{"data":{"id":"us-mi/mich.-comp.-laws-141.435","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 141.435","heading":"Recommended budget; contents; limitation on total estimated expenditures.","body":"Sec. 15.\n\nThe recommended budget shall include at least the following:\n\nExpenditure data for the most recently completed fiscal year and estimated expenditures for the current fiscal year.\n\nAn estimate of the expenditure amounts required to conduct, in the ensuing fiscal year, the government of the local unit, including its budgetary centers.\n\nRevenue data for the most recently completed fiscal year and estimated revenues for the current fiscal year.\n\nAn estimate of the revenues, by source of revenue, to be raised or received by the local unit in the ensuing fiscal year.\n\nThe amount of surplus or deficit that has accumulated from prior fiscal years, together with an estimate of the amount of surplus or deficit expected in the current fiscal year. The inclusion of the amount of an authorized debt obligation to fund a deficit shall be sufficient to satisfy the requirement of funding the amount of a deficit estimated under this subdivision.\n\nAn estimate of the amounts needed for deficiency, contingent, or emergency purposes.\n\nOther data relating to fiscal conditions that the chief administrative officer considers to be useful in considering the financial needs of the local unit.\n\nThe total estimated expenditures, including an accrued deficit, in the budget shall not exceed the total estimated revenues, including an available unappropriated surplus and the proceeds from bonds or other obligations issued under the fiscal stabilization act or the balance of the principal of these bonds or other obligations.","path":["MI Code","Chapter 141","Act Act-2-of-1968"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-141-435","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"963d5b7991fc66edd7e540f988bf3bf7037de4368567aab4df5b40653d2ea632","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-141.434","next":"us-mi/mich.-comp.-laws-141.436"},"notice":"GroundRules: Original legal text. Not legal advice."}