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Budget Updates & Resources


March 7, 2012:  The transmittal letter below, directed to Oakland County government's elected officials from County Executive L. Brooks Patterson introduces the report entitled "Framework: Summary of Future Operating Issues and Related Resolution" ( Framework). Dated February 23, 2012, the Framework analysis addresses County operating budgets for FY-2012 through FY-2015.

The Framework analysis is an essential component of Oakland County's nationally recognized long-range budgeting practices. The analysis contains a thorough assessment of:  1) the closed accounting records as of September 30, 2011; 2) a discussion of economic issues that may impact future operating budgets and 3) projected operating needs for FY 2012 through FY 2015.

The Framework's foundation is rooted in the Board of Commissioner's adopted budget and budget plans for FY-2012 through FY-2014.  The analysis is designed to demonstrate to our taxpayers, to our County employees and to the bond rating agencies, that Oakland County is and will remain, fiscally sound.  Details contained in the Framework show that the operating budgets for FY-2012 through FY-2015 are in balance, and prove that they will, with continued fiscal vigilance, be balanced over the entire period. 

 



September 22, 2011:
  Oakland County Executive L. Brooks Patterson applauds the Board of Commissioners’ unanimous vote in favor of his three-year budget recommendation for Fiscal Years 2012, 2013 and 2014. The General Fund budget is balanced at $412,035,974 for Fiscal Year 2012; $413,950,138 for Fiscal Year 2013; and $421,212,381 for Fiscal Year 2014. Total budget for all funds amounts to $796,178,345 for Fiscal Year 2012; $783,509,204 for Fiscal Year 2013; and $790,936,792 for Fiscal Year 2014.  >> READ MORE 




July 6, 2011 Budget Message

Oakland County Executive L. Brooks Patterson announced that Oakland County employees may see a 1% general salary increase in 2014 with no salary changes for 2012 and 2013 in his budget recommendation to the Board of Commissioners Wednesday evening.   >> READ MORE  

 


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Budget Symposium II:  November 8, 2010


Learn about tools and approaches used by Oakland County in our multi-year budgeting process at the  2010 Budget Symposium II sessions. 

 




July 7, 2010 Budget Update: County Budget Result of Long-Term Outlook

 

Oakland County Executive L. Brooks Patterson told the Board of Commissioners July 7, 2010 that his budget recommendations reflect a diligent and intense process of financial management in a challenging economy while delivering quality, cost-effective and needed services to residents.

Patterson’s balanced three-year budget for Fiscal Years 2011, 2012 and 2013 proposes no tax increases.

“The budget is more than merely balancing income with expenditures,” Patterson said. “It is the result of a continuous, forward-looking focus by the county’s Management and Budget and Human Resources Departments to anticipate problems and take appropriate action well in advance of major budgetary fluctuations.”

Oakland County government stays within its means through innovative management of its revenues and spending. The county, however, continues to confront the issues of job losses and declining real estate values, which impact Oakland County’s tax base well into the future.

The county’s long-term outlook will continue to allow it to weather the fiscal storm. As the only county in the United States to budget on a rolling three-year cycle, Oakland County is looking ahead to Fiscal Year 2014 and beyond.





Budget Symposium I:  December 7, 2009
 
Oakland County Executive L. Brooks Patterson held a symposium for local government leaders on how to manage their declining budgets during the worst economy since the Great Depression on Monday, December 7, 2009. The presentation took place 8:00 a.m. to noon in the Board of Commissioners Auditorium at 1200 North Telegraph, Building 12 East in Pontiac.

The four sessions discussed the economic forecast for the coming fiscal years, potential fallout from Michigans money woes, the benefits of multi-year budgeting and the savings from employee benefits and healthcare reform.


Session 1: Assessment Projections for the Next Two Fiscal Years

Session 3: The Benefits and the "How-To" of Multi-Year Budgeting

Session 2: Potential Fallout of State Economic Woes

Session 4: Savings from Benefits and Health Reform






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