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Grosse Ile Bridge posts monthly surplus; commissioners briefed on April 2026 bond payment and accounting treatment
Summary
Finance staff reported roughly $354,000 in monthly revenue and $125,000 in expenses, leaving net operating cash for the bridge. Commissioners were briefed on a $1.1 million bond payment due April 1, 2026, and discussed how capital engineering costs are shown in operating statements.
Township finance staff reported that the toll bridge operation had about $354,000 in revenue and $125,000 in expenses for the month, producing roughly $228,000 in excess revenue.
The report, presented by Teresa McLaughlin, said the township is accumulating cash between its bank accounts and Michigan-class investments to ensure it can meet obligations, including a bond payment due April 1, 2026, that McLaughlin said is “just over $1,100,000.” She said that the first payment is larger because of the interest that accrued from the bond sale in February 2025 until the first payment date. Subsequent principal payments, she said, will be due…
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