AUDIT / BUDGET / CAPITAL IMPROVEMENT PROGRAM

AUDIT:
The City's funds and budgetary documentation is audited on a yearly basis.  Currently the City's auditors are Layton and Richardson, PC, 1000 Coolidge Road, East Lansing, MI 48823.

Year Ending 06.30.16:

Previous Years.
BUDGET:
The City has a limited amount of resources (tax dollars, property, equipment, labor, etc.) which must be allocated among many activities.  Fiscal Year of the City is July 1st through June 30th.  The City Manager is responsible to prepare and submit to the Commission a recommended budget covering the fiscal year. The budget, by Charter, is adopted in May of each year.

CAPITAL IMPROVEMENT PROGRAM:
The City of Lapeer creates and adopts a program to carry out its long range planning objectives:  the Capital Improvement Program (CIP).  City Administration annually reviews and updates the CIP and the first year of the program is in conjunction with the City's Annual Budget.