Township Board: Tuesday, February 11,2025 at 5:30 pm (Budget Draft)

Executive Summary:

General Fund:
– The General Fund has a projected ending fund balance of $1,198,711.38 for the 25-26 fiscal year, a decrease from the previous year.
– Key revenue sources include current property taxes, state revenue sharing, and cable TV franchise fees.
– Major expenditures are for township operations, including the town hall, planning and zoning, parks and recreation, and the Woolsey Airport.

Emergency Services Fund:
– The Emergency Services Fund has a projected ending fund balance of $2,497,072.49 for the 25-26 fiscal year, a decrease from the previous year.
– Revenue is primarily from current property taxes, with additional funding from patient service fees and other sources.
– Expenditures are for fire and EMS operations, including salaries, equipment, and facilities maintenance.

Facilities Fund:
– The Facilities Fund has a projected ending fund balance of $692,141.49 for the 25-26 fiscal year, a decrease from the previous year.
– Revenue is from current property taxes.
– Expenditures are for capital improvements to township facilities and infrastructure.

Other Funds:
– The township also maintains several other funds, including the Police Services Fund, the Cemetery Trust Fund, the Sewer SAD 2005-1 Fund, and the Firemens Discretionary Fund, each with their own revenue sources and expenditures.

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