Regular Meeting (P&L thru 3.12.25)

**Executive Summary**

This report presents a Profit & Loss Budget vs. Actual Cash Basis for Centerville Township, covering the period from April 1, 2024, to March 12, 2025. The analysis compares budgeted figures with actual revenues and expenses, providing insights into financial performance. The report reveals that while total revenues are slightly below budget, certain revenue streams, like Zoning/Permits/Splits, Cable Franchise Fees, Federal Grant ARPA Funds, Interest Earned, and Reimbursements, significantly exceeded their budget.

**Income and Revenue**

Overall, the Township’s total revenues reached $608,363.23, which is 94.4% of the budgeted amount of $644,157.00. A few revenue categories, especially those related to zoning, permits, and grants, exceeded their budgeted amounts, indicating successful implementation and utilization of funds. Property taxes and state-shared sales tax revenues fell short of the budgeted amounts, impacting the overall revenue performance. Other Government Income was 100% of the budgeted amount.

**Expenditures and Expenses**

Total expenses for the period were $613,234.40, representing 96.8% of the budgeted $633,697.00. Several departments experienced variances, with some exceeding their budgets, while others remained under. Major areas of spending include the Fire Department and various administrative functions. There are some high over budget % in legal fees, auditing, and computer services.

**Net Income**

The report indicates a net ordinary income of -$4,671.17, a significant variance from the budgeted $10,460.00. The financial outcome reflects the combined impact of revenue performance and expenditure patterns, highlighting the areas of the budget where additional attention may be required.