Describe the budget approval process.
Managers submit their budget requests to their Department Director, who reviews and adjusts the budget requests as necessary. The Director submits their budget requests to the Township Supervisor, who reviews the budget requests with that Director and the Finance Director and suggests changes where necessary. Their budget requests are then compiled by fund, reviewed for completeness and compared to available revenues. When necessary, budgets are further adjusted to stay within available funding. The Township Board will review, approve comment, and approve the annual budget document at least 60 days before the start of the fiscal year.

Show All Answers

1. Does Canton have a budget?
2. What are the major funds?
3. Can funds be transferred between funds for operating purposes?
4. How is the Finance Department different from the Treasurer?
5. Describe the budget approval process.
6. What is an Annual Finance Report?
7. Do all communities create a Comprehensive Annual Financial many do?
8. How many years has Canton prepared a Comprehensive Annual Financial Report?
9. When and how does Canton borrow money?
10. What is Canton's allocation of local property taxes?
11. What are enterprise activities?
12. How is the sewer and water funds administered?
13. How is State of Michigan revenue sharing calculated?
14. What is the difference between Constitutional vs. statutory revenue sharing?
15. What is the allocation of property tax collections by fund?
16. What systems are used for the various Township functions?