The DDA fiscal year works on the calendar year (January – December). The proposed budget is submitted to the Township Manager/Board in September. The Township Board reviews the budget and adopts it in December. The DDA reviews the adopted budget at their January meeting.
The DDA’s financial statements are included in the Township’s audited financial statements as a component unit and are not audited separately.
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for budget and audit information
Tax Increment Financing Act 57 Annual Reports
2019 Annual Report
2018 Annual Report
2017 Annual Report
2016 Annual Report
2015 Annual Report
DDA Financial Reserves
As of December 31, 2019, the DDA had $1,099,984.19 in its fund balance. As the 2011 TIF Development Plan describes, this balance is expected to contribute to the following projects which require a larger amount of investment:
- Ongoing Maintenance of District infrastructure - $50,000
- Support of Public Transportation - $150,000
- Property Acquisitions - $800,000
- Creation of Public Gathering Spaces with amenities - $3,500,000
Contracts & Services
In compliance with Public Act 57 and the DDA’s desire to be transparent with the community, below is a list of current contracts and management services provided to the DDA.
Aquarius Lawn Sprinkling
Municipal Web Services
Website Hosting & Development