Financial Reports

The City is dedicated to providing accurate and easy to understand financial reports. In addition to making the City budgets, forecast and audited financial reports available online, we also provide accountability and transparency reports including a citizen financial guide. 

Presented below in PDF format are recent  Annual Financial Reports of the City of Madison Heights.  It is the responsibility of the City management to present fairly, with full disclosure and in conformity with accounting principles generally accepted in the United States of America, the financial position and results of operations of the City’s funds and account groups, as well as those of the City’s discretely presented component units.  The  Annual Financial Reports contain necessary disclosures useful in providing an understanding of the combined statements and the individual fund and account group statements.

Independent Audit 


The State statutes and City Charter require an annual audit of all accounts of the City by certified public accountants selected by the City Council.  This requirement has been fulfilled and the report of Plante & Moran, PLLC, Certified Public Accountants, is included herein.  

Financial Forecast in PDF format:

Fiscal Years 2017-2021
Fiscal Years 2016-2020  
Presentation to Council Financial Forecast 
Fiscal Years 2015-2019


Financial Report / Audits in PDF Format:

Fiscal Year Ended June 30, 2016

Fiscal Year Ended June 30, 2015

Fiscal Year Ended June 30, 2014 

Fiscal Year Ended June 30, 2013

 Street Financial Report

This information is required in accordance with Act 51 of P.A. 1951, as amended. The financial report accurately reflects the revenues and expenditures of all street work and fund by systems, and conforms to the requirements of P.A. of 1951 amended.

Fiscal Year Ended June 30, 2016 
                   Annual Certification
                   Act 51 2016 Employees
                   Act 51 Report 

Fiscal Year Ended June 30, 2015 
                   Annual Certification
                   Act 51 2015 Employees
                   Act 51 Report

Fiscal Year Ended June 30, 2014 
                   Annual Certification
                   Act 51 2014 Employees
                   Act 51 Report

Fiscal Year Ended June 30, 2013 - Act 51 Report