RE: Compliance Form 4886 for Charter Township of Shelby, MI Transparency & Accountability

Transcription

1 CVTRS & CIP Compliance Report - Charter Township of Shelby 11/27/2017 Michigan Department of Treasury Revenue Sharing and Grants Division PO Box Lansing MI RE: Compliance Form 4886 for Charter Township of Shelby, MI Transparency & Accountability The Charter Township of Shelby is pleased to submit form 4886 with the required documents per Public Act 107, in compliance with the State of Michigan's Transparency and Accountability Initiative. The Charter Township of Shelby has chosen to use a web-service for this requirement, and has partnered with Munetrix to showcase our data. Included with this letter are the required documents for Charter Township of Shelby's: Citizen s Guide to Finances including our Pension and OPEB status Performance Dashboard Debt Service Report Projected Budget Report We have made the data available to the public via a link on our website; as well we will make available limited quantities of paper copies in our municipality lobby and notify residents in our periodic mailings. You will find the confirmation of our website link and various supporting transparency documentation included with this letter. We look forward to receiving these important funds from the State of Michigan and trust you will contact us if there are any questions or concerns. Sincerely, Richard Stathakis Township Supervisor Generated via Munetrix Munetrix, LLC. All rights reserved. 1/39

2 CVTRS & CIP Compliance Report - Charter Township of Shelby 11/27/2017 Michigan Department of Treasury (Recreated) 4886 (Rev ) City, Village, and Township Revenue Sharing and County Incentive Program Certification Issued under authority of 2017 Public Act 107. Filing is mandatory to qualify for payments. Each city/village/township/county applying for City, Village, and Township Revenue Sharing or County Incentive Program payments must: 1. Certify to the Michigan Department of Treasury (Treasury) that the local unit listed below has produced and made available to the public a Citizen s Guide, a Performance Dashboard, a Debt Service Report, and a Projected Budget Report as required by 2017 Public Act 107. The local unit must include in any mailing of general information to its citizens, the Internet website address or the physical location where all the documents are available for pubic viewing in the clerk s office. 2. Submit to Treasury a Citizen's Guide, a Performance Dashboard, a Debt Service Report, and a Projected Budget Report. This certification, along with a Citizen's Guide, a Performance Dashboard, a Debt Service Report, and a Projected Budget Report, must be received by December 1, 2017, (or the first day of a payment month) in order to qualify for that month's payment. Postmark dates will not be considered. For questions, call PART 1: LOCAL UNIT INFORMATION Local Unit Name Charter Township of Shelby Local Unit Code Local Unit County Name Macomb County Contact Address mcdonalda@shelbytwp.org Contact Name Allan McDonald Contact Title Finance Director Contact Telephone Number Extension Website Address, if reports are available online PART 2: CITIZEN'S GUIDE Check any of the following that apply: Current Fiscal Year End Date [ ] The local unit has elected to use Treasury s online Citizen s Guide to comply with the legislative requirements. Therefore, a copy of the Citizen s Guide will not be submitted to Treasury. [ ] The local unit does not have any unfunded pensions or other post employment benefits (OPEB). PART 3: CERTIFICATION In accordance with 2017 Public Act 107, the undersigned hereby certifies to Treasury that the above mentioned local unit 1) has produced a Citizen s Guide, a Performance Dashboard, a Debt Service Report, and a Projected Budget Report and 2) will include in any mailing of general information to our citizens, the Internet website address or the physical location where all the documents are available for public viewing in the clerk s office. The Citizen s Guide, Performance Dashboard, Debt Service Report, and Projected Budget Report are attached to this signed certification, unless otherwise noted in Part 2. Chief Administrative Officer Signature (as defined in MCL b) Printed Name of Chief Administrative Officer (as defined in MCL b) Richard Stathakis Title Township Supervisor Date November 27, 2017 Completed and signed form (including required attachments) should be ed to: TreasRevenueSharing@michigan.gov If you are unable to submit via , fax to or mail the completed form and required attachments to: Michigan Department of Treasury Revenue Sharing and Grants Division PO Box Lansing MI CVTRS/CIP Eligible Y N TREASURY USE ONLY Certification Received Citizen's Guide Received Performance Dashboard Received Debt Service Report Received Projected Budget Report Received Final Certification CVTRS/CIP Notes Generated via Munetrix Munetrix, LLC. All rights reserved. 2/39

3 General Info Name Type Fiscal Year End Population (2010) Phone Website Shelby Township Township December 73,842 (586) Multi-Year General Fund Only Year Data Fiscal Population General Fund General Fund * Available Fund Taxable Value Status Score Revenues Expenditures Balance 2018 Budget 0 76,236 $18,401,484 $17,467,235 $12,117,312 $3,104,678, Amended Budget 1 76,236 $32,579,516 $34,090,040 $11,183,063 $3,137,213, Historic 0 76,236 $17,910,938 $19,519,899 $12,625,677 $3,020,254, Historic 0 77,643 $16,948,553 $16,235,510 $14,244,654 $2,998,222, Historic 0 77,000 $17,706,928 $16,300,869 $13,508,240 $2,866,473,190 * Available Fund Balance includes Committed, Assigned, and Unassigned Funds. It excludes Nonspendable and Restricted Funds. 40M How We Have Managed Our Resources 30M 20M Revenues Expenditures Fund Balance 10M 0M Fiscal Year Generated via Munetrix Munetrix, LLC. All rights reserved. 3/39

4 Fiscal Year Assumptions Notes 2018 Notes: REVENUE ASSUMPTIONS Note: 2018 information reflects General Fund only. Numbers based on projected taxes to be levied in December 2017 for 2018 property tax revenues. FY2018 projected payments for state revenue sharing. Community development prediction of historical + economic data for building permits and planning fees based on very conservative growth and slight permit fee increase. Average of past five years used for some revenues. District Court fines estimated to resemble 2016 levels. EXPENSE ASSUMPTIONS 2% increase in wages as of 7/1/18 (1/1/18 for court employees). Two additional hires above those estimated for Health care costs projected using available 2018 illustrative rates. Average of past five years used for some expenses. Liability and auto insurance expenses increase 5% Notes: REVENUE ASSUMPTIONS Note: 2017 information includes General Fund only. Current YTD used for property tax revenues. Decrease from 2014 to 2015 represents.18 mill shift from General Fund to Police Fund. YTD through August plus 95% of FY 2017 remaining for state revenue sharing includes seven stateshared revenue payments due to a timing recognition change. Community development prediction of historical + economic data for building permits and planning fees. In 2017, large development accounted for major increase in building permits. Average of past five years used for some revenues. Other revenue decrease due to several large one-time revenues received in 2016 such as fixed asset sale, election reimbursement, and large donation. Transfers in assumes proceeds from sale of Township property housed outside of General Fund transferred in in EXPENSE ASSUMPTIONS 1.5% wage increase effective effective 7/1/17 (1/1/17 for court employees). Three additional hires from 2016 but otherwise only replacement hires due to retirements, resignations, or terminations. Health care costs projected at current illustrative rates through the remainder of the year. Average of past five years used for some expenses Spike in Other expenses in 2017 due to anticipated $5 million dollar additional contribution to OPEB Trust as a result of pending sale of Township property mentioned previously. In 2015 over $1.1 million was transferred from General Fund to a Capital Projects Fund for District Court/Community Center building improvements. This amount increased to $3.6 million in Additional $10 million contributed for this purpose in 2017 as a result of pending sale of Township property. $2.8 million transferred to Capital Improvement Fund to fund future PD expansion. Generated via Munetrix Munetrix, LLC. All rights reserved. 4/39

5 Financial Statement Including General Fund only Balance Sheet Category Name Fund Equity $12,117,312 $11,183,063 $12,693,587 $14,302,548 $13,589,505 Total Assets N/A N/A $16,381,464 $17,738,592 $16,832,228 Total Liabilities $0 $0 $3,687,877 $3,436,044 $3,242,723 * Fund Equity includes all five fund types: Committed, Assigned, Unassigned, Nonspendable and Restricted Funds. Generated via Munetrix Munetrix, LLC. All rights reserved. 5/39

6 Revenues Category Name Contributions from other local govts $222,708 $222,708 $222,708 $222,808 $212,937 Federal contributions $4,930 Fines & Forfeits $2,395,112 $2,709,912 $2,482,606 $2,255,055 $2,110,463 Interest, Rents & Royalties $540,004 $523,050 $428,435 $435,520 $378,532 Licenses and Permits $1,588,603 $2,163,811 $1,573,606 $1,470,880 $1,167,776 Other Revenue $191,655 $191,053 $773,455 $520,726 $524,955 Other Services $2,809,048 $2,922,405 $2,946,439 $2,787,251 $2,676,561 Parks and recreation $495,000 $452,112 $444,476 $480,271 $528,016 Property taxes $3,164,460 $3,036,809 $2,989,623 $2,884,552 $3,326,137 State contributions $130,065 $130,352 $164,792 $89,183 $89,223 State Revenue Sharing $6,173,653 $6,007,541 $5,884,798 $5,740,968 $6,688,744 Transfers In $691,176 $14,219,763 $56,409 $3,584 Total $18,401,484 $32,579,516 $17,910,938 $16,948,553 $17,706,928 40M Where The Money Comes From General Fund Only 30M 20M 10M Contributions from other local govts Federal contributions Fines & Forfeits Interest, Rents & Royalties Licenses and Permits Other Revenue Other Services Parks and recreation Property taxes State contributions State Revenue Sharing Transfers In 0M Fiscal Year Generated via Munetrix Munetrix, LLC. All rights reserved. 6/39

7 Expenses Category Name Capital Outlay & Special Items $284,285 $345,546 $298,546 $167,711 $48,628 Community & Economic Development $1,885,910 $1,872,696 $1,689,762 $1,482,858 $1,328,583 General Government $4,549,011 $4,127,225 $4,206,266 $3,942,660 $4,032,807 Judicial $2,590,455 $2,580,642 $2,471,302 $2,316,957 $2,255,518 Library $1,092,036 $1,051,092 $1,002,266 $891,631 $957,820 Other $1,851,725 $6,840,095 $1,625,150 $1,617,400 $1,698,609 Public Works Department $284,080 $285,100 $276,517 $269,749 $270,309 Recreation & Culture $2,874,831 $2,663,675 $2,599,767 $2,556,965 $2,536,160 Transfers Out $2,054,902 $14,323,969 $5,350,323 $2,989,579 $3,172,435 Total $17,467,235 $34,090,040 $19,519,899 $16,235,510 $16,300,869 40M How The Money Is Spent 35M 30M General Fund Only 25M 20M 15M Capital Outlay & Special Items Community & Economic Development General Government Judicial Library Other Public Works Department Recreation & Culture Transfers Out 10M 5M 0M Fiscal Year Generated via Munetrix Munetrix, LLC. All rights reserved. 7/39

8 Supplementary Information (Pension / OPEB) Category Name Pensions Actuarial Liability N/A N/A $104,884,791 $101,519,715 $95,511,396 Pension Fund Assets N/A N/A $101,157,841 $97,976,099 $94,341,585 OPEB Actuarial Liability N/A N/A $89,174,816 $84,443,078 $84,443,078 OPEB Fund Assets N/A N/A $24,461,957 $19,855,870 $19,855, M Pension Fund Status 100M 50M Pension Assets Pension Obligations 0M Fiscal Year Pension Notes: The Township issued pension obligation bonds in 2014 and borrowed money internally in order to fully fund the Township's pension liability. Due to asset smoothing, the Township is actuarially funded at 96.4% as of 12/31/16. Generated via Munetrix Munetrix, LLC. All rights reserved. 8/39

9 Other Post-Employment Benefit Fund Status 100M 75M 50M OPEB Assets OPEB Obligations 25M 0M Fiscal Year OPEB Notes: 2016 OPEB information updated to reflect new actuarial report obtained in Due to financial statement reporting changes, the Township is currently in the process of obtaining an actuarial report for Generated via Munetrix Munetrix, LLC. All rights reserved. 9/39

10 Fund Equity Detail Category Name Assigned $0 $0 $177,575 $1,269,813 $13,786 Committed $0 $0 Nonspendable $0 $0 $67,910 $57,894 $81,265 Restricted $0 $0 Unassigned $12,117,312 $11,183,063 $12,448,102 $12,974,841 $13,494,454 Copyright 2017 Munetrix, LLC. All rights reserved. Generated via Munetrix Munetrix, LLC. All rights reserved. 10/39

11 Dashboard for Charter Township of Shelby View details in the Citizens' Guide Fiscal Stability Progress Annual General Fund expenditures per capita $209 $256 Fund balance as % of General Fund Revenues 84.0% 70.5% Other Post Employment Benefits % Funded 23.5% 27.4% Pension % Funded 96.5% 96.4% Debt burden per capita $122.7 $119.5 Economy & Financial Health Progress Job Creation Total Number of New Jobs - - Economic Development Progress Residential Building Permits - - Public Safety Progress Crimes against persons per thousand residents Crimes against property per thousand residents Crimes against society per thousand residents Police Dispatch Time Average Fire - EMS Dispatch Time Average School District Enrollment Progress Rochester Community School District 14,940 15,015 Romeo Community Schools 5,405 5,362 Utica Community Schools 28,314 28,148 Community Participation Progress Voter Turnout in Last Local Election - - Culture & Lifestyle Progress Acres of park per thousand residents - - Percent of Governmental Funds committed to arts culture 5.70% 5.15% and recreation Generated via Munetrix Munetrix, LLC. All rights reserved. 11/39

12 Walking and Bike Path Miles - - Pension Notes: The Township issued pension obligation bonds in 2014 and borrowed money internally in order to fully fund the Township's pension liability. Due to asset smoothing, the Township is actuarially funded at 96.4% as of 12/31/16. OPEB Notes: 2016 OPEB information updated to reflect new actuarial report obtained in Due to financial statement reporting changes, the Township is currently in the process of obtaining an actuarial report for Copyright 2017 Munetrix, LLC. All rights reserved. Generated via Munetrix Munetrix, LLC. All rights reserved. 12/39

13 Print Charter Township of Shelby Local Code: Debt Service Summary Report Bonds & contracts payable Fiscal Years Name Building Authority Refunding Bonds: 2008 Building Authority Refunding Bonds: 2009 State Revolving Fund (SRF) Clean Water: 357, , , , , ,250 7,579 7,454 7,329 7, Clintondale Pump Station: 206, , , , N Gratiot Drainage Assessment: 4,562 4,544 4,542 4, OMID Series 2010A (SRF): 78,949 79,021 78,821 78, OMID Series 2010B: 26,284 26,277 26,213 26, OMID Drain Bonds Series 2014A: 30,683 30,637 30,914 30, Pension Obligation Bonds: 878, , , , MID SRF : 23,247 22,552 22,684 22, N. Gratiot Drainage Assessment: 27,224 51,214 50,156 57, A MID (New Money Portion): 104, , , A MID (Refunding Portion): 153, , ,352 Subtotal for Bonds & contracts payable $2,489,477 $2,706,744 $2,820,240 $2,777,126 Total Principal & Interest $2,489,477 $2,706,744 $2,820,240 $2,777,126 Generated via Munetrix Munetrix, LLC. All rights reserved. 13/39

14 Charter Township of Shelby Complete Debt Report for 2006 Building Authority Refunding Bonds: Issuance Information Debt Type: Activity Type: Repayment Source: Bonds & contracts payable Business-type/Enterprise General Obligation Issuance Date: Issuance Amount: $3,730,000 Interest Rate: % Maturing Through: 2024 Principal Maturity Range: Registrar / Agent: Purpose: Payment Schedule Date Due Interest Rate $140,000 - $300,000 The Bank of New York Trust Company DPW Building Bond Principal Interest Payment Balance % 51, , $2,455, % 255, , , $2,200, % 44, , $2,200, % 260, , , $1,940, % 38, , $1,940, % 255, , , $1,685, % 33, , $1,685, % 255, , , $1,430, % 28, , $1,430, % 250, , , $1,180, % 23, , $1,180, % 300, , , $880, % 17, , $880, % 295, , , $585, % 11, , $585, % 295, , , $290, % 5, , $290, % 290, , , Generated via Munetrix Munetrix, LLC. All rights reserved. 14/39

15 Totals $2,455, $509, $2,964, Generated via Munetrix Munetrix, LLC. All rights reserved. 15/39

16 Charter Township of Shelby Complete Debt Report for 2008 Building Authority Refunding Bonds: Issuance Information Debt Type: Activity Type: Repayment Source: Bonds & contracts payable Business-type/Enterprise General Obligation Issuance Date: Issuance Amount: $7,325,000 Interest Rate: % Maturing Through: 2017 Principal Maturity Range: Payment Schedule Date Due Interest Rate $540,000 - $810,000 Principal Interest Payment Balance % 41, , $1,515, % 765, , , $750, % 20, , $750, % 750, , , $0.00 Totals $1,515, $124, $1,639, Generated via Munetrix Munetrix, LLC. All rights reserved. 16/39

17 Charter Township of Shelby Complete Debt Report for 2009 State Revolving Fund (SRF) Clean Water: Issuance Information Debt Type: Bonds & contracts payable Activity Type: Business-type/Enterprise Repayment Source: General Obligation Issuance Date: Issuance Amount: $133,150 Interest Rate: 2.50% Maturing Through: 2029 Principal Maturity Range: $5,000 - $10,000 Purpose: Final Clean Water Program Comments: Project MMBA SRF Loan Payment Schedule Date Due Interest Rate Principal Interest Payment Balance % 1, , $103, % 5, , , $98, % 1, , $98, % 5, , , $93, % 1, , $93, % 5, , , $88, % 1, , $88, % 5, , , $83, % 1, , $83, % 5, , , $78, % $78, % 5, , $73, % $73, % 5, , $68, % $68, % 10, , $58, % $58, % 10, , $48, % $48, % 10, , $38, % $38, Generated via Munetrix Munetrix, LLC. All rights reserved. 17/39

18 % 10, , $28, % $28, % 10, , $18, % $18, % 10, , $8, % $8, % 8, , Totals $103, $22, $125, Generated via Munetrix Munetrix, LLC. All rights reserved. 18/39

19 Charter Township of Shelby Complete Debt Report for 2010 Clintondale Pump Station: Issuance Information Debt Type: Activity Type: Repayment Source: Bonds & contracts payable Business-type/Enterprise General Obligation Issuance Date: Issuance Amount: $2,849,191 Interest Rate: 2.50% % Maturing Through: 2031 Principal Maturity Range: Payment Schedule Date Due Interest Rate $64,754 - $231,265 Principal Interest Payment Balance % 92, , , $2,456, % 55, , $2,456, % 101, , , $2,354, % 53, , $2,354, % 111, , , $2,243, % 50, , $2,243, % 120, , , $2,123, % 47, , $2,123, % 129, , , $1,993, % 44, , $1,993, % 138, , , $1,854, % 40, , $1,854, % 148, , , $1,706, % 37, , $1,706, % 152, , , $1,554, % 33, , $1,554, % 161, , , $1,392, % 29, , $1,392, % 171, , , $1,221, % 25, , $1,221, % 180, , , $1,040, % 20, , $1,040, Generated via Munetrix Munetrix, LLC. All rights reserved. 19/39

20 % 185, , , $855, % 17, , $855, % 198, , , $656, % 13, , $656, % 208, , , $448, % 8, , $448, % 217, , , $231, % 4, , $231, % 231, , , $0.00 Totals $2,548, $1,023, $3,571, Generated via Munetrix Munetrix, LLC. All rights reserved. 20/39

21 Charter Township of Shelby Complete Debt Report for 2010 N Gratiot Drainage Assessment: Issuance Information Debt Type: Activity Type: Repayment Source: Bonds & contracts payable Business-type/Enterprise General Obligation Issuance Date: Issuance Amount: $73,021 Interest Rate: % Maturing Through: 2035 Principal Maturity Range: $1,398 - $4,196 Purpose: MIDD NGI 2010 (LTO) Drain Bind Fund Number: Comments: North Gratiot Interceptor Drain Drainage District - Limited Tax General Obligation - Percentage Share of MCWWDD Share of Debt Service.4304% - Payment Schedule after the 45% Interest Credit Payment Schedule Date Due Interest Rate Principal Interest Payment Balance % 2, , , $60, % 1, , $60, % 2, , , $57, % 1, , $57, % 2, , , $55, % 1, , $55, % 2, , , $52, % $52, % 2, , $50, % $50, % 2, , $47, % $47, % 2, , $44, % $44, % 2, , $42, % $42, % 2, , $39, % $39, % 2, , $36, Generated via Munetrix Munetrix, LLC. All rights reserved. 21/39

22 % $36, % 3, , $33, % $33, % 3, , $29, % $29, % 3, , $26, % $26, % 3, , $23, % $23, % 3, , $19, % $19, % 3, , $15, % $15, % 3, , $12, % $12, % 3, , $8, % $8, % 4, , $4, % $4, % 4, , $0.00 Totals $62, $26, $88, Generated via Munetrix Munetrix, LLC. All rights reserved. 22/39

23 Charter Township of Shelby Complete Debt Report for 2010 OMID Series 2010A (SRF): Issuance Information Debt Type: Activity Type: Repayment Source: Bonds & contracts payable Business-type/Enterprise Revenue - Sewer Issuance Date: Issuance Amount: $1,242,274 Interest Rate: 2.50% Maturing Through: 2031 Principal Maturity Range: Purpose: $48,402 - $77,892 Drain Bond Fund Number: Comments: Oakland-Macomb Interceptor Drain Drainage District - 45% interest credit Payment Schedule Date Due Interest Rate Principal Interest Payment Balance % 53, , , $987, % 12, , $987, % 55, , , $932, % 11, , $932, % 56, , , $876, % 10, , $876, % 57, , , $818, % 10, , $818, % 59, , , $759, % 9, , $759, % 60, , , $698, % 8, , $698, % 62, , , $636, % 7, , $636, % 63, , , $572, % 7, , $572, % 65, , , $506, % 6, , $506, % 67, , , $439, Generated via Munetrix Munetrix, LLC. All rights reserved. 23/39

24 % 5, , $439, % 68, , , $370, % 4, , $370, % 70, , , $300, % 3, , $300, % 72, , , $227, % 2, , $227, % 74, , , $153, % 1, , $153, % 75, , , $77, % $77, % 77, , $0.00 Totals $1,040, $221, $1,262, Generated via Munetrix Munetrix, LLC. All rights reserved. 24/39

25 Charter Township of Shelby Complete Debt Report for 2010 OMID Series 2010B: Issuance Information Debt Type: Activity Type: Repayment Source: Bonds & contracts payable Business-type/Enterprise Revenue - Sewer Issuance Date: Issuance Amount: $319,195 Interest Rate: 1.15% % Maturing Through: 2030 Principal Maturity Range: $9,051 - $24,773 Purpose: Drain Bond Fund Number: Comments: Oakland-Macomb Interceptor Drain Drainage District. Federally Taxable Recovery Zone Economic Development Bonds Payment Schedule Date Due Interest Rate Principal Interest Payment Balance % 12, , , $252, % 6, , $252, % 12, , , $239, % 6, , $239, % 13, , , $226, % 6, , $226, % 14, , , $212, % 5, , $212, % 14, , , $197, % 5, , $197, % 15, , , $182, % 5, , $182, % 16, , , $166, % 4, , $166, % 17, , , $148, % 4, , $148, % 18, , , $130, % 3, , $130, % 19, , , $111, % 3, , $111, Generated via Munetrix Munetrix, LLC. All rights reserved. 25/39

26 % 20, , , $91, % 2, , $91, % 21, , , $70, % 2, , $70, % 22, , , $48, % 1, , $48, % 23, , , $24, % $24, % 24, , $0.00 Totals $265, $126, $391, Generated via Munetrix Munetrix, LLC. All rights reserved. 26/39

27 Charter Township of Shelby Complete Debt Report for 2014 OMID Drain Bonds Series 2014A: Issuance Information Debt Type: Bonds & contracts payable Activity Type: Business-type/Enterprise Repayment Source: General Obligation Issuance Date: Issuance Amount: $476,441 Interest Rate: % Maturing Through: 2034 Principal Maturity Range: $18,438 - $31,279 Payment Schedule Date Due Interest Rate Principal Interest Payment Balance % 5, , $458, % 18, , , $439, % 5, , $439, % 19, , , $420, % 5, , $420, % 19, , , $400, % 5, , $400, % 20, , , $380, % 5, , $380, % 20, , , $359, % 4, , $359, % 21, , , $338, % 4, , $338, % 21, , , $316, % 4, , $316, % 22, , , $294, % 4, , $294, % 22, , , $271, % 4, , $271, % 23, , , $248, % 3, , $248, % 24, , , $223, % 3, , $223, Generated via Munetrix Munetrix, LLC. All rights reserved. 27/39

28 % 25, , , $198, % 3, , $198, % 25, , , $173, % 2, , $173, % 26, , , $146, % 2, , $146, % 27, , , $119, % 1, , $119, % 28, , , $90, % 1, , $90, % 29, , , $61, % $61, % 30, , $31, % $31, % 31, , $0.00 Totals $458, $140, $598, Generated via Munetrix Munetrix, LLC. All rights reserved. 28/39

29 Charter Township of Shelby Complete Debt Report for 2014 Pension Obligation Bonds: Issuance Information Debt Type: Activity Type: Repayment Source: Bonds & contracts payable Government General Obligation Issuance Date: Issuance Amount: $9,300,000 Interest Rate: % Maturing Through: 2027 Principal Maturity Range: Purpose: Payment Schedule Date Due Interest Rate $630,000 - $860,000 Pension Funding Principal Interest Payment Balance % 124, , $8,665, % 630, , , $8,035, % 118, , $8,035, % 640, , , $7,395, % 111, , $7,395, % 650, , , $6,745, % 105, , $6,745, % 665, , , $6,080, % 98, , $6,080, % 680, , , $5,400, % 88, , $5,400, % 695, , , $4,705, % 77, , $4,705, % 720, , , $3,985, % 67, , $3,985, % 740, , , $3,245, % 55, , $3,245, % 765, , , $2,480, % 43, , $2,480, % 795, , , $1,685, % 29, , $1,685, Generated via Munetrix Munetrix, LLC. All rights reserved. 29/39

30 % 825, , , $860, % 15, , $860, % 860, , , $0.00 Totals $8,665, $1,872, $10,537, Generated via Munetrix Munetrix, LLC. All rights reserved. 30/39

31 Charter Township of Shelby Complete Debt Report for 2015 MID SRF : Issuance Information Debt Type: Bonds & contracts payable Activity Type: Business-type/Enterprise Repayment Source: Revenue - Sewer Issuance Date: Issuance Amount: $355,314 Interest Rate: 2.50 Maturing Through: 2035 Principal Maturity Range: $14,019 - $22,237 Payment Schedule Date Due Interest Rate Principal Interest Payment Balance % 4, , $355, % 14, , , $341, % 4, , $341, % 14, , , $327, % 4, , $327, % 14, , , $312, % 3, , $312, % 14, , , $297, % 3, , $297, % 15, , , $282, % 3, , $282, % 15, , , $266, % 3, , $266, % 15, , , $250, % 3, , $250, % 16, , , $234, % 2, , $234, % 16, , , $217, % 2, , $217, % 17, , , $200, % 2, , $200, % 17, , , $182, % 2, , $182, Generated via Munetrix Munetrix, LLC. All rights reserved. 31/39

32 % 18, , , $163, % 2, , $163, % 18, , , $145, % 1, , $145, % 19, , , $125, % 1, , $125, % 19, , , $106, % 1, , $106, % 20, , , $86, % 1, , $86, % 20, , , $65, % $65, % 21, , $43, % $43, % 21, , $22, % $22, % 22, , $0.00 Totals $355, $101, $456, Generated via Munetrix Munetrix, LLC. All rights reserved. 32/39

33 Charter Township of Shelby Complete Debt Report for 2015 N. Gratiot Drainage Assessment: Issuance Information Debt Type: Bonds & contracts payable Activity Type: Business-type/Enterprise Repayment Source: Revenue - Water & Sewer Issuance Date: Issuance Amount: $597,225 Interest Rate: 3.5% - 5.0% Maturing Through: 2033 Principal Maturity Range: $24,606 - $40,600 Purpose: Refund MIDD NGI 2008 Comments: Proceeds used to refund 2008 MIDD NGI Bonds Payment Schedule Date Due Interest Rate Principal Interest Payment Balance % 13, , $597, % 13, , $597, % 24, , , $572, % 12, , $572, % 24, , , $547, % 12, , $547, % 33, , , $514, % 11, , $514, % 34, , , $479, % 10, , $479, % 34, , , $445, % 9, , $445, % 34, , , $411, % 8, , $411, % 34, , , $377, % 8, , $377, % 34, , , $343, % 7, , $343, % 34, , , $309, % 6, , $309, % 37, , , $271, Generated via Munetrix Munetrix, LLC. All rights reserved. 33/39

34 % 5, , $271, % 37, , , $233, % 4, , $233, % 37, , , $195, % 3, , $195, % 37, , , $157, % 2, , $157, % 37, , , $120, % 2, , $120, % 40, , , $79, % 1, , $79, % 40, , , $39, % $39, % 39, , $0.00 Totals $597, $259, $856, Generated via Munetrix Munetrix, LLC. All rights reserved. 34/39

35 Charter Township of Shelby Complete Debt Report for 2017A MID (New Money Portion): Issuance Information Debt Type: Activity Type: Repayment Source: Issuance Date: Issuance Amount: $5,998,593 Interest Rate: 3% - 5% Maturing Through: 2042 Principal Maturity Range: Purpose: Payment Schedule Date Due Interest Rate Bonds & contracts payable Business-type/Enterprise Revenue - Water & Sewer $111,251 - $396,613 Finance repairs to sinkhole Principal Interest Payment Balance % 104, , $5,998, % 111, , , $5,887, % 141, , $5,887, % 134, , , $5,753, % 137, , $5,753, % 141, , , $5,611, % 134, , $5,611, % 148, , , $5,463, % 130, , $5,463, % 155, , , $5,308, % 126, , $5,308, % 163, , , $5,145, % 122, , $5,145, % 171, , , $4,973, % 118, , $4,973, % 180, , , $4,793, % 113, , $4,793, % 189, , , $4,604, % 109, , $4,604, % 198, , , $4,406, % 104, , $4,406, Generated via Munetrix Munetrix, LLC. All rights reserved. 35/39

36 % 208, , , $4,198, % 98, , $4,198, % 218, , , $3,979, % 93, , $3,979, % 229, , , $3,750, % 87, , $3,750, % 240, , , $3,509, % 81, , $3,509, % 252, , , $3,256, % 75, , $3,256, % 265, , , $2,990, % 68, , $2,990, % 278, , , $2,711, % 61, , $2,711, % 292, , , $2,418, % 57, , $2,418, % 301, , , $2,116, % 51, , $2,116, % 313, , , $1,802, % 45, , $1,802, % 326, , , $1,476, % 36, , $1,476, % 342, , , $1,133, % 28, , $1,133, % 359, , , $774, % 19, , $774, % 377, , , $396, % 9, , $396, % 396, , , Totals $5,998, $4,358, $10,356, Generated via Munetrix Munetrix, LLC. All rights reserved. 36/39

37 Charter Township of Shelby Complete Debt Report for 2017A MID (Refunding Portion): Issuance Information Debt Type: Activity Type: Repayment Source: Issuance Date: Issuance Amount: $8,724,942 Interest Rate: 3% - 5% Maturing Through: 2035 Principal Maturity Range: Purpose: Payment Schedule Date Due Interest Rate Bonds & contracts payable Business-type/Enterprise Revenue - Water & Sewer $323,706 - $702,679 Refund 2010 MID Series 2010A and 2010 MID Series 2010A (Garfield Interceptor) Bonds Principal Interest Payment Balance % 153, , $8,724, % 369, , , $8,355, % 201, , $8,355, % 323, , , $8,032, % 193, , $8,032, % 340, , , $7,691, % 185, , $7,691, % 357, , , $7,334, % 176, , $7,334, % 375, , , $6,959, % 166, , $6,959, % 394, , , $6,565, % 157, , $6,565, % 413, , , $6,151, % 146, , $6,151, % 434, , , $5,717, % 135, , $5,717, % 455, , , $5,261, % 124, , $5,261, % 478, , , $4,783, Generated via Munetrix Munetrix, LLC. All rights reserved. 37/39

38 % 112, , $4,783, % 502, , , $4,280, % 99, , $4,280, % 527, , , $3,753, % 86, , $3,753, % 553, , , $3,200, % 72, , $3,200, % 580, , , $2,619, % 58, , $2,619, % 608, , , $2,011, % 43, , $2,011, % 638, , , $1,373, % 27, , $1,373, % 670, , , $702, % 10, , $702, % 702, , , Totals $8,724, $4,365, $13,090, Generated via Munetrix Munetrix, LLC. All rights reserved. 38/39

39 Generated via Munetrix Munetrix, LLC. All rights reserved. 39/39