The City Treasurer is the Chief Financial Officer of the City, appointed by the City Manager with the confirmation of the City Council. The principal responsibility of the Treasurer is to maintain all the financial records of the City in an orderly fashion and to ensure that the its fiscal integrity is maintained. The Treasurer possesses the following responsibilities:
Budget-detailing revenue and expenditure forecasts
General Ledger accounting and payroll
Utility and Tax billing
Pension administration Collection/deposit/investment of all City funds
Disburses all city funds in accordance with the provisions of law and procedures established by the City Council.
Performs such other duties as prescribed by law, the City Council, or the City Manager
The City of Richmond's fiscal year is July 1 through June 30. Residents are invited to attend the annual budget hearings in April and May of each year. The budget is also available to the public upon request.
The annual audit is performed by an independent certified public accounting firm. The findings are presented to the Mayor and City Council and reported to the Michigan Department of Treasury. This annual financial report is available to the public in late fall upon request.
The total 2016 Millage Rates are 38.5285 for homestead and 56.5285 for non-homestead. The winter millage rate is 1.5559 for both and the remainder is on the summer tax bills. Tax bills are mailed out on July 1st and December 1st and are due on September 30th and February 28th.