The principal Ecorse funds, which comprise over 95% of the
General Fund – accounts for the collection of
property taxes, State shared revenues, fines and forfeits (principally from the
Court), and other revenues. Expenditures include: Council, Court, general
government, police, fire, recreational and other services.
Major and Local Streets Funds – these two funds
account for repairs and maintenance of roads and streets, including debt service
on general obligation debt issued for road repairs. Revenues are principally
derived from gas and weight taxes received through the State.
Water and Sewer Fund – accounts for the
acquisition costs of water from the Detroit Water and Sewer Department, sewer
costs from Wayne County Department of Public Works, maintenance of water and sewer transmission lines, hook-up, meter reading, and other similar services. Amounts are billed to Ecorse residents (including corporations) based on water usage.
Police and Fire Pension Plan – represents Ecorse's
retirement system for police and fire personnel. The Plan operates under the
direction of the Pension Board which is comprised of three members: one elected
representative each from the police and fire departments and an appointee by
City Council (generally City Controller).
The fiscal distress which existed at the Receiver's
appointment did not arise over night. The financial problems experienced by
Ecorse began many years prior. The operating history of the above Ecorse funds
for approximately five years prior to the receivership, during the receivership
and after the receivership is included in the Appendices A and B. The financial
information was principally derived from Ecorse's audited financial statements,
with certain adjustments to reflect certain transactions of interest.