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Home » Charter Township of Shelby Dashboards » Financial Health Dashboard

Financial Health Dashboard

General Fund   2014 2015 Trend  Progress
Revenue & Expenditure Comparison (Funding Gap)  $1.41M $.71M -49.6 percent
Total Revenues  $16.29M $15.41M -5.4 percent
Total Expenditures  $14.88M  $14.70M -1.2 percent
Fund Balance  $13.37M  $14.08M 5.3 percent

Police Fund  2014 2015 Trend Progress 
Revenue & Expenditure Comparison (Funding Gap)   (6.64M) $1.04M N/A  ↑
Total Revenues  $18.36M $14.17M -22.8 percent  
Total Expenditures   $25.00M $13.13M -47.5 percent   ↑
Fund Balance  $1.14M  $2.18M 91.2 percent   ↑

Fire Fund  2014 2015  Trend Progress 
Revenue & Expenditure Comparison (Funding Gap)   ($6.28M) .68M N/A  ↑
Total Revenues  $17.28M $13.19M -23.7 percent  ↓
Total Expenditures   $23.56M $12.58M -46.6 percent  ↑
Fund Balance $8.49M $9.10M 7.2 percent  ↑

Long-term debt 2014 2015 Trend Progress 
Police & Fire pension (percent funded)  98.8 percent 96.5 percent -2.3 percent  ↓
Retiree Healthcare Liability (percent funded) 23.5 percent 23.5 percent -- --
Total Governmental Funds (long-term debt)  $10.18M $9.58M -5.9 percent  ↑
Governmental Funds (long-term debt burden per capita)  $132.22 $123.35 -6.7 percent  ↑

Financial indicators 2014  2015 Trend Progress 
Township Millage Rates 9.2999 9.2999 --  --
Municipal Bond Rating  AA+ AA+ --  --
Ratio of retirees to active employees   0.65 0.67 3.1 percent  
Total Taxable Value for Revenue Base                         $2.79B $2.86B 2.5 percent