Township Board: Tuesday, March 12, 2024 @ 5:30pm Leelanau Township Board (7 YR PLAN)

**Executive Summary**

This document outlines a seven-year facilities capital plan, detailing planned expenditures and revenue projections from 2024 to 2030. The plan includes various projects such as xFired/EMT vehicle replacement, Woolsey Restoration, Fire Lane improvements, and infrastructure investments like road resurfacing and township office refurbishment. Total spending will vary year by year, with the most significant investments occurring in areas like vehicle replacements and infrastructure upgrades.

**Financial Overview**

The primary source of funding for this plan is millage revenue, which is projected to increase by 3% annually. This revenue stream, combined with the planned expenditures, results in net facilities budgets for each year. These budgets are designed to ensure the successful execution of all identified projects.

**Project Breakdown**

Specific project costs are provided for each year, enabling a detailed understanding of financial allocation across different areas. For instance, the initial years (2024-2025) concentrate on immediate needs such as equipment replacement and road repairs. Later years encompass larger investments and projects that contribute to long-term facility improvements.

**Conclusion**

The capital plan provides a clear roadmap for facilities management over the next seven years. It aligns planned expenditures with revenue projections, which will allow for prudent financial management of key facilities and ensure the long-term sustainability of critical infrastructure.