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Home » Charter Township of Shelby Dashboards » Financial Health Dashboard

Financial Health Dashboard

General Fund   2015 2016 2017 Trend  Progress
Revenue & Expenditure Comparison (Funding Gap)  $.71M ($1.61M) ($.40M) 75.2 percent +
Total Revenues  $15.41M $16.32M $31.35M 92.1 percent +
Total Expenditures  $14.70M  $17.93M $31.75M 77.1 percent -
Fund Balance  $14.08M  $12.47M $12.07M -3.2 percent -
           
Police Fund 2015 2016 2017 Trend Progress
Revenue & Expenditure Comparison (Funding Gap)  $1.04M $.99M $.75M -24.2 percent -
Total Revenues $14.17M $14.64M $14.90M 1.8 percent +
Total Expenditures   $13.13M $13.65M $14.15M 3.7 percent -
Fund Balance $2.18M  $3.17M $3.92M 23.7 percent +
           
Fire Fund  2015 2016  2017 Trend Progress 
Revenue & Expenditure Comparison (Funding Gap)   $.61M $.44M ($.37M) -184.1 percent -
Total Revenues $13.19M $13.89M $14.45M 4.0 percent +
Total Expenditures   $12.58M $13.45M $14.82M 10.2 percent -
Fund Balance $9.10M $9.54M $9.17M -3.9 percent -
           
Long-term debt 2015 2016 2017 Trend Progress 
Police & Fire pension (percent funded)  96.5% 96.5% 98.0% 15.5 percent +
Retiree Healthcare Liability (percent funded) 23.5% 27.4% 48.7% 77.7 percent +
Total Governmental Funds (long-term debt)  $9.53M $9.11M $8.34M  -8.5 percent +
Governmental Funds (long-term debt burden per capita)  $122.74 $119.49 $109.44  -8.4 percent +
           
Financial indicators 2015  2016 2017 Trend Progress
Township Millage Rates 9.2999 9.2999 9.299 -- no change
Municipal Bond Rating AA+ AA+ AA+ -- no change
Ratio of retirees to active employees   0.67 0.69  0.70 1.4 percent -
Total Taxable Value for Revenue Base $2.86B $2.97B $3.03B  2.0 percent +