The Michigan Department of Treasury sent the following reminder yesterday to local units of government that may need to request filing extensions for any upcoming F-65 audit or other fiscal year-end filing requirements…
The Uniform Budgeting and Accounting Act (Public Act 2 of 1968 ) and the Revised Municipal Finance Act (Public Act 34 of 2001) requires a local unit to submit audited financial statements, Annual Financial Reports (F65), and Qualifying Statements (Form 5047) within six months of their fiscal year-end.
If local units are having trouble completing these required reports by the statutory deadline, Numbered Letter 2001-1 outlines the process for filing audit/f65 extensions. If a local unit would like to file a 30-day extension, please use these guidelines we have attached for your convenience. Receiving an audit/F65 extension automatically extends the Qualifying Statement due date for the same period of time
If you have any questions, please e-mail TreasLocalGov@michigan.gov for further assistance.
Chris Hackbarth is the League’s director of state & federal affairs. He can be reached at 517-908-0304 and firstname.lastname@example.org.