Section 141.421 – Uniform Charts of Accounts for Local Units; Design; Conformity to Uniform Standards; Maintenance of Local Unit Accounts; Publication of Standard Operating Procedures and Forms; Assistance, Advice, or Instruction; Inadequacy of Local Unit; Report; Services of Certified Public Accountant or State Treasurer; Expenses; Payment; Contract; Monthly Billings.
141.421 Uniform charts of accounts for local units; design; conformity to uniform standards; maintenance of local unit accounts; publication of standard operating procedures and forms; assistance, advice, or instruction; inadequacy of local unit; report; services of certified public accountant or state treasurer; expenses; payment; contract; monthly billings. Sec. 1. (1) The state treasurer shall prescribe […]
Section 141.421a – Short Title.
141.421a Short title. Sec. 1a. This act shall be known and may be cited as the “uniform budgeting and accounting act”. History: Add. 1978, Act 621, Eff. Apr. 1, 1980
Section 141.422 – Meanings of Words and Phrases.
141.422 Meanings of words and phrases. Sec. 2. For the purposes of this act, the words and phrases defined in sections 2a to 2d have the meanings ascribed to them in those sections. History: 1968, Act 2, Imd. Eff. Feb. 20, 1968 ;– Am. 1978, Act 621, Eff. Apr. 1, 1980
Section 141.422a – Definitions; A, B.
141.422a Definitions; A, B. Sec. 2a. (1) “Administrative officer” means an individual employed or otherwise engaged by a local unit to supervise a budgetary center. (2) “Allotment” means a portion of an appropriation which may be expended or encumbered during a certain period of time. (3) “Appropriation” means an authorization granted by a legislative body […]
Section 141.422b – Definitions; B to D.
141.422b Definitions; B to D. Sec. 2b. (1) “Budgetary center” means a general operating department of a local unit or any other department, institution, court, board, commission, agency, office, program, activity, or function to which money is appropriated by the local unit. (2) “Capital outlay” means a disbursement of money which results in the acquisition […]
Section 141.422c – Definitions; E to G.
141.422c Definitions; E to G. Sec. 2c. (1) “Expenditure” means the cost of goods delivered or services rendered, whether paid or unpaid, including expenses, debt retirement not reported as a liability of the fund from which retired, or capital outlay. (2) “General appropriations act” means the budget as adopted by the legislative body or as […]
Section 141.422d – Definitions; D to S.
141.422d Definitions; D to S. Sec. 2d. (1) “Depository library” means a depository library designated under section 10 of the library of Michigan act, 1982 PA 540, MCL 397.20. (2) “Legislative body” means any of the following: (a) The council, commission, or other entity vested with the legislative power of a village. (b) The council […]
Section 141.423 – Publication; Hearings.
141.423 Publication; hearings. Sec. 3. The state treasurer, before the adoption of a uniform chart of accounts, shall provide for advance publication and for hearings thereon with an advisory committee selected by the state treasurer from the local units and from other interested or concerned groups. The uniform chart of accounts, when finally adopted, shall […]
Section 141.424 – Annual Financial Report; Contents; Filing; Extension; Unauthorized Investments Prohibited; “Pension” Defined.
141.424 Annual financial report; contents; filing; extension; unauthorized investments prohibited; “pension” defined. Sec. 4. (1) The chief administrative officer of each local unit shall make an annual financial report (local unit fiscal report) which shall be uniform for all local units of the same class. (2) The annual financial report shall contain for each fiscal […]