City of Grosse Pointe Farms

Budget & Audit Reports

Fiscal Year
Pursuant to the provisions of Section 8.1  of the City Charter, the fiscal year begins on July 1st of each year and ends of June 30th of the following year.

Budget
Under the requirements of the Michigan Uniform Budget Act, the City must annually adopt a budget for the General operating fund and all special revenue funds.

Each year, the budget document is prepared and reviewed by the City Manager, Assistant City Manager and City Controller, based on estimates submitted by the City department heads. 

Subsequent review is conducted by the Budget and Audit Committee, a sub-committee of City Council.  The proposed budget is then submitted to the whole of City Council on or before the first regular meeting in April of each year.  A public hearing on the proposed budget is held prior to adoption.  The annual budget for the next fiscal year must be adopted by Council no later than the third Monday in May.

By City Charter, the budget document must include details of: 
  • proposed expenditures
  • indebtedness
  • proposed millage rates
  • revenue from taxes and other sources
  • estimates of fund balances.

Audit
An audit of the City's financial records is performed annually by an independent public accounting firm.

Annual Comprehensive Financial Report (ACFR)
In connection with the annual audit, and following Governmental Accounting Standards Board (GASB) guidelines, the City prepares a Annual Comprehensive Financial Report (ACFR) covering the fiscal year.
The City of Grosse Pointe Farms has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for the last 28 consecutive years.

Popular Annual Financial Report (PAFR)
The City also produces a Popular Annual Financial Report (PAFR) each year.  This condensed document provides a snapshot of the prior fiscal year through a series of graphs, tables, photographs and brief descriptions.  The PAFR is distributed to each household annually. The City of Grosse Pointe Farms has also received the Award for Outstanding Achievement in Popular Annual Financial Reporting from the GFOA for the last 10 consecutive years. 
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FYE 20222 documents

  • Budget for Fiscal Year 2021-2022 - ADOPTED
    document Header Budget for Fiscal Year 2021-2022 - ADOPTED
  • Budget Presentation - PUBLIC HEARING 05.11.2021
    document Header Budget Presentation - PUBLIC HEARING 05.11.2021

FYE 20217 documents

  • Audit - Annual Financial Report 06.30.2021
    document Header Audit - Annual Financial Report 06.30.2021
  • Audit - Summary Presentation 06.30.2021
    document Header Audit - Summary Presentation 06.30.2021
  • Budget for Fiscal Year 2020-2021
    document Header Budget for Fiscal Year 2020-2021
  • Budget Presentation - PUBLIC HEARING 05.11.2020
    document Header Budget Presentation - PUBLIC HEARING 05.11.2020
  • PAFR - 2021 GPF - !SINGLE PAGE VERSION 06.30.2021
    document Header PAFR - 2021 GPF - !SINGLE PAGE VERSION 06.30.2021
  • PAFR - 2021 GPF - !TWO PAGE SEQUENTIAL VERSION 06.30.2021
    document Header PAFR - 2021 GPF - !TWO PAGE SEQUENTIAL VERSION 06.30.2021
  • PAFR - 2021 GPF - BOOKLET PRINT VERSION (print double sided, flip on short edge) 06.30.2021
    document Header PAFR - 2021 GPF - BOOKLET PRINT VERSION (print double sided, flip on short edge) 06.30.2021

FYE 20205 documents

  • Budget for Fiscal Year 2019-2020
    document Header Budget for Fiscal Year 2019-2020
  • Budget Presentation - PUBLIC HEARING 05.13.2019
    document Header Budget Presentation - PUBLIC HEARING 05.13.2019
  • CAFR - Financial Summary 06.30.2020
    document Header CAFR - Financial Summary 06.30.2020
  • PAFR - 2020 GPF - BOOKLET PRINT VERSION (print double sided, flip on short edge) 06.30.2020
    document Header PAFR - 2020 GPF - BOOKLET PRINT VERSION (print double sided, flip on short edge) 06.30.2020
  • PAFR - 2020 GPF - TWO PAGE SEQUENTIAL VERSION 06.30.2020
    document Header PAFR - 2020 GPF - TWO PAGE SEQUENTIAL VERSION 06.30.2020

FYE 20194 documents

  • Budget for Fiscal Year 2018-2019
    document Header Budget for Fiscal Year 2018-2019
  • CAFR - Financial Summary 06.30.2019
    document Header CAFR - Financial Summary 06.30.2019
  • PAFR - Financial Summary BOOKLET VERSION (print double sided flip on long edge) 06.30.2019
    document Header PAFR - Financial Summary BOOKLET VERSION (print double sided flip on long edge) 06.30.2019
  • PAFR - Financial Summary SINGLE PAGE VERSION 06.30.2019
    document Header PAFR - Financial Summary SINGLE PAGE VERSION 06.30.2019

FYE 20184 documents

  • Budget for Fiscal Year 2017-2018
    document Header Budget for Fiscal Year 2017-2018
  • CAFR - Financial Summary 06.30.2018
    document Header CAFR - Financial Summary 06.30.2018
  • PAFR - Financial Summary - BOOKLET VERSION (print double-sided flip on long edge) 06.30.2018
    document Header PAFR - Financial Summary - BOOKLET VERSION (print double-sided flip on long edge) 06.30.2018
  • PAFR - Financial Summary - SINGLE PAGE VERSION 06.30.2018
    document Header PAFR - Financial Summary - SINGLE PAGE VERSION 06.30.2018

FYE 20173 documents

  • Budget for Fiscal Year 2016-2017
    document Header Budget for Fiscal Year 2016-2017
  • CAFR - Financial Summary 06.30.2017
    document Header CAFR - Financial Summary 06.30.2017
  • PAFR - Financial Summary 06.30.2017
    document Header PAFR - Financial Summary 06.30.2017

FYE 20163 documents

  • Budget for Fiscal Year 2015-2016
    document Header Budget for Fiscal Year 2015-2016
  • CAFR - Financial Summary 06.30.2016
    document Header CAFR - Financial Summary 06.30.2016
  • PAFR - Financial Summary 06.30.2016
    document Header PAFR - Financial Summary 06.30.2016

FYE 20153 documents

  • Budget for Fiscal Year 2014-2015
    document Header Budget for Fiscal Year 2014-2015
  • CAFR - Financial Summary 06.30.2015
    document Header CAFR - Financial Summary 06.30.2015
  • PAFR - Financial Summary 06.30.2015
    document Header PAFR - Financial Summary 06.30.2015

FYE 20143 documents

  • Budget for Fiscal Year 2013-2014
    document Header Budget for Fiscal Year 2013-2014
  • CAFR - Financial Summary 06.30.2014
    document Header CAFR - Financial Summary 06.30.2014
  • PAFR - Financial Summary 06.30.2014
    document Header PAFR - Financial Summary 06.30.2014

FYE 20133 documents

  • Budget for Fiscal Year 2012-2013
    document Header Budget for Fiscal Year 2012-2013
  • CAFR - Financial Summary 06.30.2013
    document Header CAFR - Financial Summary 06.30.2013
  • PAFR - Financial Summary 06.30.2013
    document Header PAFR - Financial Summary 06.30.2013

FYE 20123 documents

  • Budget for Fiscal Year 2011-2012
    document Header Budget for Fiscal Year 2011-2012
  • CAFR - Financial Summary 06.30.2012
    document Header CAFR - Financial Summary 06.30.2012
  • PAFR - Financial Summary 06.30.2012
    document Header PAFR - Financial Summary 06.30.2012

FYE 20113 documents

  • Budget for Fiscal Year 2010-2011
    document Header Budget for Fiscal Year 2010-2011
  • CAFR - Financial Summary 06.30.2011
    document Header CAFR - Financial Summary 06.30.2011
  • PAFR - Financial Summary 06.30.2011
    document Header PAFR - Financial Summary 06.30.2011