Despite Increasingly Formal Financial Management, Relatively Few Michigan Local Governments Have Adopted Recommended Policies

Abstract

This report presents findings on the presence and use of formal financial planning and management policies in Michigan local jurisdictions, based on statewide surveys of local government leaders in the Spring 2014 wave of the Michigan Public Policy Survey (MPPS). The survey asked a series of questions about policies that are recommended in order to foster best practices in financial management according to the Government Finance Officers Association (GFOA), a leading non-profit organization that promotes professional management of governments.