Regular Meeting (2025/26 Draft Budget)

**Executive Summary**

This document presents the Township of Kasson’s draft budget for FYE 2025, offering a comparative analysis with actual figures from previous years (FYE Mar 22, FYE Mar 23, and FYE Mar 24) and projections for the current fiscal year (FYE Mar 25). The budget is organized by revenue and expense accounts, with detailed breakdowns for various departments and functions, including the Township Board, Supervisor, Clerk, Treasurer, Assessor, Elections, Township Hall, Cemetery, Planning Commission, Zoning, and Parks and Recreation, along with Fire Department specific financials.

**Revenue Overview**

Total projected income for FYE 2025 is $306,149.39, including deferred revenues, taxes, licenses, state shared revenue, and other sources. Actual revenue for the current year (YTD) is $289,169.93. Significant revenue streams include taxes ($80,511.65 projected), state shared revenue ($180,236.13 projected), and solid waste/landfill ($21,459.30). The document indicates the use of ARPA Funds from prior years.

**Expense Analysis**

Total anticipated expenses for the General Fund is $273,210.36. The largest expense categories are the Township Board ($74,498.01), the Township Hall ($26,473.21), Fire & Rescue ($327,996.53), and the combined total for all salaries for the Board Members, Supervisor, Clerk, Treasurer, Assessor, Board of Review, and Planning Commission is around $134,500. A significant portion of the expense is attributed to Fire & Rescue, including operating costs and capital outlay.

**Other Income/Expense and Overall Financial Outlook**

Other income, primarily from Fire Revenue, is projected at $366,073.71. However, other expenses, dominated by Fire & Rescue operational and capital expenditures, are budgeted at $327,996.53, leading to a net other income of $-11,955.48. The Net Ordinary Income is positive at $41,175.00. The overall financial outlook shows a projected net income of -137,949.00.