The Village has received a letter of non compliance for filing the FY2014-15 Audit more 6 months past due.
May 25, 2016: Thank you for submitting a qualifying statement for Bear Lake Village to the Michigan Department of Treasury on May 24, 2016. Based upon the information provided in the qualifying statement, we have determined that Bear Lake Village is not in material compliance with the following criteria as identified in section 303(3) of Public Act 34 of 2001:
Subsection [d] the municipality has not filed its most recent audit report with the department within 6 months from the end of the fiscal year of the municipality.
Therefore, Bear Lake Village is not authorized to issue municipal securities under this act without further approval from the Department. You may request reconsideration of this denial or you may request prior approval from the Department for each municipal security that you issue until you are eligible to submit your next qualifying statement.
Refer to Pages 44-46
All Audits from 2004 to date are available from:
Michigan Department of Treasury Village Audit Filings.
Enter: County, Village, leave Year blank and leave Select Document Type.