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)
Expenditures
1. Where we spend our money (all governmental funds)
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3. Spending per capita - compared to the prior year
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 |
2. Compared to the prior year
|
|
2016 |
2017 |
% Change
|
General Government |
$4,129,852
|
$3,565,403
|
-13.67%
|
Police & Fire |
20,602,698
|
20,853,976
|
1.22%
|
Other Public Safety |
1,307,568
|
1,299,365
|
-0.63%
|
Other Public Works |
7,732,567
|
8,713,170
|
12.68%
|
Health & Welfare |
38,973
|
49,533
|
27.10%
|
Comm./Econ. Development |
999,114
|
844,284
|
-15.50%
|
Recreation & Culture |
5,985,223
|
6,126,384
|
2.36%
|
Capital Outlay |
1,634,932
|
3,508,796
|
114.61%
|
Debt service |
609,864
|
612,806
|
0.48%
|
Other Expenditures |
1,277,600
|
1,823,935
|
42.76%
|
Total expenditures |
$44,318,391
|
47,397,652
|
6.95%
|
4. Historical trends of individual departments
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|
 |
Commentary: The police and fire component of governmental funds accounts for over 38% of governmental expenditures. General government includes many different departments (assessor, clerk, city council, finance, human resources, legal, manager, purchasing, treasurer, etc) necessary to run the business side of the City. Public works includes street construction and maintenance, sidewalk snow plowing and repair, and solid waste disposal. Chart 4, historical trends of individual sources, reflects the dollars spent in each category. By clicking on 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.
Financial Position
1. How have we managed our govt. fund resources (fund balance)
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 |
3. Fund balance per capita - compared to the prior year
|
 |
2. Compared to the prior year
|
|
2016 |
2017 |
% Change
|
Revenue |
$48,551,744
|
$48,434,073
|
-0.24%
|
Expenditures |
44,318,391
|
47,397,652
|
6.95%
|
Surplus (shortfall) |
4,233,383
|
1,036,421
|
-75.52%
|
Fund balance, by component: |
|
|
|
Nonspendable |
246,962
|
255,980
|
3.65%
|
Restricted |
13,991,144
|
13,715,447
|
-1.97%
|
Assigned |
-/div>
|
-
|
N/A
|
Unassigned |
7,440,121
|
8,743,221
|
17.51%
|
Total Fund Balance |
$21,678,227
|
$22,714,648
|
4.78%
|
4. Historical trends of individual components
|
 |
Commentary: Reserved fund balance represents fund balances in special revenue funds where the use of the balance is restricted by restrictions imposed relating to receiving the funds. Examples of funds included in this category include major and local streets who receive Act 51 Funds (motor fuel tax revenue) from the State where the use is restricted by State law. Another example of a restricted fund would be the Parks and Recreation Fund that is funded primarily by a property tax that voters approved. The revenue raised by the tax millage may be used only to support the Parks and Recreation Fund. The undesignated fund balance represents the general fund fund.
For more information on our unit's finances, contact Nancy Bazan, CPA at (616)530-7204.
Other Long Term Obligations
1. Pension funding status
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2. Retiree Health care funding status
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3. Percent funded - compared to the prior year
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4. Long Term Debt obligations:
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5. Debt & other long term obligations per capita - vs. prior year
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Commentary: The pension fund and retiree health care funding shown in charts 1, 2 and 3 above include both governmental and enterprise (business type) funds. Long-term debt obligations and debt & other long term obligations per capita do not include enterprise fund information. Structured debt represents bonds issued by the City to pay for various City buildings (i.e. the Wyoming Public Library building, Police headquarters, etc) and various special assessments projects. The funds used to pay for these bonds come from primarily two sources - property owners that are being assessed for improvements and property taxes paid by the citizens of Wyoming. As noted in the 4th chart, long-term debt obligations have been decreasing over the last ten years.
For more information on our unit's finances, contact Nancy Bazan, CPA at (616)530-7204.