Michigan 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.
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| Document | Description |
| Section 141.421 | Uniform 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 141.421a | Short title. |
| Section 141.422 | Meanings of words and phrases. |
| Section 141.422a | Definitions; A, B. |
| Section 141.422b | Definitions; B to D. |
| Section 141.422c | Definitions; E to G. |
| Section 141.422d | Definitions; D to S. |
| Section 141.423 | Publication; hearings. |
| Section 141.424 | Annual financial report; contents; filing; extension; unauthorized investments prohibited; "pension" defined. |
| Section 141.424a | Failure of local unit to report investments in derivative instruments or products. |
| Section 141.424b | Schedule of derivative instruments and products; filing copies; Library of Michigan and depository libraries as depositories; retention of annual report by local unit. |
| Section 141.425 | Local units; audits. |
| Section 141.426 | Certified public accountants; cost. |
| Section 141.427 | Minimum auditing procedures and standards; form for report of auditing procedures; filing audit report and report of auditing procedures; time for filing; extension. |
| Section 141.428 | Contents of audit report. |
| Section 141.429 | Public inspection of audit reports. |
| Section 141.430 | Orders and subpoenas. |
| Section 141.431 | Violations of act. |
| Section 141.432 | Verification of transactions. |
| Section 141.433 | Scope of examiner's authority; production of records; divulging confidential information. |
| Section 141.434 | Budget; 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 141.435 | Recommended budget; contents; limitation on total estimated expenditures. |
| Section 141.436 | General appropriations act; requirements; line items not mandated; taxation; limitation on estimated total expenditure. |
| Section 141.437 | General appropriations act; amendment; reports; recommendations. |
| Section 141.438 | Incurring debts or obligations; dividing appropriations into allotments; expenditures; application or division of money; restrictions on delegation of duties. |
| Section 141.439 | Expenditure of funds; transfers within appropriations. |
| Section 141.440 | Violation; filing; report; review and action by attorney general; civil action for recovery of funds and public property. |
| Section 141.440a | Manuals, forms, and operating procedures; training and educational programs. |