City, Village, and Township Revenue Sharing (CVTRS)
In accordance with P.A. 63 of 2011, the City of Sault Ste. Marie has prepared a Performance Dashboard and a Citizens’ Guide to Local Finances to provide indicators of the City’s financial and economic well-being.
Please note that the information shown in these reports is a look at various data at a particular point in time. The receipt of grants, accounting changes and capital projects can impact the comparison of data from year to year. To better understand what the data means, the City annually has posted budgets and financial audits on the City’s website as well. These reports can be found on this website on the Reports Page
In addition, major construction projects such as the Combined Sewer Overflow (CSO) control project will show increases in expenditures and debt, while the reverse is true in years with limited construction. This is also true with major equipment purchases such as a fire truck. While the City allocates funds for the purchase of fire trucks over a number of years, the financial statements show the entire expenditures for the purchase of that equipment in the year of the actual purchase
The Citizens’ Guide and Performance Dashboard can be found below. While the majority of the financial information will be found in the Citizens’ Guide, the Performance Dashboard includes additional financial information as well as interesting statistics on Economic Strength, Public Safety and Quality of Life in Sault Ste. Marie.
The Citizens’ Guide is presented in various formats below. The interactive report can be viewed in Microsoft Excel. For those without Excel, OpenOffice, a similar (and free) program, can be downloaded through OpenOffice.org. The document is also provided in pdf format. Acrobat Reader (also free) is needed to view this document and can be downloaded at Adobe.com.
Printed copies of the report may be viewed at the office of the City Clerk (225 E Portage Avenue) as well as at the Bayliss Public Library (541 Library Drive), both in Sault Ste. Marie, Michigan.
More information about this program and the full text of Public Act 63 of 2011 can be found on the State's Website.