1. The State Budget Process in Michigan
2. Introduction
3. About CRC
4. What is a Budget?
5. What a Budget Does
6. Allen Shick
7. The Power of the Purse
8. Today's Session
9. Overview of Presentation
10. Elements of the Michigan Budget Process
11. Principal Topics
12. What is a Budget?
13. The Process
14. Financial Plan
15. Allocation of Scarce Resources
16. Expenditure Control
17. Mechanism for Accountability
18. Mechanism to Distribute/Transfer Resources
19. Performance Evaluation
20. Summary
21. Legal Framework
22. Constitutional Framework
23. Power of the Purse
24. Power to Tax
25. Power to Tax
26. Power to Appropriate
27. No appropriation shall be a mandate to spend.
28. Nature of an Appropriation
29. Power to Borrow
30. Balanced Budget Provisions
31. Balanced Budget Provisions Common in Other States
32. Headlee Amendment
33. Headlee Amendment Provisions
34. Revenue Limitation
35. Revenue Limit History
36. Expenditure Limitation
37. State and Local Spending Requirement
38. State and Local Spending Requirement
39. State Mandates
40. Gubernatorial Veto
41. Statutory Framework
42. Management and Budget Act
43. Countercyclical Budget & Economic Stabilization Fund
44. Rainy Day Fund
45. Transfers IN
46. Transfers OUT
47. Limitations on BSF Balances
48. Phases in Budget Process
49. Phases in the State Budget Process
50. Preparation
51. Adoption
52. Execution
53. Book-closing
54. Book-closing
55. Audit
56. Overlapping Nature of Process
57. Overlapping Nature of Process
58. Any Questions with the first part of our presentation?
59. Revenue and Fund Accounting
60. Wayne State University State Policy Center
61. Statutory Framework
62. Consensus Revenue Estimating Conference
63. Estimating Revenue
64. R.S.Q.E.
65. Revenue Estimating
66. State Government Revenues
67. Fund Accounting
68. Some Key Terms
69. Michigan Funds
70. Governmental Funds
71. General Fund
72. Special Revenue Funds
73. Capital Projects Funds
74. Debt Service Funds
75. Proprietary Funds
76. Component Unit Funds
77. Fiduciary Funds
78. Agency Funds
79. Expendable Trust Funds
80. Nonexpendable Trust Funds
81. Michigan Key Funds
82. Common Cash Funds
83. More Key Terms
84. The End
Home Page: http://www.crcmich.org/
Other information: Presented to new House of Representatives and staff on January 20, 1999.