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Municipal Stability Board REGULAR MEETING Wednesday, June 20, 2018, at 10:00 a.m. Austin Building State Treasurers Boardroom 430 W. Alleged Street Lansing, MI 48922I. Call to Order A. Roll Call B.
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A municipal stability board is an oversight body that monitors the financial health and stability of municipalities, ensuring they adhere to fiscal policies and maintain balanced budgets.
Municipalities that fall under the jurisdiction of state laws requiring fiscal monitoring and reporting are required to file with the municipal stability board.
Filling out the municipal stability board typically involves completing specific forms provided by the board, detailing financial statements, budgets, and other relevant fiscal information.
The purpose of the municipal stability board is to promote fiscal responsibility, prevent financial crises in municipalities, and ensure compliance with state financial regulations.
Information that must be reported includes budgets, financial statements, operational expenditures, revenue forecasts, and any financial liabilities.
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