The City of Cadillac is committed to fiscal openness, responsibility, and accountability. This is primarily achieved through the various financial planning and reporting processes that take place each year through the annual operating budget, the 5-year capital improvement program, and the annual independent audit.
To be a key leader in governmental accountability for our community and throughout Northern Michigan, the City of Cadillac has developed this page which makes several layers of information available to the public to help facilitate and demonstrate the City's commitment to fiscal accountability. This information includes accounts payable check registers, quarterly financial reports, and any other information that is deemed important to demonstrate fiscal compliance and openness.
The City also demonstrates accountability and openness by making the annual operating budget
, the capital improvement program
, and the annual independent audit report
available for download.
Monthly Check Registers
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Understanding Cadillac's Finances
The City of Cadillac is now making available information that will help residents, taxpayers and anyone else that is interested in the City's finances understand the structure of the organization and where and how the City spends tax dollars and other resources that flow into and through the City treasury. This information is published in compliance with the State of Michigan's Economic Vitality Incentive Program in the Accountability and Transparency section.
Economic Vitality Incentive Program (EVIP)
The State of Michigan is requiring local governmental agencies to certify and report on efforts to improve transparency, efficiency and control costs related to three major categories: Accountability and Transparency; Cooperation, Collaboration, and Consolidation; Employee Compensation.
Accountability and Transparency
(Updated as of October 1, 2012 Deadline)
FY2012 Accountability and Transparency Report
Certification of Accountability
Cooperation, Collaboration, and Consolidation
Cooperation, Collaboration, and Consolidation Plan
Certification of Cooperation, Collaboration, and Consolidation
Reporting due May 1, 2012
Development and Economic Update Provided to City Council
On March 19, 2011 the City Council received an update from the Community Development Department and the Financial Services Department on recent developments in the community and important information regarding the current financial condition of the City of Cadillac. View the entire presentation...
A principal source of revenue for the City of Cadillac is the levy of taxes on real and personal property located within the Cadillac city limits. The levy and collection of property taxes is governed by Michigan Public Act 206 of 1893 (General Property Tax Act) as amended.
It is important to note that property taxes for several taxing authorities other than the City of Cadillac are included with each property tax bill. In fact, for every dollar of property taxes paid on a City tax bill, only $0.27 stays with the City. The remaining $0.73 is distributed to the appropriate taxing unit. This distribution is highlighted in the chart to the right.
City Millage Rates:
Operating - 13.9473 mills
Police & Fire Retirement - 2.6000 mills (Approved November, 1977)
Lake Treatment - 0.5000 mills (Approved February, 2011 for 3 years)
(one mill is equal to $1 in taxes for each $1,000 in taxable value)