Finance Department

Finance

Finance Director: 
(248) 758-3100
e-mail: @pontiac.mi..us
Hours: Monday through Friday 8:00 a.m. to 5:00 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

Council Adopted 2022-2023 Annual Budget

Mayor Proposed 2022-2023 Annual Budget

Council Adopted 2021-2022 Annual Budget

Council Adopted 2021-2025 Annual Budget (pdf)

Mayor Proposed 2021-2025 Annual Budget (pdf)

Adopted 2020 Annual Budget (pdf)

Mayor Proposed 2020-2024 Annual Budget (pdf)

Adopted 2019-2021 Annual Budgets (pdf)

Mayor Proposed 2019-2021 Annual Budget (PDF)

Adopted 2018-2020 Annual Budgets (pdf)

Retirement System Annual Report 2019-Form 5572

2015 Finance Department Annual Report
Click here to download the 2015 Finance Department Annual Report

Revenue Sharing Certificate, Debt Service Report and the Projected Budget Report
Click here to download the 2022 CVTRWS Revenue Sharing Certificate, Debt Service Report and the Projected Budget Report

FINANCIAL POLICIES
Fund Balance Policy
Authorized Signers on City Bank Accounts
Capital Asset Policy
Cellular Phones
Investment Policy
ACH and Electronic Transactions Policy
Credit Card Policy

 

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
Click here for the 2022 Pontiac Municipal Performance Dashboard

Municipal Financial Summary
Click here to view 2021 Citizen's Guide to Local Unit Finance 

Budget
Click here to view the 2022 Projected Budget Report Adopted 2020-2021 Annual Budgets (pdf)


Citizen's Guide to Local Unit Finance
Click here to view the 2022 Citizen's Guide to Local Unit Finance
Click here to view the 2021 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 2015 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 2013 Citizen's Guide to Local Unit Finance (excel required)

Debt Service Reports

Click here to download the 2022 Debt Service Report (pdf)
Click here to download the 2021 Debt Service Report (pdf)
Click here to download the 2020 Debt Service Report (pdf)
Click here to download the 2015 Debt Service Report (pdf)
Click here to download the 2014 Debt Service Report(pdf)
Click here to download the 2013 Debt Service Report (pdf)

CONSOLIDATION OF SERVICES

Click here to download a copy of the EVIP Certification of Consolidation of Services (PDF)

City of Pontiac Other Post Employment Benefits -Actuarial Valuation dated 12/31/2012. Click here to read. (pdf)