Summary
This document is a Revenue and Expenditure Report for Leelanau Township covering the period through 07/31/2025 for fiscal year 2025-26. It is a financial statement rather than meeting minutes, showing budgeted amounts, year-to-date activity, and remaining balances across the township's general fund and other funds (fire/EMS, roads, cemetery, and special assessment accounts). No discussion, public comments, or board votes are recorded in this document.
Financial Summary
Total Revenues - All Funds: Amended Budget $3,037,766.00; YTD collected $155,525.77 (5.12% of budget); Available Balance $2,882,240.23.
Total Expenditures - All Funds: Amended Budget $4,283,756.78; YTD spent $1,253,678.24 (29.27% of budget); Available Balance $3,030,078.54.
Net of Revenues & Expenditures: Budgeted net figure of ($1,245,990.78); YTD net of ($1,098,152.47).
Major property tax lines had not yet been collected as of this reporting date, including Current Property Taxes of $570,000.00 (Fund 101), $1,733,216.00 (Fund 206), $200,000.00 (Fund 213), and $35,000.00 (Fund 271), all showing $0.00 YTD activity.
Notable budget variances include Fire Department Equipment (206-336-977.000), budgeted at $60,000.00 but with YTD expenditures of $351,138.98, reflecting 585.23% of budget used. The Zoning/Planning Pension Plan Contribution (101-701-718.000) was budgeted at $5,150.00 but had YTD spending of $12,465.53 (242.05% used).
Several capital outlay budget lines under Fund 213 had no YTD spending recorded, including Capital Outlay - Hall ($40,000.00 budgeted), Capital Improvement for Cemetery ($225,000.00), Capital Outlay Braman Hill ($18,000.00), Capital Outlay - Airport ($100,000.00), Capital Outlay - Christmas Cove ($30,000.00), and Capital Outlay - Roads ($400,000.00).
Fire/EMS fund (206) EMT Salary was budgeted at $900,000.00 with YTD spending of $199,990.28 (22.22% used). Overtime Pay in the same fund was budgeted at $100,000.00 with YTD spending of $68,053.88 (68.05% used).