Summary
The Leelanau Township Board reviewed a three-year budget trend document (2024-25 actual, 2025-26 current, 2026-27 proposed) covering the General Fund (101) and Emergency Services Fund (206). The document shows rising revenues and appropriations across both funds, with the General Fund appropriations exceeding the Michigan Department of Treasury's recommended fund balance minimum in the proposed year.
Financial Summary
General Fund (101): total estimated revenue is projected to rise from $851,940 (2024-25) to $992,650 (2025-26) to $1,254,353 (2026-27), driven partly by property tax growth ($537,472 to $620,000) and new Communication Tower rental income ($25,000 to $55,167). Total appropriations grew from $871,711 to $1,433,910.25, with the 2026-27 proposed figure listed as $1,259,734. Notable increases include Townhall operations (rising to $314,200, including a jump in Insurance and Bonds to $90,000), Board of Review/Assessing ($124,065), Elections ($37,680), and Parks and Facilities ($230,830). The beginning fund balance for 2026-27 is projected at $1,512,400, with an ending balance of $1,507,019. The Michigan Department of Treasury recommends a fund balance equal to two months of expenses, approximately $213,812.
Emergency Services Fund (206): total estimated revenues are projected to grow from $1,843,212 to $2,278,087 to $2,289,878, largely from property taxes ($1,632,212 to $1,960,000) and patient service fees ($70,000 to $300,000). Appropriations rose from $1,840,880 to $2,375,848, with the 2026-27 figure listed as $2,325,023, reflecting increases in EMT salaries ($820,000 to $930,000), overtime ($90,000 to $180,000), and equipment ($45,000 to $100,000 after a $400,000 peak in 2025-26). The fund's ending balance is projected to decline from $2,390,869.37 to $1,833,900, with a net revenue/appropriation shortfall of $(35,145) projected for 2026-27.
Other Business
The document itself consists solely of the three-year budget trend figures for Funds 101 and 206; no other agenda items, discussions, or narrative content are included.
Action Items
No specific assigned tasks, deadlines, or follow-up actions are stated in the document. However, the Emergency Services Fund's projected declining ending balance ($1,833,900 for 2026-27, down from $2,390,869.37) and the General Fund's fund balance nearing but still above the Treasury-recommended minimum of $213,812 warrant continued monitoring by the Board.