Regular meeting (Draft 2024-2025 Budget)

**Executive Summary of Township of Kasson FYE 2025 Draft Budget**

**Overview**
The Township of Kasson has drafted its budget for the financial year ending in 2025, which incorporates projections of revenues and expenditures across various categories. The document outlines expected ordinary income and expenses, with a total proposed budget of $467,570. The budget reflects both current and past financial data, allowing for comparison and analysis of fiscal trends over the previous years.

**Income Summary**
The total estimated income for the upcoming fiscal year is projected at $534,870, derived primarily from various tax revenues such as property taxes, licenses, and permits. Significant contributions also include ARPA funds and state-shared revenues, indicating a diversified revenue stream for the township. The comparison of actual totals from previous years and estimates for the upcoming year demonstrates consistent growth in several revenue areas, reflecting a strong fiscal position for the township.

**Expense Breakdown**
On the expenditure side, total operating costs are detailed, with notable allocations for the Township Board, Supervisor, Clerk, Treasurer, and other essential services. The budget outlines a comprehensive expense estimation across various departmental needs to ensure continued service delivery and community development. Key areas of expenditure include administrative services, public safety, and capital outlays for infrastructure improvements, emphasizing the township’s long-term planning and development goals.

**Conclusion**
In summary, the Township of Kasson’s FYE 2025 draft budget highlights a balanced approach to fiscal management with careful consideration of both income and expenditures. This budget aims to maintain financial sustainability while supporting community needs and priorities, laying a solid foundation for future growth and development.