Regular Meeting (Budget Report)

Executive Summary:

Sections:

Income:
The Township of Kasson’s total income for the April 2024 to March 2025 budget year is projected to be $333,466.04, which is 62.2% of the budgeted amount of $535,919.00. The main sources of income are taxes, state shared revenue, and landfill revenue.

Expenses:
The total expenses for the Township are projected to be $258,954.59, which is 52.3% of the budgeted amount of $494,744.00. The major expense categories include Township Board, Supervisor, Clerk, Treasurer, Assessor, Elections, Township Hall, Cemetery, Planning Commission, Zoning, and Parks and Recreation.

Other Income and Expenses:
The Township also has additional income and expenses related to the Fire and Rescue department. The total other income is projected to be $366,076.10, which is 99.7% of the budgeted amount of $367,000.00. The total other expenses are projected to be $328,017.22, which is 80.4% of the budgeted amount of $408,175.00.

Net Income:
The projected net income for the Township is $112,570.33, which is 100.0% of the budgeted amount of $0.00.