Regular meeting (Budget Report)

Executive Summary:

Income and Expense Overview
– The township’s total income is $318,842.47, which is 59.6% of the budgeted amount of $534,870.00. This is primarily due to a $232,320.00 transfer from prior years not being realized.
– Total expenses are $253,194.69, which is 47.3% of the budgeted $534,870.00. This is largely due to underspending in areas such as Township Board, Capital Outlay, and Planning Commission.

Other Income and Expense
– The township received $342,835.76 in fire millage revenue, exceeding the budgeted amount by $335.76 or 100.1%.
– Fire department expenses totaled $295,083.45, which is 86.2% of the budgeted $342,500.00.

Net Income
– The township’s net income for the period is $113,400.09.