Annual Comprehensive Financial Report (ACFR)

Pursuant to Michigan PA 2 of 1968, a local unit having a population of 4,000 or more shall obtain an annual audit of its financial records, accounts and procedures. The City of Big Rapids prepares an Annual Comprehensive Financial Report (ACFR) for each fiscal year ended June 30th. State law requires that local governments publish a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards within six months of the close of each fiscal year. ACFRs covering additional years can be found on the Michigan Department of Treasury web site.

Retirement System Annual Report

In accordance with Michigan PA 202 of 2017 and PA 530 of 2016, pension and retiree health care reports for retirement systems shall be electronically filed with the Michigan Department of Treasury no later than six months after the end of the local unit of government's fiscal year.