Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.

Meeting Details

Meeting Name: Budget, Finance and Audit Standing Committee Agenda status: Final
Meeting date/time: 7/13/2016 1:00 PM Minutes status: Draft  
Meeting location: Committee of the Whole
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video:  
Attachments:
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15-3101 11. Communication or ReportStatus of Legislative Policy Division submitting report relative to Detailed Financial Analysis of the City of Detroit’s FY 2015 General Fund and Government Wide Financial Statements. (The Legislative Policy Division (LPD) in this report provides the City Council with a detailed financial analysis of the City’s FY 2015 General fund and Government Wide financial statements. We analyzed the General Fund’s Unassigned Surplus, Balance Sheet and Revenues and Expenditures. Also, the Legislative Policy Division analyzed in detail the Government Wide Primary Government’s Statement of Net Position and Statement of Activities. The Legislative Policy Division also provide the statements for FY 2014 and FY 2013 for comparison. The FY 2013 statements show the City before the bankruptcy. The FY 2014 statements show the City in bankruptcy. The FY 2015 statements show the City after bankruptcy.) (BROUGHT BACK AS DIRECTED ON 6-29-16)   Not available
15-3103 12. Communication or ReportStatus of Legislative Policy Division submitting report relative to Popular Annual Financial Report (PAFR) for FY 2015. (The purpose of this report is to present a Popular Annual Financial Report (PAFR) for FY 2015 using data from the City’s Comprehensive Annual Financial Report as of June 30, 2015 (2015 CAFR) for the Duggan Administration to consider producing on an annual basis to enable citizens and other interested parties to read an “executive summary” style document giving a general overview of the City of Detroit’s financial condition.) (BROUGHT BACK AS DIRECTED ON 6-29-16)   Not available
15-3104 13. ContractSubmitting reso. autho. Contract No. 6000229 - 100% Federal Funding - To Provide Economic Development Professional Service - Contractor: Detroit Economic Growth Corporation, Location: 500 Griswold, Suite 2200, Detroit, MI. 48226 - Contract Period July 1, 2016 through June 30, 2017 - Total Contract Amount: $1,117,000.00. HOUSING AND REVITALIZATION (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 7-13-16)   Not available
15-3106 14. Communication or ReportSubmitting report relative to Benchmark Comparison of the City of Detroit’s 2015 Comprehensive Annual Financial Report (CAFR) with other cities. (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 7-13-16)   Not available
15-3107 15. Communication or ReportSubmitting report relative to Review of the 2015 Comprehensive Annual Financial Report (CAFR) for the City of Detroit. (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 7-13-16)   Not available
15-3109 16. ResolutionSubmitting reso. autho. Request to Accept and Appropriate The Regents of the University of Michigan. (The Regents of the University of Michigan has granted the City of Detroit Treasury Tax Division $14,900.00. There is no match required for this grant. The grant period is for up to one year of the date of council approval.) (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 7-13-16)   Not available