Regular meeting (P&L 1st Qrt 2024)

The financial report for Centerville Township covering April through June 2024 reveals a significant variance between actual income and budgeted figures, with total income at $51,214.24 against a budget of $644,157.00, resulting in a shortfall of $592,942.76. This represents only 8.0% of the budgeted income. Key revenue streams such as property taxes and fire operating mills are notably underperforming, with actual receipts at 3.3% of their respective budgets. Conversely, state shared metro revenue exceeded its budget by 5.6%, and zoning/permits/splits generated unexpected income. On the expense side, total expenditures reached $155,964.52, which is 24.0% of the budgeted $648,997.00, indicating a significant underspend across various categories.

Expenses for the township board, including road improvements and legal fees, are well below budget, with actual spending at 12.7% of the allocated funds. Similarly, the township supervisor’s office has only utilized 21.7% of its budget, primarily due to low spending on office supplies and travel. The clerk’s office has spent 27.6% of its budget, with notable expenditures on wages and contracted services. The treasurer and assessor’s offices have also maintained spending below 25% of their respective budgets, reflecting a cautious approach to financial management during this period.

Significant variances are observed in other areas as well. The fire department’s administrative fee expenditure is at 25.0% of the budget, while the township hall has incurred costs for upgrades that exceed the budget by 217.9%. The planning department’s legal fees and professional services have overshot the budget by 31.5%, indicating higher than anticipated costs in this area. Overall, the township’s net income for the period is a deficit of $104,750.28, which is a stark contrast to the budgeted deficit of $4,840.00. This financial performance underscores the need for a thorough review of budget assumptions and spending patterns to align future projections more accurately with actual outcomes.