    {"id":7195,"date":"2020-04-01T15:48:46","date_gmt":"2020-04-01T19:48:46","guid":{"rendered":"http:\/\/blogs.mml.org\/wp\/inside208\/?p=7195"},"modified":"2020-04-01T15:48:46","modified_gmt":"2020-04-01T19:48:46","slug":"state-treasury-audit-and-financial-reporting-extension-option","status":"publish","type":"post","link":"https:\/\/mml.org\/inside208\/2020\/04\/01\/state-treasury-audit-and-financial-reporting-extension-option\/","title":{"rendered":"State Treasury Audit and Financial Reporting Extension Option"},"content":{"rendered":"<p>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&#8230;<\/p>\n<p><em>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.\u00a0<\/em><\/p>\n<p><em>If local units are having trouble completing these required reports by the statutory deadline, <a href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDAzMzEuMTk1NDcwMDEiLCJ1cmwiOiJodHRwOi8vd3d3Lm1pY2hpZ2FuLmdvdi90cmVhc3VyeS8xLDQ2NzksNy0xMjEtMTc1MV8yMTk0LTYwMDMtLSwwMC5odG1sIn0.1pQgA2gyynPUpHXTZeIqW23Glu8QJIqF9_hN0r8ybYA\/br\/76842526243-l\">Numbered Letter 2001-1<\/a> 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<\/em><\/p>\n<p><em>If you have any questions, please e-mail <a href=\"mailto:TreasLocalGov@michigan.gov\">TreasLocalGov@michigan.gov<\/a> for further assistance.<\/em><\/p>\n<ul>\n<li><em><a href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDAzMzEuMTk1NDcwMDEiLCJ1cmwiOiJodHRwczovL2NvbnRlbnQuZ292ZGVsaXZlcnkuY29tL2F0dGFjaG1lbnRzL01JVFJFQVMvMjAyMC8wMy8zMS9maWxlX2F0dGFjaG1lbnRzLzE0MTU0NjcvMjAwMS0xLnBkZiJ9.tpcTtjlYrP1RIWzIdWB3blFGaG_yCQLYmjdAewfXvGg\/br\/76842526243-l\">2001-1.pdf<\/a><\/em><\/li>\n<\/ul>\n<p><em>Chris Hackbarth is the League\u2019s director of state &amp; federal affairs. He can be reached at<\/em><em>\u00a0<\/em><em>517-908-0304\u00a0<\/em><em>and\u00a0<a href=\"mailto:chackbarth@mml.org\">chackbarth@mml.org<\/a><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8230; The Uniform Budgeting and Accounting Act (Public Act 2 of 1968 ) and the Revised Municipal Finance  [&#8230;]<\/p>\n","protected":false},"author":458,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[17,22,26,35],"tags":[],"class_list":["post-7195","post","type-post","status-publish","format-standard","hentry","category-government-reform","category-legislative-link-articles","category-municipal-finance","category-revenue-sharing-2","mml-onemagnify-plugin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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