Township Board: Township Board Special Meeting Wednesday, February 26, 2025 at 4:30 pm (Budget Daft)

**Executive Summary of the Leelanau Township Budget Report**

**Overview**
This budget report for Leelanau Township encompasses calculations relevant as of March 31, 2025, and provides a detailed overview of the financials for the fiscal year 2024-2025, along with proposed changes for 2025-2026. The document includes estimates for revenues and appropriations across various funds, showcasing the fiscal management efforts of the township.

**Revenue Insights**
Total estimated revenues for all funds in the report are projected at $3,052,570. Updated revenue estimates have shown an increase from the original budget figures, reflecting a noteworthy anticipated growth in property taxes and other income sources such as land use permit fees and various service fees. However, it’s apparent that certain revenue streams, such as delinquent property taxes, have either underperformed or remain stagnant.

**Expenditure Analysis**
In terms of expenditures, total appropriations amount to $3,280,591 for all funds, indicating that overall spending is closely monitored against revenue generation. Key highlights in spending include salaries, employer social security contributions, and service contracts for various departments. Recommendations for the 2025-2026 budget reflect a strategic approach, with provisions for adjustments in areas such as health insurance and operational supplies while addressing critical needs such as legal services and capital outlay for community projects.

**Conclusion**
The report culminates in presenting a responsible financial posture with a predicted end fund balance of approximately $4,783,022. The net position shows a proactive attitude towards fiscal resilience, emphasizing the importance of balancing revenues against ongoing and future expenditures. This budgetary framework serves as a testament to Leelanau Township’s commitment to effective financial planning and community service delivery.