Livonia Performance Dashboard and Citizens Guide
Livonia is an efficient, well-run community of approximately 97,000 that prides itself on transparency in government and timely, in-depth public information.
I am pleased to share two informational tools that offer residents access to learn about the financial operation of the City and our performance in key priority areas such as public safety, quality of life, economic strength and fiscal stability.
The Citizens Guide (Municipal Financial Summary) and Performance Dashboard detailed on the following pages have been produced in connection with the State of Michigan’s Economic Vitality Incentive Program. This format is designed to offer an easy-to-use examination of how the City is performing in the areas of finances, delivering services, and addressing the challenges of the future.
As you examine the information on Citizens Guide (Municipal Financial Summary) please be aware that there are various drop-down menus that display information in different formats. Our website will also continue to provide the City’s budget documents for each of the past 10 years, plus financial charts, millage rates, assessment data, etc.
I hope you find the Citizens Guide and Performance Dashboard useful and I welcome your comments and questions about the information provided.
Dennis K. Wright
Mayor, City of Livonia
To view the Municipal Performance Dashboard, click here.
To view the Municipal Financial Summary (Citizen's Guide), click here.
Key terms defined:
The following key terms and definitions may be helpful when reading this report:
• Budget deficit/surplus. If less money is received than paid out during a given fiscal year, there is a budget deficit or shortfall. If there is more money received than paid during the fiscal year, there is a budget surplus.
• Fiscal Year (FY). The 12-month period of time in which budgets are to be allocated or finances planned. The City of Livonia's fiscal year runs from December 1 to November 30 each year.
• Fund equity. Once all the bills for the year have been paid out of a certain fund, whatever money is left over is called the fund balance. When a fund balance is less than zero, you'll see the number shown with parentheses around it. Deficits cause fund balances to decrease, while surpluses cause them to increase.
• Post employee benefits. These are benefits that the City has contracted to provide its employees after they leave City employment. This would include retirement payments and health insurance. The City's commitment varies based on the date of hire. Newer employees receive only defined contribution pensions and retiree health savings accounts, so there is no City obligation for these benefits after retirement.
• Reserved/Restricted funds. Some funds are considered to be "reserved" or "restricted" for a specific purpose, and cannot be spent for anything else.