Michigan Compiled Laws
Article 4 - (18.1401...18.1499)
Section 18.1434 - Crediting Certain Revenues to Revolving Fund; Financial Plan; Report.

Sec. 434.
Revenues received from rates charged or goods sold and revenue which is received from any other source and designated to be credited to a revolving fund shall be credited to that fund. Within 60 days after the fiscal year begins, the director shall submit to the appropriations committees and fiscal agencies a financial plan for the ensuing fiscal year. The financial plan shall include the rate structure, a projected statement of revenues and expenses in sufficient detail to provide for comparison with actual revenues and expenses, a projected statement of receipts and disbursements, and any other information considered necessary by the director. Within 60 days after the end of the fiscal year, the director shall submit to the legislature, the appropriations committees, and the fiscal agencies a report on the status of all such revolving funds, including all information reported in the financial plan.
History: 1984, Act 431, Eff. Mar. 29, 1985 ;-- Am. 1999, Act 8, Imd. Eff. Mar. 22, 1999 Popular Name: Act 431Popular Name: DMB

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 18 - Department of Management and Budget

Act 431 of 1984 - The Management and Budget Act (18.1101 - 18.1594)

Article 4 - (18.1401...18.1499)

Section 18.1401 - Meanings of Words and Phrases.

Section 18.1402 - Definitions; C to E.

Section 18.1403 - Definitions; I to R.

Section 18.1404 - Definitions; R to W.

Section 18.1411 - Repealed. 1988, Act 504, Imd. Eff. Dec. 29, 1988.

Section 18.1421 - Internal Control in Management of State's Financial Transactions; Powers of State Budget Director; Accounting Principles; Implementation of Executive Reorganization Orders.

Section 18.1421a - Legislative and Judicial Access to State Financial Management System.

Section 18.1422 - Advances.

Section 18.1423 - Examination of Books, Accounts, Documents, Systems, and Financial Affairs.

Section 18.1424 - Production of Books, Papers, and Documents; Examination; Testimony; Oaths.

Section 18.1426 - Books, Records, and Systems; Adoption and Use.

Section 18.1430 - Capped Federal Funds, Special Revenue Funds, and Healthy Michigan Fund; Report on Amounts and Sources.

Section 18.1431 - Accounting for Activities and Programs; Assignment; Classification of Funds.

Section 18.1432 - Merging, Combining, or Segregating Fund.

Section 18.1434 - Crediting Certain Revenues to Revolving Fund; Financial Plan; Report.

Section 18.1435 - Revolving Funds; Transferring Net Income to General Fund.

Section 18.1437 - Advances to Revolving Fund; Repayment; Long Term Advances for Acquisition of Equipment; Limitation.

Section 18.1441 - Disposition of Receipts; Directives; Subsection (1) Inapplicable to State Agency Within Legislative Branch.

Section 18.1442 - Expenditure or Transfer of Funds Appropriated to Entity Within Legislative Branch.

Section 18.1443 - Money Received by State Agencies; Forwarding to State Treasurer; Crediting to General Fund; Limitation on Transfers.

Section 18.1444 - Encumbrances and Receivables; Reporting and Recording.

Section 18.1447 - Repealed. 2018, Act 389, Imd. Eff. Dec. 19, 2018.

Section 18.1448 - Expenditure of State Funds; Availability of Information on Website Homepages; "Expenditure of State Funds" Defined.

Section 18.1451 - Lapse of Unencumbered Balance of Appropriation; Unascertainable Documents; Charging Encumbrance to Next Succeeding Fiscal Year.

Section 18.1451a - Work Projects.

Section 18.1452 - Payment and Use of Amounts Appropriated in Budget Act.

Section 18.1453 - Appropriations From Restricted Revenues; Limitation on Expenditure.

Section 18.1454 - Appropriation of Full-Time Equated Positions; Basis; Report on Status of Fte Positions; Report Containing Fiscal Year Summary of Information Required in Subsection (2).

Section 18.1455 - Appropriations for Unclassified Positions; Use; Eligibility of Incumbents of Unclassified Positions to Participate in State Contributory Insurance and Longevity Programs; Prior Years' Service as Classified Employee in Determining Am...

Section 18.1456 - Repealed. 1999, Act 8, Imd. Eff. Mar. 22, 1999.

Section 18.1458 - Use of Amounts Authorized for Equal Employment Opportunity Services; Filling Positions; Responsibility.

Section 18.1459 - Repealed. 1988, Act 504, Imd. Eff. Dec. 29, 1988.

Section 18.1460 - Indirect Cost Rate or Percentage; Determination; Report; Request for Appropriations of Federal Funds Not to Include Funds for Indirect Costs; Charging Indirect Cost to Award, Contract, or Grant; Crediting Indirect Cost; Availability...

Section 18.1461 - Audit Pursuant to Federal Law; Single Audits; Conduct; Funding; Encumbering Amounts to Finance Cost of Audits; Carrying Over Unexpended Amounts; Schedule of Expenditures of Federal Awards.

Section 18.1462 - Plan to Comply With Audit Recommendations; Corrective Action Plans.

Section 18.1463 - Federal Pass-Through Funds to Local Institutions and Units of Local Government; Appropriation; Certain Funds Not to Be Expended Unless Appropriated.

Section 18.1470 - Procurement Contract for Services; Audit of Vendor to Verify Compliance; Provision; Availability; Exemption; "Auditor General" Defined.

Section 18.1483 - Definitions Used in MCL 18.1483 to 18.1489.

Section 18.1484 - System of Reporting and General Framework to Be Used in Evaluations of Internal Control Systems; Development; Modification; Notice.

Section 18.1485 - Internal Control System; Establishment and Maintenance; Elements; Duties of Head of Principal Department; Reports.

Section 18.1486 - Internal Auditor; Appointment; Member of State Classified Executive Service; Supervision; Protection; Duties; Professional and Auditing Standards; Report.

Section 18.1487 - Internal Auditor; Reports; Plan to Correct Problems, Abuses, or Deficiencies; Public Disclosure of Information.

Section 18.1488 - Repealed. 1999, Act 8, Imd. Eff. Mar. 22, 1999.

Section 18.1489 - Evaluation and Report by Auditor General.

Section 18.1490 - Enterprise Portfolio Management Office; Report to Legislature on Information Technology Services; Requirements.

Section 18.1491 - Fiscal Year.

Section 18.1492 - Including Financial Statements in Comprehensive Annual Financial Report; Responsibility; Statement Format; Audit; Submission of Statements.

Section 18.1493 - Preliminary, Unaudited Financial Statements Including Notes of General Fund and State School Aid Fund; Submission to Legislature and Fiscal Agency.

Section 18.1494 - Comprehensive Annual Financial Report; Publication; Preparation of Financial Statements; Certificates of Examination; Disclosure of Budgetary Basis; Deviation From Generally Accepted Accounting Principles; Establishment and Use of C...

Section 18.1495 - Report on State's Current Financial Situation; Publish; Contents Required.

Section 18.1496 - Repealed. 1988, Act 504, Imd. Eff. Dec. 29, 1988.

Section 18.1497 - Itemized Statement of State Spending Paid to Units of Local Government and Total State Spending From State Sources; Transmittal; Calculation of Spending Proportion; Publication of Report; Reporting Amount of Additional Payments; Pay...

Section 18.1498 - Local Government Payment Fund; Creation; Reservation of Money Appropriated to Fund; Amounts Considered State Payments to Units of Local Government.

Section 18.1499 - Closing Schedule; Procedural Directives; Appropriation Transfer; Monthly Statement of Estimated Revenues; Latest Published Estimate.