenditures	56,677,766	60,974,165	7.58%
Surplus (shortfall)	5,652,211	4,351,002	-23.02%
Fund balance, by component:
Nonspendable	550,952	652,150	18.73%
Restricted	17,490,363	24,213,165	38.44%
Committed	-	-	N/A
Assigned	116,188	811,535	598.47%
Unassigned	17,154,922	13,986,577	-18.47%
Total Fund Balance	$35,312,425	$39,663,427	12.32%

 

3. Fund balance per capita - compared to the prior year

 

4. Historical trends of individual components

Other Long Term Obligations

1. Pension funding status

 

2. Retiree Health care funding status

 

3. Percent funded - compared to the prior year

 

4. Long Term Debt obligations:

 

5. Debt & other long term obligations per capita - vs. prior year

For more information on our unit's finances, contact Jodi Yenchar at (616) 530-7201.

(CVTRS - Category One - Accountability and Transparency - Continued)

2022 Performance Dashboard (pdf)

2022 Projected Budgets for FY23 & FY24 (pdf)

2022 Debt Service Reports (pdf)

2022 Program Certification Form 4886 (pdf)