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I. INTRODUCTORY SECTION

• Title page
• Letter of Transmittal
• Certificate of Achievement
• State Organizational Structure
• Principal State Officials

• Independent Auditor's Report
• Management's Discussion and Analysis
  
  

Basic Financial Statements

    Government-wide Financial Statements

• Statement of Net Assets
• Statement of Activities
  
  

Governmental Fund Financial Statements

• Balance Sheet
• Reconciliation of the Balance Sheet - Governmental Funds to the Statement of Net Assets
• Statement of Revenues, Expenditures, and Changes in Fund Balances
• Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds to Statement of Activities

       Proprietary Fund Financial Statements

• Statement of Net Assets
• Statement of Revenues, Expenses, and Changes in Fund Net Assets
• Statement of Cash Flows

      Fiduciary Fund Financial Statements

• Statement of Fiduciary Net Assets
• Statement of Changes in Fiduciary Net Assets

       Component Unit Financial Statements

• Statement of Net Assets
• Statement of Activities

      Index to Notes

Required Supplementary Information Other Than Management's Discussion and Analysis 

• Budgetary Comparison Schedule - Major Governmental Funds
• Budgetary Comparison Schedule - Budget-to-GAAP Reconciliation
• Notes to Required Supplementary Information - Budgetary Reporting
• Information About Infrastructure Assets Reported Using Modified Approach
  
  

Combining and Individual Fund Statements and Schedules - Non-Major Funds 

    Governmental Funds

• Balance Sheet - By Fund Type
• Statement of Revenues, Expenditures, and Changes in Fund Balances - By Fund Type

    Special Revenue Funds - By Classification

• Balance Sheet
• Statement of Revenues, Expenditures, and Changes in Fund Balances
• Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual

      Special Revenue Funds - Transportation Related

• Combining Balance Sheet
• Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
• Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual

       Special Revenue Funds - Conservation, Environment, Recreation Related

• Combining Balance Sheet
• Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
• Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual

       Special Revenue Funds - Regulatory and Administrative Related

• Combining Balance Sheet
• Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
• Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual

       Special Revenue Funds - Other State Funds

• Combining Balance Sheet
• Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
• Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual

       Debt Service Funds

• Combining Balance Sheet
• Combining Statement of Revenues, Expenditures, and Changes in Fund Balances

       Capital Projects Funds

• Combining Balance Sheet
• Combining Statement of Revenues, Expenditures, and Changes in Fund Balances

       Permanent Funds

• Combining Balance Sheet
• Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
• Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual

Proprietary Funds

      Enterprise Funds

• Combining Statement of Net Assets
• Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets
• Combining Statement of Cash Flows

      Internal Service Funds

• Combining Statement of Net Assets
• Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets
• Combining Statement of Cash Flows

Fiduciary Funds

      Pension (and Other Employee Benefit) Trust Funds

• Combining Statement of Fiduciary Net Assets
• Combining Statement of Changes in Fiduciary Net Assets

       Private Purpose Trust Funds

• Combining Statement of Fiduciary Net Assets
• Combining Statement of Changes in Fiduciary Net Assets

       Agency Funds

• Combining Statement of Fiduciary Net Assets
• Combining Statement of Changes in Assets and Liabilities

Component Units

        Authorities

• Combining Statement of Net Assets
• Combining Statement of Activities

       State Universities

• Combining Statement of Net Assets
• Combining Statement of Activities

III. STATISTICAL SECTION

Financial Trends

• Net Assets by Component
• Changes in Net Assets
• Fund Balances, Governmental Funds
• Changes in Fund Balances, Governmental Funds

  Revenue Capacity

• Personal Income by Industry
• Taxable Sales by Industry
• Personal Income Tax Filers and Liability by Income Level
• Sales Tax Payers by Industry

Debt Capacity   

• Ratios of Outstanding Debt by Type
• Ratios of Net General Obligation Bonded Debt Outstanding
• Debt Service Coverage - Comprehensive Transportation Fund Related Bonds
• Debt Service Coverage - State Trunkline Fund Related Bonds
• Debt Service Coverage - State Building Authority
• Debt Service Coverage - Michigan Tobacco Settlement Finance Authority

Demographic and Economic Information   

• Demographic and Economic Indicators

Operating Information   

• Classified Employees by Function
• Operating Indicators by Function
• Capital Assets by Function

IV. OTHER INFORMATION

• Combined Schedule of Revenue and Other Financing Sources - General and Special Revenue Funds
• Schedule of Revenue and Other Financing Sources - General Fund
• Source and Disposition of General Fund Authorizations
• Source and Disposition of General Fund/General Purpose Authorizations
• Revenue, Bond Proceeds, and Capital Lease Acquisitions - General and Special Revenue Funds
• Schedule of Expenditures by Function - General and Special Revenue Funds - State Funds

       Index of Funds and Component Units

       Acknowledgments