The Finance Department is responsible for managing the township's financial resources by working with all department directors. The Finance Director oversees the daily operations of accounting, accounts payable and receivable, and payroll, including the supervision of their respective information systems.
An Annual Budget Report is prepared for all funds expended by the township to present a picture of township government operations and set the appropriations for the fiscal year. Budget study sessions are open to the public providing citizens an opportunity to observe the deliberation process. The Township Board of Trustees conducts an annual public hearing each March to provide citizens an opportunity to comment on the annual budget prior to its approval.
The Finance Department is responsible for the annual fiscal year-end financial statements that are audited by the independent audit firm of Plante Moran CPAs. The Finance Director also provides quarterly budget status reports to the Board.
The most recent Fiscal Year Budget and Audited Financial Statements can be be found below. Historical budgets and audited financial statements can be found in our Archive Center or at the following link: Fiscal Year Budgets and Archived Financial Reports/Budgets.
Adam D. BonarekFinance Director
Adam Bonarek has been the Township’s Director of Finance, Information Technology and Risk Management since 2018. In 2012, Adam was elected to serve the Township as a Parks Commissioner, including two years as the Commission president. In 2016, Adam was elected to serve as a Township Trustee, and in October 2018 Adam resigned his seat as Trustee to become the Township’s Finance Director.
With family that has lived in Redford for over 60 years, Adam says his favorite thing about Redford is the strong sense of community and the mix of old and new that runs throughout the township.
Prior to Adam’s appointment as Finance Director, the department had been experiencing extreme turnover, Adam being the fifth finance directors in just six years. With that in mind, Adam’s initial focus has been on stability, process optimization, and modernization. Adam is always looking for new ways to integrate modern technology within the department and is excited about some of the projects that are on the horizon, including moving to a cloud-based application system for our main software system, BSA, and a revamp of our township website (currently underway).
In addition, Adam has focused on long-range forecasting and planning, revamping the township’s Capital Improvement Plans, working with the Township Superintendent to push forward a new strategic master plan for the Township, and focusing on reducing our pension and OPEB liabilities.
Adam holds a BA from the University of Michigan-Ann Arbor, an MBA from Eastern Michigan University, and was a 2018 Fellow for the Michigan Political Leadership Program through Michigan State University.
Reports and Resources
- Audited Financial Statements March 31, 2022 (PDF)
- Single Audit Report March 31, 2022 (PDF)
- Summary Schedule March 31, 2022 (PDF)
- Audited Financial Statement March 31, 2021 (PDF)
- Single Audit Report March 31, 2021 (PDF)
- Summary Schedule March 31, 2021 (PDF)
- Audited Financial Statements March 31, 2020 (PDF)
- Single Audit Report March 31, 2020 (PDF)
- Summary Schedule March 31, 2020 (PDF)
- 2020 CVTRS (PDF)
- Financial Report with Supplemental Information March 31, 2019 (PDF)
- 2019 CVTRS (PDF)
- Financial Report as of March 31, 2018 (PDF)
- 2018 CVTRS (PDF)
Actuarial Valuations and Reports
- General Employees Pension Actuarial Valuation as of December 31 2021 (PDF)
- Police and Fire Employees Pension Actuarial Valuation Report as of March 31, 2021 (PDF)
- General Employees Pension Actuarial Valuation Report as of December 31, 2020 (PDF)
- Police and Fire Employees Pension Actuarial Valuation Report as of March 31, 2020 (PDF)
- Police and Fire Employees OPEB Actuarial Valuation Report as of March 31, 2020 (PDF)
- General Employees OPEB Actuarial Valuation Report as of March 31, 2020 (PDF)