Special Meeting (Draft 2024-2025 Budget)

**Executive Summary**

**Overview:**
The Township of Kasson’s draft budget for FYE 2025 outlines anticipated revenues and expenditures across various departments, with a focus on aligning financial planning with operational needs. This document presents the proposed budget, comparing it to previous fiscal years’ actuals, year-to-date figures, and estimated totals. The budget incorporates both general fund operations and specific allocations for the Fire Department.

**Revenue and Income:**
The township’s revenue sources include taxes, licenses and permits, state shared revenue, and various other income streams. The total income for FYE 2025 is budgeted at $534,870.00 in the general fund. The budget also includes fire revenue of $342,500.00, mainly from fire millage.

**Expenditures:**
The budget allocates funds across various departments, including Township Board, Supervisor, Clerk, Treasurer, Assessor, Elections, Township Hall, Cemetery, Planning Commission, Zoning, and Parks and Recreation. Major expenses include salaries, payroll taxes, professional services, and capital outlays. The proposed total expense is $534,870.00 for the general fund and $342,500.00 for the Fire Department.

**Net Income and Financial Outlook:**
The net ordinary income for the general fund is projected at $0.00. The fire department is projected to have a net other income of -$41,175.00. The overall financial strategy aims to maintain fiscal responsibility while supporting the operational needs of the township and its essential services.