Finance
Finance Director: Timothy Sadowski
(248) 758-3100
e-mail: TSadowski@pontiac.mi.us
Hours: Monday through Friday 8 a.m. to 5 p.m.
The Finance Department is responsible for managing the administration of the financial affairs of the City. The Administrative responsibility of Finance is to insure that all divisions are meeting their respective functions, assignments, and responsibilities towards maintaining appropriate financial records, collection of taxes, special assessments and other revenues.
FITCH RATINGS AFFIRM BOND RATING
Fitch Ratings has affirmed the "CCC" rating for Pontiac's TIFA bonds and removed the ratings from the Negative Watch.
Click here to read details of the report
Ballot Proposal/Headlee Amendment
The Headlee Amendment of 1978 affects the amount municipalities are able to collect for property taxes that provide services to its residents. The City of Pontiac has seen substantial losses in revenue due to these restrictions. The November 8, 2022 ballot includes a proposed 1.0868 millage increase to offset those losses.
Click here to read about the history of the Headlee amendment, how it has affected city property tax revenues and how the ballot proposal will bring in an estimated $1,218,038 of additional revenue in the first year
CITY OF PONTIAC ACCOUNTABILITY & TRANSPARENCY REPORTS
Pontiac Municipal Performance Dashboard
The Pontiac Municipal Performance Dashboard includes financial and operating measures important to the government and its citizens.
This data includes a current and prior year overview comparison as well as charts and graphs that allow you to view trends over multiple years. Areas of focus include the following:
Municipal Financial Summary
Click here to view 2021 Citizen's Guide to Local Unit Finance
Budget
Click here to view the Council Adopted 2023-2024 Budget
Fee Schedule
Click here to view the approved 2023-2024 Fee Schedule
(248) 758-3100
e-mail: TSadowski@pontiac.mi.us
Hours: Monday through Friday 8 a.m. to 5 p.m.
The Finance Department is responsible for managing the administration of the financial affairs of the City. The Administrative responsibility of Finance is to insure that all divisions are meeting their respective functions, assignments, and responsibilities towards maintaining appropriate financial records, collection of taxes, special assessments and other revenues.
FITCH RATINGS AFFIRM BOND RATING
Fitch Ratings has affirmed the "CCC" rating for Pontiac's TIFA bonds and removed the ratings from the Negative Watch.
Click here to read details of the report
Ballot Proposal/Headlee Amendment
The Headlee Amendment of 1978 affects the amount municipalities are able to collect for property taxes that provide services to its residents. The City of Pontiac has seen substantial losses in revenue due to these restrictions. The November 8, 2022 ballot includes a proposed 1.0868 millage increase to offset those losses.
Click here to read about the history of the Headlee amendment, how it has affected city property tax revenues and how the ballot proposal will bring in an estimated $1,218,038 of additional revenue in the first year
CITY OF PONTIAC ACCOUNTABILITY & TRANSPARENCY REPORTS
Pontiac Municipal Performance Dashboard
The Pontiac Municipal Performance Dashboard includes financial and operating measures important to the government and its citizens.
This data includes a current and prior year overview comparison as well as charts and graphs that allow you to view trends over multiple years. Areas of focus include the following:
- Fiscal Stability
- Economic Strength
- Public Safety
- Quality of Life
Municipal Financial Summary
Click here to view 2021 Citizen's Guide to Local Unit Finance
Budget
Click here to view the Council Adopted 2023-2024 Budget
Fee Schedule
Click here to view the approved 2023-2024 Fee Schedule
Document Center
The Document Center provides easy access to public documents. Click on one of the categories below to see related documents or use the search function.
Categories always sorted by seq (sub-categories sorted within each category)
Documents sorted by _RECORDID in Descending Order within category
Documents sorted by _RECORDID in Descending Order within category
Annual Budgets and Financial Reports14 documents
- 2023-2024 Council Adopted Annual Budget
- 2022 CVTRWS Revenue Sharing Certificate, Debt Service Report and the Projected Budget Report Revenue Sharing Certificate, Debt Service Report and the Projected Budget Report
- 2015 Finance Department Annual Report 2015 Finance Department Annual Report
- 2019 Retirement System Annual Report -Form 5572
- 2018-2020 Adopted Annual Budgets (pdf)
- 2019-2021 Mayor Proposed Annual Budget (PDF)
- 2019-2021 Adopted Annual Budgets (pdf)
- 2020-2024 Mayor Proposed Annual Budget (pdf)
- 2020 Adopted Annual Budget (pdf)
- 2021-2025 Mayor Proposed Annual Budget (pdf)
- 2021-2025 Council Adopted Annual Budget (pdf)
- 2021-2022 Council Adopted Annual Budget
- 2022-2023 Mayor Proposed Annual Budget
- 2022-2023 Council Adopted Annual Budget
Citizen Guide to Local Unit Finance6 documents
- Click here to view the 2013 Citizen's Guide to Local Unit Finance (excel required)
- Click here to view the 2014 Citizen's Guide to Local Unit Finance (excel required)
- Click here to view the 2015 Citizen's Guide to Local Unit Finance (excel required)
- Click here to view the 2020 Citizen's Guide to Local Unit Finance (excel required)
- Click here to view the 2021 Citizen's Guide to Local Unit Finance (excel required)
- Click here to view the 2022 Citizen's Guide to Local Unit Finance
Debt Service Reports6 documents
- Click here to download the 2013 Debt Service Report
- Click here to download the 2014 Debt Service Report
- Click here to download the 2015 Debt Service Report
- Click here to download the 2020 Debt Service Report
- Click here to download the 2021 Debt Service Report
- Click here to download the 2022 Debt Service Report