110.1 Fiscal year. Sec. 1. The fiscal year of cities subject to the provisions of this act shall commence on the first Monday of March in each year, or when the council has decided to have the taxes collected in 2 installments, as authorized by section 2 of chapter 30, the fiscal year shall commence […]
110.10 Expense estimates of council; time, contents. Sec. 10. It shall be the duty of the council to cause estimates to be made in the month of September, or in the month of May in each year, where the council has decided to have the taxes levied and collected in 2 installments as authorized in […]
110.11 Expense estimate of council; deficiencies; installment levies. Sec. 11. The council shall also in the same month determine upon the amount required to be raised in the next general tax levy to meet any deficiencies for the current year; also the amount or part of any special assessments which they required to be levied […]
110.12 Annual appropriation bill; purpose; contents. Sec. 12. The council shall also in the said month of September, or in said month of May where the council has decided to have the taxes levied and paid in 2 installments as authorized in section 2 of chapter 30, pass an ordinance, to be termed the annual […]
110.13 Taxes certified to board of supervisors and ward supervisors; manner. Sec. 13. All sums ordered in the annual appropriation bill, in any year to be raised for the several general funds (except in cases where the council have decided to have the taxes levied and collected in 2 installments, in which case such sums […]
110.14 Annual appropriation bill; raising of moneys after passage prohibited. Sec. 14. After the passage of the annual appropriation bill, no further sums shall be used, raised or appropriated; nor shall any further liability be incurred for any purpose, to be paid from any general fund or street district fund, during the fiscal year for […]
110.15 Improvements prohibited unless appropriation made; expenditures only from appropriations. Sec. 15. No improvement, work, repairs or expense, to be paid for out of any general fund, or street district fund, excepting as herein otherwise provided, shall be ordered, commenced or contracted for, or incurred in any fiscal year, unless in pursuance of an appropriation […]
110.16 Improvements financed by special assessments. Sec. 16. Sections 14 and 15 of this chapter do not apply to appropriations, contracts, incurring of liabilities, expenditures and work in connection with any improvements financed by special assessments. History: 1895, Act 215, Eff. Aug. 30, 1895 ;– CL 1897, 3304 ;– Am. 1899, Act 136, Imd. Eff. […]
110.17 Improvement before tax levy prohibited. Sec. 17. No public work, improvement or expenditure shall be commenced, nor any contract therefor be let or made, except as herein otherwise provided, until a tax or assessment shall have been levied to pay the cost and expense thereof, and no such work or improvement shall be paid […]
110.18 Taxes and loans for capital improvements; bonds; limitation. Sec. 18. Instead of levying a tax for the whole amount authorized by this act to be raised in that manner in any year, for the purpose of the capital improvements, the council may, in its discretion, raise a part thereof by tax and a part […]
110.19 Loan in anticipation of receipts from special assessments; purpose; limitation; bonds. Sec. 19. The council shall also have authority to raise moneys by loan in anticipation of the receipts from special assessments for the purpose of defraying the costs of the improvement for which the assessment was levied. Such loan shall not exceed the […]
110.2 Council’s power of taxation; collection; installments. Sec. 2. The council of any such city shall have authority, within the limitations herein prescribed, to raise annually by taxation within the corporation such sum of money as may be necessary to defray the expenses and pay the liabilities of the city and to carry into effect […]
110.20 Tax or loan to raise greater amount; vote of electors; maximum amount; limitation on amount of indebtedness; fire, flood, or other calamity requiring emergency fund; exclusions from computation of net indebtedness; deducting resources of sinking fund; validation of bonds or contract or assessment obligations; calculating assessed value equivalent. Sec. 20. (1) If a greater […]
110.21 Bonds; approval of electors required; exceptions. Sec. 21. Bonds shall not be issued, except special assessment bonds, bonds for the portion of the cost of local improvements to be paid by the city at large, not to exceed 40% of the cost of the improvements, bonds for capital improvements in the annual budget as […]
110.22 Accounting rules; moneys received. Sec. 22. All moneys and taxes raised, loaned or appropriated for the purposes of any particular fund, shall be paid in and credited to such fund, and shall be applied to the purposes for which such moneys were raised and received, and to none other; nor shall the moneys belonging […]
110.23 Moneys; procedure for disbursement. Sec. 23. No money shall be drawn from the treasury, except in pursuance of the authority and appropriation of the council and upon the warrant of the clerk. Such warrant shall specify the fund from which it is payable, and shall be paid from no other fund. History: 1895, Act […]
110.24 Moneys; drawing upon exhausted funds; warrants on such funds declared void. Sec. 24. No warrant shall be drawn upon the treasury, after the fund from which it should be paid has been exhausted; nor when the liabilities outstanding, and previously incurred and payable from such fund, are sufficient to exhaust it. Any warrant, draft […]
110.25 Loans; limitation; bonds. Sec. 25. Loans shall not be made by the council, or by its authority, in any year exceeding the amounts prescribed in this act. For any loans lawfully made, the bonds of the city may be issued, subject to the provisions of the revised municipal finance act, 2001 PA 34, MCL […]
110.26 Annual accounts audit by council; statement, contents. Sec. 26. Immediately upon the close of the fiscal year the council shall audit and settle the accounts of the city treasurer and other officers of the city, and the accounts also, as far as practicable, of all persons having claims against the city, or accounts with […]
110.27 Statement of receipts; filing, publication. Sec. 27. Said statement, signed by the mayor and clerk, shall be filed in the office of the city clerk, and a copy thereof published in 1 of the newspapers of the city. History: 1895, Act 215, Eff. Aug. 30, 1895 ;– CL 1897, 3315 ;– CL 1915, 3239 […]
