Michigan Laws 141.422a – Definitions; A, B
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(1) “Administrative officer” means an individual employed or otherwise engaged by a local unit to supervise a budgetary center.
(2) “Allotment” means a portion of an appropriation which may be expended or encumbered during a certain period of time.
Terms Used In Michigan Laws 141.422a
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Legislative body: means any of the following:
(a) The council, commission, or other entity vested with the legislative power of a village. See Michigan Laws 141.422dTrustee: A person or institution holding and administering property in trust.
(3) “Appropriation” means an authorization granted by a legislative body to incur obligations and to expend public funds for a stated purpose.
(4) “Budget” means a plan of financial operation for a given period of time, including an estimate of all proposed expenditures from the funds of a local unit and the proposed means of financing the expenditures. Budget does not include any of the following:
(a) A fund for which the local unit acts as a trustee or agent.
(b) An internal service fund.
(c) An enterprise fund.
(d) A capital project fund.
(e) A debt service fund.