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Leelanau TownshipMonday, March 18, 2024

3/18/2024 - Leelanau Township Board | Special Meeting to Adopt Budget

Summary

The Leelanau Township budget report outlines estimated revenues and appropriations for various funds as of March 31, 2024. The overall financial outlook shows a net deficit of $228,021 due to appropriations exceeding estimated revenues. The general fund shows a beginning balance of $1,129,528.29 and an end balance of $1,109,757.29. The report includes detailed budget data across different funds including Emergency Services, Police Services, Facilities, and others.

Public comments

No public comments were recorded during this meeting or in this document.

Affordable housing initiatives

No discussions on affordable housing initiatives were documented in this report.

Parks and recreation matters

The Parks and Recreation section of the budget allocated a total of $144,138 for salaries, insurance, operating supplies, maintenance, and equipment. It includes salaries of $74,000 and contracts services of $6,000 among other expenses. The emphasis is on maintaining and operating parks facilities, with plans for any necessary maintenance accounted in the budget.

Infrastructure projects

Significant appropriations were documented under the Facilities Fund with a total of $453,000 earmarked for various capital outlays, including: - $5,000 for Peterson Park improvements - $3,000 for Braman Hill improvements - $100,000 for airport improvements - $245,000 designated for road improvements - $100,000 in reserve for future projects

This indicates a strong focus on enhancing township infrastructure in the upcoming fiscal year.

Other Business

Other agenda items were not reported or discussed in this document.

Financial Summary

The report provides a comprehensive financial summary including: - Total estimated revenues across all funds: $3,052,570.00 - Total appropriations across all funds: $3,280,591.00 - Net of revenues and appropriations results in a deficit of: $228,021.00 - Beginning fund balance for all funds: $4,914,480.07 - Ending fund balance for all funds: $4,686,459.07

Action Items

No specific action items or tasks were noted in this budget report.

Source Document

This summary was AI-generated from the official meeting record. The full source document is the authoritative version.

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