Regular Meeting (Treasurer’s Report for Jan 31, 2024)

Centerville Township

Event Date: 2024-02-14

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**Executive Summary**

This report summarizes the financial position of Centerville Township as of January 31, 2024. The township’s total account balances across various financial institutions, including 4Front Credit Union and Chase Bank, amount to $424,833.72. Additionally, the township holds Certificates of Deposit totaling $103,405.86, bringing the grand total for all accounts to $528,239.58. These accounts include savings, checking, and high-yield savings accounts, as well as funds designated for ARPA (American Rescue Plan Act) purposes.

The report details the receipts received during the reporting period. Major revenue sources included sales tax revenue from the State of Michigan, totaling $24,397.00. Other significant receipts included administrative fees and tax distributions collected by the treasurer, with allocations to the township, fire/ambulance services, and CARSAD. Interest earned on Certificates of Deposit and savings accounts also contributed to the overall revenue.

The report also lists specific transactions with corresponding descriptions, including sales tax revenue, zoning administration fees, and interest income. The report indicates the various sources of income received by Centerville Township during the reporting period, offering a comprehensive overview of the township’s financial activity.

Internal document reference #:2504

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