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Budget and Multi-Year Financial Plan
(Current and Previous)

Recommended Annual Budget and Financial Plan - 2020-2021
 Annual Budget and Financial Plan 2020-21
 

Each year, City Council compiles a list of priorities that address topics such as public safety, parks, infrastructure, finance, etc. Resources are then allocated accordingly based on multiple year revenue projections. In today’s climate, recognizing additional cost savings opportunities is paramount and managing the revenue decline requires continued action. The decline is manageable in its scope with the right decisions. By City Charter, the budget must be approved by City Council in May.

FY 2020-2021 Budget and Financial Plan

FY 2020-2021 Budget and Financial Plan
Multi-Year Financial Plan excerpt (2020-2021)


Previous Budget Documents

FY 2019-2020 Budget and Financial Plan
FY 2018-2019 Budget and Financial Plan
FY 2017-2018 Budget and Financial Plan
FY 2016-2017 Budget and Multi-Year Plan
FY 2015-2016 Budget and Multi-Year Financial Plan
FY 2014-2015 Budget and Multi-Year Financial Plan
FY 2013-2014 Budget and Multi-Year Financial Plan
FY 2012-2013 Budget
FY 2011-2012 Budget
FY 2010-2011 Budget

Comprehensive Annual Financial Report (CAFR)

Click here to view the Comprehensive Annual Financial Report (CAFR) archive.

Bond Rating

 Standard & Poor's City of Novi Bond Credit Rating Report - November 23, 2015