Certificate of Achievement for Excellence in Financial Reporting

The City of St Johns was presented, for the 19th straight year, this prestigious award for its Comprehensive Annual Financial Report for the Fiscal Year ending June 30, 2018.  This Certificate is presented by the Government Finance Officers Association of the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting and financial reporting.

2013-2014 Achievement for Excellence Certificate

2014-2015 Achievement for Excellence Certificate 

2015-2016 Achievement for Excellence Certificate 

2016-2017 Achievement for Excellence Certificate 

2017-2018 Achievement for Excellence Certificate 

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Local Development Finance Authority

The Local Development Financing Act, Public Act 281 of 1986, as amended, allows a city, village, or urban township to utilize tax increment financing to fund public infrastructure improvements. This tool is designed to promote economic growth and job creation. Communities across Michigan have utilized LDFA districts to extend sewer and water lines, to construct roads, and to service manufacturing, agricultural processing, and high technology operations.

The financing mechanism allows for the capture of the incremental growth of local property taxes over a period of time to fund public infrastructure improvements. By leveraging future tax increments, the LDFA is able to finance these public improvements, which can lead to new development opportunities within the community.

Staff contact for the LDFA: Jon Stoppels, City Manager, (989) 224-8944 ext. 220, jstoppels@stjohnsmich.com 

Any other information required by MCL 125.4910(1) can be obtained at St. Johns City Offices, 100 E. State Street, Suite #1100, St. Johns, Michigan 48879.

Resolution Creating LDFA

TIF & Development Plan

Budget

Audit

Informational Meeting Minutes:

12/09/2019

08/21/2019