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CITY OF MUSKEGON
MUSKEGON COUNTY, MICHIGAN
RESOLUTION NO.2023-20(J)
WHEREAS City of Muskegon's Brownfield Redevelopment Authority (combined) had a
$64,211 deficit balance June 30, 2022; and
, WHEREAS, Act 275 of the Public Acts of 1980 requires that a Deficit Elimination Plan
be formulated by the local unit of government and filed with the Michigan Department of
Treasury:
NOW THEREFORE, IT IS RESOLVED that the City Commission of the City of
Muskegon adopts the following as the City of Muskegon's Brownfield Redevelopment
Authority (combined) Deficit Elimination Plan.
CORRECTED
FY2021-22 FV2022-23
ASSETS
Cash and Investments $ 66,000
Total Assets 1$ - I$ 66,000
LIABILITIES
Accounts Payable $
Accrued Liabilities
Due to primary government $ 64,211
Advances from primary government ,$ 1,046,980 I $ 1,000,000
I
Total Liabilities $ 1,111,191 I $ 1,000,000
FUND BALANCES (DEFICIT)
Unassigned $ (1,111,191) $ (934,000)
Total Liabilities and fund balances $ - $ 66,000
Adopted this 24 th day of January 2023
By: ~
Ken Johnson -=-.:::::::.
Its Mayor
B~~""---.___ ~~~' \ '-"- ~ (_j
Ann Marie Meisch, MMC
Its Clerk
CERTIFICATION
This resolution was adopted at a regular meeting of the City commission, held on January
24, 2024. The meeting was properly held and noticed pursuant to Open Meetings Act of
the State of Michigan, Act 267 of the Public Acts of 1967.
CITY OF MUSKEGON
B~')y-~ ~ -.---~ V2 J"--
Ann Marie Meisch, MMC
City Clerk