11/5/2025 - Suttons Bay Village | Committee Discussions on ePacket

Summary

The meeting focused on the proposal for the 2025 amended budget and the 2026 proposed budget, including detailed discussions on revenues and expenditures across various departments. Key decisions included adjustments to taxes, funding for operational costs, and a clear outline of anticipated revenues and expenditures for the coming year.

Public Comments

No public comments were recorded during the meeting.

Financial Summary

The financial overview for the General Fund indicated: - **Total General Fund Revenues**: - 2023: $1,037,741 - 2024: $1,097,644 - 2025 Adopting: $1,085,175 - 2025 Amended: $1,130,475 - 2026 Proposed: $4,125,960

• Total General Fund Expenditures for 2026 were proposed at $1,231,940.
• Major funding sources included Current Property Taxes with adjustments to the Downtown Development Authority revenues and expenditures reflecting changes in taxable values.

Expenditures showed considerable variation among departments, with key increases in administrative costs for various roles like the Village Clerk and Village Treasurer appearing in the proposed budgets.

Action Items

Several tasks were assigned related to budget finalization: - Review and respond to the proposed budget allocations, especially concerning public services. - Ensure comprehensive assessment of expenditures for departments that experience consistent financial conflicts or those related to community services. - Determine timelines for final decisions on the proposed budgets to allow for timely adjustments before the fiscal year begins.