Township Board: Tuesday, March 12, 2024 @ 5:30pm Leelanau Township Board (BUDGET SUMMARY)

Executive Summary:

Tax Savings
– Reduced the Emergency Fire Services Millage from 3.5 to 3.0, resulting in $750,000 in savings
– Eliminated the Tax Administration Fees, resulting in $140,302 in savings
Total Tax Savings: $890,302

Category Summaries – Revenues vs Appropriations
– General Fund: ($15,500)
– Cemetery Trust Fund: $3,500
– Emergency Services: $4,582
– Police Services: $29,040
– Facilities Fund (see capital plan summary): ($279,522)
Net of Revenues & Appropriations: ($221,500)*, with 126% of the budget ‘shortfall’ coming from the Facilities Fund, which has over $500,000 in reserve.