Financials

Budget

The DDA fiscal year works on the calendar year (January – December).  The proposed budget is submitted to the Township Manager/Board in September.  The Township Board reviews the budget and adopts it in December.  The DDA reviews the adopted budget at their January meeting. 
 

Audits

The DDA’s financial statements are included in the Township’s audited financial statements as a component unit and are not audited separately.  

Please click here for budget and audit information 
 

Tax Increment Financing Act 57 Annual Reports

 2021 Annual Report
 2020 Annual Report
 2019 Annual Report
 2018 Annual Report
 2017 Annual Report
 2016 Annual Report
 2015 Annual Report
 

DDA Financial Reserves

As of December 31, 2021, the DDA had $1,425,600 in its fund balance. As the 2011 TIF Development Plan describes, this balance is expected to contribute to the following projects which require a larger amount of investment:

• Ongoing Maintenance of District infrastructure - $70,000
• Support of Public Transportation - $220,000
• Creation of Public Gathering Spaces with amenities - $3,500,000

Contracts & Services 

In compliance with Public Act 57 and the DDA’s desire to be transparent with the community, below is a list of current contracts and management services provided to the DDA.