Summary
The November 5, 2025 Suttons Bay Village committee session addressed the 2025 Amended Budget Proposal and the 2026 Proposed Budget, covering the General Fund, the Downtown Development Authority (DDA), and the Property Replacement Fund. No narrative discussion, public comments, or votes are recorded in the document; it consists solely of budget line-item detail submitted for committee review.
Financial Summary
General Fund: Total revenues are projected at $1,125,960 for 2026, down slightly from the $1,130,475 amended 2025 figure, with Current Property Taxes holding at $876,000. Total General Fund expenditures are proposed at $1,231,940 for 2026 (up from $1,132,554 amended in 2025), producing a projected deficit of $(105,980) for 2026 versus $(2,079) in amended 2025. The Beginning Fund Balance for 2026 is $935,526, with an Ending Fund Balance of $829,546. Transfers out remain steady at $390,100, including $90,000 to the Major Street Fund, $80,000 to the Local Street Fund, and $220,100 to the Property Replacement Fund (an $80,000 increase earmarked for future infrastructure/equipment replacement). Notable departmental changes include Village Manager contractual services rising to $14,000 for a Granicus contract/website rebuild, Village Hall insurance premiums increasing to $13,000, and Planning & Zoning's Zoning Ordinance Review/Reformat budgeted at $10,000, moved to 2026.
Downtown Development Authority: Total revenue is proposed at $104,200 for 2026, funded primarily by $100,700 in captured property taxes. Total expenditures are proposed at $188,660, driven by a $150,000 Capital Outlay line covering a new restrooms project with Abonmarche (a combined $204,000 across 2025/2026) and Banner Arms ($1,000). This produces a projected deficit of $(84,460) for 2026, reducing the Ending Fund Balance from $186,067 to $101,607.
Property Replacement Fund: Total revenue is proposed at $235,100 for 2026, including a $220,100 transfer from the General Fund. Capital expenditures drop sharply to $1,000 in 2026 after $344,500 in 2025 amended spending, which included a Deere 1575 Terrain Cut mower ($46,195), a Vactor Pump Repair ($22,340), a Plow Truck ($250,000), and other equipment. The fund's Ending Balance is projected to grow to $784,729. A note indicates the Village will consider a new phone system, Village Hall generator, and DPW security gate in 2026.