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County adopts updated Delinquent Tax Revolving Fund policy
Summary
The Montmorency County Board approved Resolution 2026-03 updating use, reserve, and surplus-transfer rules for the Delinquent Tax Revolving Fund, including a mandatory reserve calculation and an annual surplus process to be completed after the audit.
The Montmorency County Board of Commissioners on Jan. 22 adopted Resolution 2026-03, which replaces prior DTRF guidance and formalizes procedures for calculating reserves and transferring surplus. The board amended section three of the draft policy during discussion to include the phrase "but not limited to," broadening the enumerated allowable costs in the adopted policy.
Under the new policy the county treasurer is charged with calculating the annual reserve and any unrestricted surplus following the annual audit; that calculation is to be submitted to the controller/administrator by July 31 each year. The resolution repeats statutory limits from MCL 211.87b and specifies allowable expenditures "directly related to delinquent tax administration," including software and professional services. The policy also sets a reserve requirement tied to delinquent-tax history, and requires any transfer of surplus to the general fund be authorized by formal board action.
