Regular meeting (Draft 2024-2025 Budget)

Executive Summary:

Section 1: Revenue Accounts
The document outlines the various revenue sources for the Township of Kasson, including taxes, licenses and permits, state shared revenue, and other miscellaneous sources. The proposed budget for fiscal year 2025 estimates a total revenue of $532,319.

Section 2: Expenses
The document breaks down the township’s expenses across various departments and functions, such as the Township Board, Supervisor, Clerk, Treasurer, Assessor, Elections, Township Hall, Cemetery, Planning Commission, Zoning, and Parks and Recreation. The proposed budget for fiscal year 2025 estimates a total expense of $491,144.

Section 3: Other Income and Expense
The document includes revenue and expenses related to the Fire and Rescue department, which is a significant portion of the township’s budget. The proposed budget for fiscal year 2025 estimates a total other income of $367,000 and a total other expense of $408,175.

Overall, the proposed budget for fiscal year 2025 projects a balanced budget with a net income of $0.