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City of Troy

500 West Big Beaver
Troy, MI 48084
Ph: 248.524.3300

Financial Services

Fiscal Year 2020-2021 Budget
On April 20, City Manager Mark Miller presented the fiscal year 2020-2021 proposed budget to the City Council. The City Charter requires the City Council to adopt a budget for the ensuing fiscal year on or before the third Monday in May (May 18, 2020). The public hearing before adopting a budget will be held during the May 11 regular City Council meeting. Executive Order 2020-59 (EO 2020-59) extended the “Stay Home, Stay Safe” order through May 15. Accordingly, the May 11 regular City Council meeting and the public hearing will be conducted remotely.

Budget Information

Public Hearing Information

  • Public Notices- Information about the May 11 budget public hearing and other public notices.
  • Public Comment- Follow the instructions to remotely participate in City Council meetings.

RobMaleszyk_web

Rob Maleszyk | Chief Financial Officer

The Chief Financial Officer oversees the following divisions: Accounting/Finance; City Assessor's Office; City Treasurer's Office; Information Technology; and Purchasing. The Chief Financial Officer (CFO) compiles and reviews the City's three year annual budget including the assurance of quality, accuracy, timeliness, completeness, and compliance with local, state, and national standards.

The CFO continually monitors financial condition and performance measurements through out the fiscal year. This includes quarterly reporting, cash flow analysis, forecasting, rate studies, financial/demographic trend reviews and budget amendments if necessary.

At the end of the fiscal year, the CFO coordinates the City's annual independent audit and issues the nationally recognized and award winning Comprehensive Annual Financial Report (CAFR) and the summarized Popular Annual Financial Report (PAFR).


Value Statement

  • Integrity: We are committed to provide services in an honest, ethical, open and respectful manner to all people and the free exchange of ideas.
  • Excellence/Quality: We value innovative, timely, solution-oriented, and cost-effective services and systems. We are committed to achieving the highest levels of quality and reliability in the services we provide to our customers. We strive to provide sound financial leadership to the City by delivering proactive financial solutions and reporting that support the City’s master and strategic plans.
  • Stewardship/Accountability: We practice sound financial management and are committed to safeguarding and ensuring the effective and efficient use of City resources.
  • Transparency: We are committed to openly share public information with others in a way that is meaningful and effective.
  • Communication: We are devoted to providing timely, accurate and meaningful reporting and communication to our internal and external customers that address questions or concerns, share constructive ideas, and provide information for well-informed decision making.
  • Personal Excellence: We value and encourage continuous professional development of our staff and celebrate their success as they are our most valuable resource.
  • Teamwork: We value the contribution our staff makes in achieving our mission and we support and encourage everyone working together in achieving desired outcomes.
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