Michigan Compiled Laws
Act 2 of 1968 - Uniform Budgeting and Accounting Act (141.421 - 141.440a)
Section 141.422c - Definitions; E to G.

Sec. 2c.
(1) "Expenditure" means the cost of goods delivered or services rendered, whether paid or unpaid, including expenses, debt retirement not reported as a liability of the fund from which retired, or capital outlay.
(2) "General appropriations act" means the budget as adopted by the legislative body or as otherwise given legal effect pursuant to a charter provision in effect on the effective date of this section.
History: Add. 1978, Act 621, Eff. Apr. 1, 1980 ;-- Am. 2000, Act 493, Imd. Eff. Jan. 11, 2001

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 141 - Municipal Financing

Act 2 of 1968 - Uniform Budgeting and Accounting Act (141.421 - 141.440a)

Section 141.421 - Uniform Charts of Accounts for Local Units; Design; Conformity to Uniform Standards; Maintenance of Local Unit Accounts; Publication of Standard Operating Procedures and Forms; Assistance, Advice, or Instruction; Inadequacy of Local...

Section 141.421a - Short Title.

Section 141.422 - Meanings of Words and Phrases.

Section 141.422a - Definitions; A, B.

Section 141.422b - Definitions; B to D.

Section 141.422c - Definitions; E to G.

Section 141.422d - Definitions; D to S.

Section 141.423 - Publication; Hearings.

Section 141.424 - Annual Financial Report; Contents; Filing; Extension; Unauthorized Investments Prohibited; “Pension” Defined.

Section 141.424a - Failure of Local Unit to Report Investments in Derivative Instruments or Products.

Section 141.424b - Schedule of Derivative Instruments and Products; Filing Copies; Library of Michigan and Depository Libraries as Depositories; Retention of Annual Report by Local Unit.

Section 141.425 - Local Units; Audits.

Section 141.426 - Certified Public Accountants; Cost.

Section 141.427 - Minimum Auditing Procedures and Standards; Form for Report of Auditing Procedures; Filing Audit Report and Report of Auditing Procedures; Time for Filing; Extension.

Section 141.428 - Contents of Audit Report.

Section 141.429 - Public Inspection of Audit Reports.

Section 141.430 - Orders and Subpoenas.

Section 141.431 - Violations of Act.

Section 141.432 - Verification of Transactions.

Section 141.433 - Scope of Examiner's Authority; Production of Records; Divulging Confidential Information.

Section 141.433a - Energy Conservation Improvements.

Section 141.434 - Budget; Preparation, Presentation, and Control of Expenditures; Information; Transmitting Recommended Budget to Legislative Body; Suggested General Appropriations Act; Consideration of Recommended Budget; Furnishing Information to L...

Section 141.435 - Recommended Budget; Contents; Limitation on Total Estimated Expenditures.

Section 141.436 - General Appropriations Act; Requirements; Line Items Not Mandated; Taxation; Limitation on Estimated Total Expenditure; Presumption; Suit Against County Legislative Body; Standing; Mediation; Severability.

Section 141.437 - General Appropriations Act; Amendment; Reports; Recommendations.

Section 141.438 - Incurring Debts or Obligations; Dividing Appropriations Into Allotments; Expenditures; Application or Diversion of Money; Restrictions on Delegation of Duties; Enforcement Power; Suit Against Chief Administrative Officer of County;...

Section 141.439 - Expenditure of Funds; Transfers Within Appropriations.

Section 141.440 - Violation; Filing; Report; Review and Action by Attorney General; Civil Action for Recovery of Funds and Public Property.

Section 141.440a - Manuals, Forms, and Operating Procedures; Training and Educational Programs.