Finance Reports

City’s Annual Multi Year Budget Report
The City adopts a multi-year operating and capital budget for each fiscal year ending on December 31. The City’s Adopted Budgets are available for the six most current fiscal years. A summary version of the Adopted Budgets are also available for calendar years 2011-2017. The budget documents may be viewed by clicking on the "Adopted Annual Budget" headline above.
 
City of Auburn Hills Annual Financial Report

The City's complete Financial Report (audited financial statements) for each year may be viewed by clicking on the headline above.

Annual Retiree Health Care Actuarial Report

The City’s actuary prepares for the Board of Trustees for the City of Auburn Hills Retiree Health Care Trust Fund an annual actuarial valuation to compute the liabilities associated with post-retirement health benefits likely to paid on behalf of current active employees and retirees. Also, the City’s pre-funding contribution rate is for pre-funding benefits as they accrue is computed and recommended. The City of Auburn Hills Financial Report with Supplemental Information as of 12/31/2015 contains further information on pages 26-27, 63-66, and 81-85.

Retiree Health Care was closed to ALL employees hired after 1/1/2012.  It was closed earlier to certain employee groups as listed.

IAFF-Fire  employees hired after 7/1/2006
Administrative employees hired after 1/1/2007
AFSCME employees hired after 7/1/2009
All Police groups hired after 1/1/2012 

Annual Pension Plan Actuarial Report

The City’s actuary prepares for the Board of Trustees for the City of Auburn Hills Employee Pension Plan an annual actuarial valuation to compute the present value of future benefits likely to be paid on behalf of current retired and active members of the Pension Plan.  Also, the City’s  contribution rate for the next fiscal year is computed and recommended.  The City of Auburn Hills Financial Report with Supplemental Information as of 12/31/2015 contains further information on page 26-27, 56-62, and 81-85.

The defined benefit pension plan closed to all employees hired after 1/1/2000.