Township Board: Monday, March 18, 2024 at 10:00am Special Meeting (Proposed Budget Report)

Executive Summary:

General Fund (101):
– Estimated revenues are projected to decrease from $914,678.75 in FY 2022-23 to $365,517.82 in FY 2023-24, then increase to $851,940.00 in FY 2024-25.
– Appropriations are projected to decrease from $972,579.42 in FY 2022-23 to $713,193.48 in FY 2023-24, then increase to $868,711.00 in FY 2024-25.
– The net of revenues and appropriations is projected to decrease from a deficit of $57,900.67 in FY 2022-23 to a deficit of $347,675.66 in FY 2023-24, then a deficit of $16,771.00 in FY 2024-25.

Other Funds:
– The Emergency Services Fund (206) has estimated revenues decreasing from $1,924,115.33 in FY 2022-23 to $209,336.09 in FY 2023-24, then increasing to $1,843,212.00 in FY 2024-25. Appropriations are projected to decrease from $1,774,263.26 in FY 2022-23 to $1,640,388.56 in FY 2023-24, then increase to $1,840,880.00 in FY 2024-25.
– The Facilities Fund (213) has estimated revenues decreasing from $121,573.40 in FY 2022-23 to $10,361.73 in FY 2023-24, then increasing to $173,478.00 in FY 2024-25. Appropriations are projected to increase from $1,122.50 in FY 2022-23 to $134,439.45 in FY 2023-24, then $453,000.00 in FY 2024-25.
– The Sewer SAD 2005-1 Fund (852) has estimated revenues decreasing from $181,391.13 in FY 2022-23 to $36,491.95 in FY 2023-24, then $36,400.00 in FY 2024-25. Appropriations are projected to decrease from $155,696.36 in FY 2022-23 to $6,055.20 in FY 2023-24, then $0 in FY 2024-25.

Leelanau Township