Chocolay Township logo Superior Living ... Simply  

Reporting and Financials

Index
Assessing and Taxes

The following is a listing of the inflation rate multipliers in the State of Michigan used in the Capped Value and Headlee calculations since the start of Proposal A:

Year Multiplier Year Multiplier Year Multiplier Year Multiplier
1995 1.026 2000 1.019 2005 1.023 2010 0.997
1996 1.028 2001 1.032 2006 1.033 2011 1.017
1997 1.028 2002 1.032 2007 1.037 2012 1.027
1998 1.024 2003 1.015 2008 1.023 2013 1.024
1999 1.016 2004 1.023 2009 1.044 2014 1.016

Data was extracted from the State of Michigan Department of Treasury Bulletin No. 13 of 2013.

--- Reporting and Financials Index ---

Audited Financial Statements

--- Reporting and Financials Index ---

Budgets

--- Reporting and Financials Index ---

Election Results and Voter Information

--- Reporting and Financials Index ---

Employee Pension

The Municipal Employees' Retirement System (MERS) Actuarial Valuation Results, as of December 31, 2012, provides the following information about the Township employee pension plan:

  • The MERS pension plan for Chocolay Township is currently funded at 102%.

The Township contribution percentage to the employees' pension is capped at 10% of salary. This amount is the same amount that was contributed to the old defined contribution plan.

Under the current MERS pension plan, the Township's required contribution is significantly less than required under the old defined contribution plan.

--- Reporting and Financials Index ---

Reports

--- Reporting and Financials Index ---

Survey Results

--- Reporting and Financials Index ---

Township Plans

--- Reporting and Financials Index ---