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STATE PLAN FOR FISCAL YEAR 2012 - michigan

STATE PLAN FOR FISCAL YEAR 2012 - michigan-2025

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The document outlines the State of Michigan's Community Services Block Grant (CSBG) State Plan for Fiscal Year 2012, detailing the framework for reducing poverty and promoting self-sufficiency among low-income individuals through community action agencies. It includes sections on federal legislation, administrative structure, funding distribution, public participation requirements, and programmatic assurances. The plan emphasizes collaboration between state agencies and local organizations to address poverty-related issues and improve community resources while ensuring compliance with federal guidelines.

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What is the purpose of a fiscal year?

What you need to know about making this decision for your LLC. Calendar tax year. A calendar year is twelve consecutive months, running from January 1st and ending December 31st. Fiscal tax year. A fiscal tax year is twelve consecutive months ending on the final day of any month other than December (i.e. July 31st).

What is fiscal year plan?

More of Michigans revenues came from federal transfers than the average state in FY 2022. In FY 2022, 30.7% of Michigan government revenues came from federal transfers. This was 4.1 percentage points higher than the average across all states.

What is Michigans state fiscal year?

Updated July 28, 2024. A fiscal year is a 12-month period used by a company to track annual accounting milestones and set budgets. This 12-month period does not need to coincide with a regular calendar year, which runs from January through December.

Where does Michigan get its money?

FY 2024-25 Fund Sources Of the $2.7 billion Treasury budget, 87% is funded with state restricted revenues. Sales tax revenue which supports state revenue sharing payments to local units of government comprises the vast majority of state restricted fund appropriations.