Total income for the period of April 2024 through January 2025 is $254,835.86, well below the budgeted amount of $535,919.00. Major sources include taxes and state shared revenue, with tax revenues at $49,055.76 versus a budget of $80,600.00, indicating a significant shortfall. Total expenses were $219,014.26, underscoring an essential reevaluation of financial strategies.
The financial report for the Township of Kasson reveals significant discrepancies between budgeted amounts and actual figures from April to July 2024. Total income reported is $86,896.59 against a budgeted $535,919.00, resulting in a shortfall of $449,022.41. Major contributing factors include underperformance in tax revenues and deferred revenues, emphasizing a need for reassessment.
The monthly financial report for April 2024 reveals significant deviations between the budgeted and actual figures of the Township of Kasson. Total income for the month was $6,404.74 against a budgeted figure of $535,919.00, resulting in a shortfall of $529,514.26. This trend is primarily attributed to underperformance in various revenue accounts, particularly in taxes.
The financial performance of the Township of Kasson from April through December 2023 reveals a significant variance between budgeted and actual figures. The total income for the period was $177,447.43, which is only 33.2% of the budgeted $534,870.00, resulting in a shortfall of $357,422.57. Key revenue streams fell short, particularly taxes and state shared revenue.
