LINCOLN PARK, MI -- While three Michigan school districts are still run by emergency managers, there are no remaining state appointees running city governments after Lincoln Park officially escaped financial emergency Tuesday.

That's the first time that's happened in 15 years, according to the governor's office.

Gov. Rick Snyder on Tuesday appointed a Receivership Transition Advisory Board for continued budget oversight in Lincoln Park after the exit of Brad Coulter as emergency manager of the downriver community.

Coulter took over Lincoln Park government in July 2014, with officials at the time projecting a $1 million budget deficit.

In a Monday letter to the governor recommending an end to emergency management of Lincoln Park, Coulter said the budget deficit had been eliminated after reductions in the costs of retiree and employee health care and firefighter overtime accumulation.

Coulter also sold cellphone tower easements and implemented a cost recovery program for 911 services. (Full letter here.)

When the governor took office at the start of 2011, there were emergency managers in Benton Harbor, Ecorse, Pontiac and the Detroit Public Schools.

Under Snyder, new emergency management laws were enacted, giving state appointees broader power over local governments in financial crisis, and receivers were appointed in Allen Park, Detroit, Flint, Hamtramck, Highland Park Schools, Lincoln Park and Muskegon Heights Schools.

Local control has since been restored -- with state-appointed oversight boards still in place -- in all those municipalities, although the three school districts remain under emergency management.

Financial emergencies have also been declared in seven other communities that avoided full-on receivership by agreeing to consent agreements or mediation to resolve budget matters.

Those include Highland Park, Inkster, River Rouge, Royal Oak Township, Wayne County, Benton Harbor Schools and Pontiac Schools.

A chart showing the status of each Michigan community where financial emergencies were declared is available here.

Coulter on Tuesday approved a two-year budget for Lincoln Park and restored the salaries of the city's mayor and city council.

Snyder named the following people to the transition advisory board charged with making sure Lincoln Park stays on track to financial recovery:

Kevin Bonds, assistant director of the Treasury Deparment's State Finance Division; John Zech, former Wayne city manager; Genelle Allen, assistant Wayne County executive; Jessica Thomas, an independent consultant for distressed local governments; and Brendan Dunleavy, former Wayne County auditor general.

"Each brings extensive experience in local government and municipal finance and will work closely with city officials to ensure continued fiscal health in Lincoln Park," Snyder said in a statement.