Regular Meeting (Draft 2025/26 Budget)

Executive Summary: This document presents the draft budget for the Township of Kasson for the Fiscal Year Ending (FYE) 2025, along with comparative actual figures from FYE 2022, 2023, and 2024. It details revenue and expense accounts for various departments, including the Township Board, Supervisor, Clerk, Treasurer, Assessor, Elections, Township Hall, Cemetery, Planning Commission, Zoning, and Parks & Recreation. The budget also encompasses Fire Revenue and Expenses.

Revenue and Income: Total income for FYE 2025 is projected at $306,149.39, compared to $278,200.46 actuals in FYE 2024. Key revenue sources include taxes, state shared revenue, and solid waste landfill. A significant portion of the FYE 2024 income comprised of ARPA funds that are no longer available in the FYE 2025 budget. The document outlines estimated remaining and total budget figures for FYE 2025 and proposed budget for FYE 2026.

Expenditures and Expenses: Total expenses are budgeted at $259,071.52 for the general fund and $327,943.84 for the fire and rescue, and further detailed across various departmental functions such as Township Board, Supervisor, Clerk, etc. Key areas of expenditure include salaries, payroll taxes, supplies, professional services, and capital outlays. The FYE 2025 budget reflects a decrease in expenses compared to the proposed FYE 2026 budget, especially for items such as Township Board.

Financial Overview: The net ordinary income is projected at $41,175.00. When considering other income and expenses (primarily fire-related), the net other income reflects a negative value of -$41,175.00. The document also provides a summary of the financial position, highlighting the net impact of all income and expenses, which results in an overall decrease in the fund balance of -$198,524.00.