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Fiscal Distress at Inception of Receivership
December 1, 1993
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By
Robert Daddow
Background
Shortly After the Issuance of the Judgment Bonds
Operations - Budget to Actual Comparisons
Use of Restricted Funds
Condition of Accounting Records
Building Authority
Litigation
Insurance
Infrastructure Maintenance
26th District Court
Summary
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Ecorse: The Fall and Rise of a Michigan City
Contents
Introduction
History Preceding the Receivership
Fiscal Distress at Inception of Receivership
Background
Shortly After the Issuance of the Judgment Bonds
Operations - Budget to Actual Comparisons
Use of Restricted Funds
Condition of Accounting Records
Building Authority
Litigation
Insurance
Infrastructure Maintenance
26th District Court
Summary
Actions Taken by Receiver
Post-Receivership Status
Conclusion
Appendix A
Appendix B
Appendix C
