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City, Village, and Township Revenue Sharing (CVTRS)

Public Act 63 of 2011, introduced the Economic Vitality Incentive Program (EVIP).

(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  

Revenues

1. Where our money comes from (all governmental funds)
Breakdown of where the City's  money comes from

 

3. Revenue sources per capita - compared to the prior year
Graph of Revenue sources per capita - compared to the prior year
2. Compared to the prior year
  2016 2017
% Change
Taxes
$24,227,209
$24,985,533
3.13%
Licenses & permits
3,151,952
3,052,380
-3.16%
from Federal govt
1,843,680
632,513
-65.69%
from State govt
12,540,260
12,828,492
2.30%
Local contributions
1,772,596
1,813,301
2.30%
Charges for services
548,898
469,462
-14.47%
Fines & forfeitures
1,661,112
1,744,366
5.01%
Interest & rent
583,960
122,737
-78.98%
Other revenue
2,222,107
2,785,289
25.34%
Total
$48,551,774
$48,434,073
-0.24%
       

 

4. Historical trends of individual sources
Graph of Historical trends of individual sources
 

Commentary: Property Taxes continue to be the single largest funding source for the City operations providing approximately 50% of all revenue received in governmental funds. The next largest source of revenue is funds received from the State in the form of state shared revenue (sales tax), motor vehicle highway funds (gas tax) and various state grants. Over one-half of the funds received are restricted in nature and may only be spent on the purpose for which they have been collected. Char 4, historical trends of individual sources, reflects the dollars received by each funding source. By clicking the down arrow you can change the category showing.

For more information on our unit's finances, contact Nancy Bazan, CPA at (616)530-7204.

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

City, Village, and Township Revenue Sharing/County Incentive Program Certification of Accountability and Transparency | Form 4886

General Fund Summary of Estimated Revenues, Expenditures and Fund Balance

Long-Term Debt Schedule