The Michigan Legislative Website data sources are undergoing upgrades. Thank you for your patience as we work through any issues.

Go To Top capitol dome
Michigan Legislature
Michigan Compiled Laws Complete Through PA 48 of 2019
House: Adjourned until Tuesday, October 22, 2019 1:30:00 PM
Senate: Adjourned until Tuesday, October 22, 2019 10:00:00 AM


Michigan Legislature

Main Content

Act 2 of 1968
Search within this Statute for


UNIFORM BUDGETING AND ACCOUNTING ACT

Act 2 of 1968

AN ACT to provide for the formulation and establishment of uniform charts of accounts and reports in local units of government; to define local units of government; to provide for the examination of the books and accounts of local units of government; to provide for annual financial reports from local units of government; to provide for the administration of this act; to prescribe the powers and duties of the state treasurer, the attorney general, the library of Michigan and depository libraries, and other officers and entities; to provide penalties for violation of certain requirements of this act; to provide for meeting the expenses authorized by this act; to provide a uniform budgeting system for local units; and to prohibit deficit spending by a local unit of government.


History: 1968, Act 2, Imd. Eff. Feb. 20, 1968 ;-- Am. 1978, Act 621, Eff. Apr. 1, 1980 ;-- Am. 1996, Act 401, Eff. Dec. 18, 1996


© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 141.421SectionUniform charts of accounts for local units; design; conformity to uniform standards; maintenance of local unit accounts; publication of standard operating procedures and forms; assistance, advice, or instruction; inadequacy of local unit; report; services of certified public accountant or state treasurer; expenses; payment; contract; monthly billings.
Section 141.421aSectionShort title.
Section 141.422SectionMeanings of words and phrases.
Section 141.422aSectionDefinitions; A, B.
Section 141.422bSectionDefinitions; B to D.
Section 141.422cSectionDefinitions; E to G.
Section 141.422dSectionDefinitions; D to S.
Section 141.423SectionPublication; hearings.
Section 141.424SectionAnnual financial report; contents; filing; extension; unauthorized investments prohibited; “pension” defined.
Section 141.424aSectionFailure of local unit to report investments in derivative instruments or products.
Section 141.424bSectionSchedule of derivative instruments and products; filing copies; Library of Michigan and depository libraries as depositories; retention of annual report by local unit.
Section 141.425SectionLocal units; audits.
Section 141.426SectionCertified public accountants; cost.
Section 141.427SectionMinimum auditing procedures and standards; form for report of auditing procedures; filing audit report and report of auditing procedures; time for filing; extension.
Section 141.428SectionContents of audit report.
Section 141.429SectionPublic inspection of audit reports.
Section 141.430SectionOrders and subpoenas.
Section 141.431SectionViolations of act.
Section 141.432SectionVerification of transactions.
Section 141.433SectionScope of examiner's authority; production of records; divulging confidential information.
Section 141.433aSectionEnergy conservation improvements.
Section 141.434SectionBudget; preparation, presentation, and control of expenditures; information; transmitting recommended budget to legislative body; suggested general appropriations act; consideration of recommended budget; furnishing information to legislative body; public hearing.
Section 141.435SectionRecommended budget; contents; limitation on total estimated expenditures.
Section 141.436SectionGeneral appropriations act; requirements; line items not mandated; taxation; limitation on estimated total expenditure; presumption; suit against county legislative body; standing; mediation; severability.
Section 141.437SectionGeneral appropriations act; amendment; reports; recommendations.
Section 141.438SectionIncurring debts or obligations; dividing appropriations into allotments; expenditures; application or diversion of money; restrictions on delegation of duties; enforcement power; suit against chief administrative officer of county; standing; mediation; 60-day period to bring suit in Michigan court of appeals; court jurisdiction; limitation; certain actions barred; expenditure of funds; severability.
Section 141.439SectionExpenditure of funds; transfers within appropriations.
Section 141.440SectionViolation; filing; report; review and action by attorney general; civil action for recovery of funds and public property.
Section 141.440aSectionManuals, forms, and operating procedures; training and educational programs.
up icon