Treasurer's Report Page 1 of 6

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1 To: From: Mayor Pat Humphrey and the Clare City Commission Steven J. Kingsbury, MBA, CPFA, MiCPT Treasurer, Finance and Technology Director Date: March 30, 2017 Reference: Treasurer s Report for April 3, 2017 Act 51 Road Funding Increased Distributions: In accordance with the road funding changes implemented by the Michigan Legislature in 2015 and effective January 1, 2017 the Act 51 Road Funding that is distributed by MDOT has increased. Included for the City Commission's reference you will find a March 3, announcement of the increased distributions to counties, cities and villages. Also enclosed you will find a monthly/annual history of the Act 51 funding received by the City of Clare for both major and local streets for the last four fiscal years. Within these two spreadsheets the percentage increase/decrease from the same prior period is also included. Michigan Government Finance Officers Association Conference: Enclosed for the Commission's reference is a copy of the agenda for the Spring 2017 meeting of the Michigan Government Finance Officers Association. As a member of this association I attend conferences that have educational benefit for our community and tomorrow's one day program has several beneficial topics. To insure that we receive the benefit of all of the presentations Michelle is accompanying. Page 1 of 6

2 Steven Kingsbury From: Sent: To: Subject: Michigan Dept of Transportation Friday, March 03, :39 AM Steven Kingsbury January 2017 MTF Distribution As a reminder, the revenue package passed in This increased the fuel tax on gasoline and diesel as well as increasing the vehicle registration fees. This revenue package was effective January 1, As a result, January revenues were increased by 20.5% over January 2016 collections. This resulted in an increased distribution to the Counties, Cities and Villages of 23.2%. This increase is reflected in your March 3rd distribution checks. The details of the breakdown for each check as well as the summary reports of the revenue for MTF are available on the website. If you have questions, please contact: Dave Wearsch, Supervisor MDOT, Financial Operations Division (517) wearschd1@michigan.gov Lori Cole, Financial Specialist MDOT, Financial Operations Division (517) colel@michigan.gov PLEASE DO NOT REPLY TO THIS 1 Page 2 of 6

3 CITY OF CLARE ACT 51 DISTRIBUTIONS RECEIVED MAJOR STREETS July August September October November December January February March April May June TOTAL FY2013/14 15, , , , , , , , , , , , , FY2014/15 15, , , , , , , , , , , , , % 0.9% 4.6% 3.1% -2.5% 2.7% 3.4% 8.8% 11.3% 13.7% -2.5% 10.1% 4.5% FY2015/16 17, , , , , , , , , , , , , % 13.2% 7.3% 16.9% 15.0% 5.1% 2.6% 0.8% 8.3% -1.3% 15.6% 1.9% 7.7% FY2016/17 16, , , , , , , , , % 0.3% 0.8% -9.4% 13.9% 14.5% 34.3% 11.4% Page 3 of 6

4 CITY OF CLARE ACT 51 DISTRIBUTIONS RECEIVED LOCAL STREETS July August September October November December January February March April May June TOTAL FY2013/14 7, , , , , , , , , , , , , FY2014/15 6, , , , , , , , , , , , , % 1.1% 4.7% 3.2% -2.5% 2.7% -1.2% 4.0% 6.3% 8.7% -6.8% 5.2% 2.1% FY2015/16 7, , , , , , , , , , , , , % 8.2% 2.6% 11.8% 9.9% 0.5% 2.7% 0.8% 8.3% -1.3% 15.6% 2.0% 5.4% FY2016/17 6, , , , , , , , , % 0.3% 0.8% -9.4% 14.0% 14.6% 34.4% 11.4% Page 4 of 6

5 MGFOA 2017 Spring Seminar Agenda March 31, 2017 Kellogg Center East Lansing, Michigan 7:30 8:30 am Registration / Hot Buffet Breakfast Big Ten BC 8:30 8:50 am President s Welcome/Opening Remarks Big Ten A Presentation of Back-to-Basics Certificates Catherine McClary, Washtenaw County Treasurer, MGFOA President 8:50 9:50 am Legislative Update Big Ten A Chris Hackbarth, Director State & Federal Affairs, Michigan Municipal League Steve Currie, Executive Director, Michigan Association of Counties (1.2 CPE General) Director of the Michigan Municipal League state & federal affairs department will give an update on policy & budget issues impacting local governments, currently being debated in Lansing. Presiding: Kari Blanchett, Public Financial Management, Inc. 9:50 10:50 am Economic Update Big Ten A Jim Baird, CPA, CFP, CIMA, Partner, Chief Investment Officer, Plante Moran (1.2 CPE General) Jim will provide an overview of current economic conditions in the United States and the region. He will discuss the potential impact and outlook for fiscal and monetary policy on expectations and potential risks to the outlook. Presiding: David Helisek, Plante Moran 11:05 11:55 am Cybersecurity Big Ten A Ryan Davidson, Special Agent Network Intrusion Agent, United States Secret Service (1.0 CPE General) Current/Past cyber security trends that the United States Secret Service is currently working on. History of Secret Service and program. Presiding: Ben Stone, Flagstar Bank 12:00 1:20 pm Lunch & Keynote Speaker Big Ten BC Daniel Kildee, Member of Congress, U.S. House of Representatives (1.1 CPE General) Congressman Kildee will address what may happen nationally that would affect Michigan residents, how Finance Officers and Treasurers might provide leadership in these uncertain times, and what might be needed from our leaders at the State and local level to mitigate risks or loss of important public services. Presiding: Catherine McClary, Washtenaw County Treasurer 1:45 3:00 pm Concurrent Sessions: Cash Management Controls & Common Financial Statement Errors Big Ten A Rumzei Abdallah, CPA, Manager-Assurance, Plante Moran Eric Conforti, CPA, CFE, Senior Manager Forensic Investigative Services, Plante Moran (1.5 CPE Accounting & Auditing) Online banking are you putting yourself at risk? Join us as we discuss the key internal controls you need to put in place to reduce your risk to fraud. We will also discuss the most common mistakes made when preparing financial statements and the steps you should take to prevent them. Presiding: David Helisek, Plante Moran Page 5 of 6

6 GASB 84: Fiduciary Activities What You Need to Know Big Ten BC Stephen Blann, CPA, CGFM, CGMA, Director of Governmental Audit Quality, Rehmann (1.5 CPE Accounting & Auditing) The GASB has changed the way governments will identify and report fiduciary activities beginning 12/15/2019. Learn how the GASB is defining who controls assets, which existing funds may no longer be reported as fiduciary activities, and which new funds may be included in the future. There is also a new fiduciary fund type and financial statement coming it s your (fiduciary) duty to learn more! Presiding: Coline Coleman, City of Livonia 3:15 4:30 pm Concurrent Sessions: Local Community Stabilization Authority / Personal Property Tax Update Big Ten A Howard Heideman, Administrator, Tax Analysis Division, Office of Revenue and Tax Analysis, Michigan Department of Treasury Ed Sell Jr., CPA, MBA, Assistant City Manager, Finance Director, City of Monroe Patrick McGow, Principal, Miller, Canfield, Paddock and Stone, PLC (1.5 CPE Accounting & Auditing) Personal property tax reform legislation that began to take effect after the election in August 2014 now includes eligible manufacturing personal property starting in The LCSA has been reimbursing local units for personal property tax loss. How is it working for your community? This session will discuss the implementation of PPT reform, including recent developments with reimbursements. Department of Treasury official will be available to answer your questions about PPT reform and reimbursement questions. Presiding: Kari Blanchett, Public Financial Management, Inc. Utility Rate Model Big Ten BC Coline Coleman, Chief Accountant, City of Livonia Joe Heffernan, CPA, Partner, Plante Moran Gretchen Gomolka, CPA, Finance Director, City of Brighton (1.5 CPE General) Three members of the Accounting Standards Committee will present the model that the Committee has created to assist finance officers in developing rate models for water, sewer, and other utilities. Presiding: Coline Coleman, City of Livonia Page 6 of 6