2/13/2024 - Leelanau Township Board | Draft Budget Review for Fiscal Year 2024-25

Summary

The meeting addressed the budget for Leelanau Township, focusing on estimated revenues and appropriations across various funds. The budget reflects adjustments for the fiscal years 2023-2024 and 2024-2025, showing anticipated revenue decline in some areas and a need for careful fiscal management to address expected shortfalls. Approval was sought for recommended changes to appropriations, particularly in crucial community service sectors.

Financial Summary

- **Total Estimated Revenues - All Funds:** $3,445,639.00 - **Total Appropriations - All Funds:** $3,478,489.00 - **Net of Revenues & Appropriations:** $(32,850.00) - **Appropriations for General Fund:** $1,012,263.00 - **Total Estimated Revenues for General Fund:** $951,013.00

Several line items showed varying levels of financial activity; for example:

• Emergency Services Fund: Estimated revenue of $2,004,300.00 and total appropriations of $2,009,900.00, leading to a net of $(5,600.00).
• Sewer SAD Fund: Estimated revenues increased to $186,696.00 with appropriations of $155,696.00, revealing a net positive balance.

Action Items

- Continued monitoring of revenue collections from property taxes and grants. - A detailed review of expenditure patterns is necessary for the emergency services and general fund categories to ensure alignment with community needs. - A follow-up on the approval of municipal appropriations for parks and recreational services was noted to ensure these areas are adequately funded in future budgets.