Economic Vitality Incentive Program Compliance

In July 2011 the Local Audit and Finance Division, Bureau of Local Government Services of the State of Michigan provided guidance on preparing a Citizens’ Guide and Performance Dashboard to meet part of the provisions of the Economic Vitality Incentive Program. Beginning October 1, 2011, the City will need to meet certain requirements to be eligible for a portion of statutory revenue sharing under PA 140. Under the Economic Vitality Incentive Program (EVIP) the City will need to meet three requirements.

As indicated on the State of Michigan’s website, Public Act 63 of 2011, introduced the Economic Vitality Incentive Program. Each city, village, or township that received a FY 2010 statutory payment greater than $4,500 and fulfills the specific requirements for all of the three categories will be eligible to receive a maximum of 67.837363% of its FY 2010 total statutory payment (rounded to the nearest dollar). An eligible city, village, or township will receive 1/3 of the maximum amount for each of the three categories they fulfill the specific requirements for.

The three categories are Accountability and Transparency, Consolidation of Services, and Employee Compensation. Each eligible city, village, or township must submit the certification form and required attachments for each category to qualify for payment. Any local unit that falsifies certification documents shall forfeit any future economic vitality incentive program payments and shall repay the state all economic vitality incentive program payments it has received. Detailed information regarding each category can be found in Public Act 63 of 2011.

Dashboard
Citizen's Guide
Citizen's Guide

City Council Audit Presentation by Plante & Moran, October 17, 2011
Press Release - City Receives GFOA's Distinguished Budget Award - October 17, 2011

Cooperation, Collaboration and Consolidation Plan - December 2011