|
Month/Year (click for details) |
Action
Taken |
|
May 2006 |
Department of Management
and Budget (DMB - Executive Branch) Develop Program Policy Guidelines |
|
June 2006 |
Guidelines Sent to Departments
to Draft their Budgetary Requests |
|
September 2006 |
Departments
- Return Budget
Requests to DMB |
|
Oct. and Nov. 2006 |
Departments
- Meet with Governor's
Budget Officials |
|
December 2006 |
Governor's Decisions Made |
|
January 2007 |
Governor's Recommendation
Prepared for Submission to Legislature, Governor's State-of-the-State and
Budget Message Prepared; Consensus Revenue Estimating Conference
Meets |
|
February 2007 |
Budget Documents Delivered
to Legislature-Legislative Action Begins |
|
March - May 2007 |
Legislative Action - Subcommittee
& Committee Hearings, Floor Votes |
|
June 2007 |
Consensus Revenue Estimating
Conference Meets; Budget Targets are Set; Conference Committees Meet |
|
July - August 2007 |
Governor Signs (or Vetoes)
Bills-May Include Line-item Vetoes |
|
October 1, 2007 |
Fiscal Year 2007-08 Begins |
|
October 1, 2007 - September
30, 2008 |
Possible Supplementals and
Transfers |
|
September 30, 2008 |
Fiscal Year 2007-08 Ends |
|
January 2009 |
Preliminary Book Closings-FY
2007-08 |
|
March 2009 |
Final
Book Closings-FY 2007-08 |
| |
|
Month/Year |
Action
Taken |
|
May
2006 |
The Department of Management
and Budget (DMB) begins the process to develop the FY 2007-08 State budget
by preparing program guidelines and directions for State departments. The
guidelines and directions will include assumptions regarding revenue changes,
Federal funds, and economic adjustments. The guidelines also will include
instructions for the preparation of different expenditure alternatives
based on several different assumed levels of appropriations for each
department. |
| |
|
June 2006 |
The Department of Management
and Budget transmits the program guidelines and directions to each State
department with detailed instructions as to how to complete the
documents. |
| |
|
September 2006 |
The State departments return
their budget requests to the DMB based on the guidelines and directions
received from the DMB. |
| |
|
October and November 2006 |
The State departments meet
with the Governor and the DMB to discuss their individual budget requests.
At this stage the rough parameters of the Governor's budget recommendations
begin to develop. |
| |
|
December 2006 |
The Governor and the DMB
begin to prepare the FY 2007-08 budget recommendations. At this point the
Governor is using a revenue estimate prepared by the State Treasurer to
set the amount of revenue available to fund appropriations. |
| |
|
January 2007 |
The Senate Fiscal Agency,
House Fiscal Agency, and State Treasurer meet to develop consensus estimates
of FY 2007-08 State revenues. This consensus revenue estimate will be used
as the basis for the Governor's formal budget recommendation to the
Legislature. |
| |
|
February 2007 |
The Governor formally transmits
his FY 2007-08 budget recommendation to the Legislature. The recommendation
is traditionally delivered to the Legislature at a joint meeting of the
Senate and House Appropriations Committees by the Director of the DMB.
The Governor's formal budget recommendation to the Legislature includes
a series of appropriation bills to implement the spending recommendations,
revenue bills to implement any tax changes proposed by the Governor, and
a series of other bills that are necessary to implement the complete budget
recommendation. |
| The Governor's recommended
appropriation bills then are introduced in the Senate and the House of
Representatives by members of the Appropriations Committees. Based on historical
tradition, the annual appropriation bills are divided between the Senate
and the House of Representatives. Upon introduction the Governor's recommended
appropriation bills are referred to the Appropriations Committees and are
then referred to the appropriate appropriation subcommittees by the Chairpersons
of the Appropriations Committees. |
| |
|
March - May 2007 |
The Senate and the House
of Representatives debate the Governor's FY 2007-08 budget recommendation.
The Appropriations Committees subcommittees take extensive testimony on
the budget recommendations and develop alternatives or amendments to the
Governor's budget recommendations. |
| These subcommittee recommendations
are reported out of the subcommittees to the full Senate or House Appropriations
Committee. The subcommittee recommendations then are debated in the
full Appropriations Committee and passed on to the full membership of the
Senate or the House of Representatives for final action. Once the appropriation
bills pass the House or the Senate, the bills then go through a similar
hearing and debating process in the opposite chamber. At the same time
that the appropriation bills are being considered by the Legislature, other
revenue or statutory bills that are part of the overall budget are also
being debated and approved by the Legislature. |
| |
|
June 2007 |
The Consensus Revenue Estimating
Conference meets to debate and agree upon
updated estimates of FY
2007-08 revenues. This revised consensus revenue estimate is then used
to make final legislative adjustments on the budget pending before the
Legislature. Upon completion of the revised consensus revenue estimate,
legislative leadership meets with the Director of the DMB in an attempt
to establish final spending targets for each State department. These meetings
are referred to as budget target meetings. |
| The participants in the
budget target meetings will attempt to develop final appropriation targets
for each State department. These final spending targets are developed using
the latest consensus revenue estimates. The participants in the budget
target meetings also will discuss and attempt to reach agreements on other
overall budget issues including boilerplate issues, revenue bills, and
other statutory changes to be included in the final budget. Upon reaching
agreements on the final spending targets, legislative leadership informs
the Legislature of these spending targets and final conference committee
action on the appropriation bills begins. |
| The conference committees
are expected to ensure that the final level of appropriations in the conference
reports is equal to the appropriation targets established by legislative
leadership. This process helps ensure that the enacted appropriation bills
do not exceed the consensus estimate of available revenues. |
| |
|
July - August 2007 |
The conference committees
complete action on the appropriation bills and the Legislature approves
the bills and sends them on to the Governor. Upon receiving the appropriation
bills, the Governor has 14 days to sign the bills into law or to approve
the bills with line-item vetoes. |
| |
|
October 1, 2007 |
Fiscal Year 2007-08 Begins |
| |
|
October 1,
2007 - September 30, 2008 |
Throughout the fiscal year
time period, the Governor can propose to the Legislature adjustments in
the enacted FY 2007-08 appropriations. These adjustments can take the form
of supplemental appropriation requests or appropriation transfer requests.
Supplemental appropriations add additional appropriations to the level
of appropriations contained in the initial budget. Appropriation transfers
move existing appropriations from one appropriation line item to another
within a department without increasing the overall level of appropriations.
Supplemental appropriations require approval by the entire Legislature
and the Governor's signature to be effective. Appropriation transfers require
approval by both the Senate and House of Representatives Appropriations
Committees to be effective. |
| |
|
September 30, 2008 |
Fiscal Year 2007-08 Ends |
| |
|
January 2009 |
Pursuant to statutory requirements
the DMB releases its initial estimates of the actual year-end balances
in the General Fund and School Aid Fund. These estimates are contained
in a report referred to as the Preliminary Book Closing Report. |
| |
|
March 2009 |
The Department of Management
and Budget releases the final accounting of FY 2007-08 revenues, expenditures
and year-end balances. These data are contained in the State of Michigan
Comprehensive Financial Report. |
| |
