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Finance officer: October numbers healthy, budget shows paper deficit but variances may yield surplus
Summary
The township finance officer reported revenues at roughly 101% of budgeted intake through October and said on‑paper projections showed an almost $3 million deficit for the proposed 2026 budget, but applying historical variances makes a year‑end surplus more likely; a detailed year‑end analysis will follow.
Miss Elliott presented the township’s October financial report and a preliminary look at the proposed 2026 budget.
She said the township is roughly 83% through the fiscal year and revenue collections were at about 101% of budgeted intake. Year‑to‑date expenditures were reported at about 62% of budget; when a public‑works anomaly is excluded expenditures rise to about 78%, a level consistent with last year, she said.
On the draft 2026 budget, she cautioned that “on paper, it looks as if we are going to be in an almost $3,000,000 deficit,” but that applying the same historical variances used in prior years makes a material swing likely. She told trustees the result is likely to be more positive than the raw budget math suggests and that she will present a deeper year‑end analysis and the November numbers at the next meeting.
Trustees responded that the multi‑year trend columns in the packet will help long‑range planning and noted that any need to amend the certificate would be discussed if the township nears its spending limits.
