Finance presenter reports $933,000 net income for nine months; sales tax outperforms budget

A finance presenter reported the township's fiscal results for the nine‑month period. "We have total assets of $4,297,000," the presenter said, and reported revenue of $3,594,000 against expenses of $2,660,000, yielding a net income of $933,000 for the period. The presenter noted that when one‑time items such as Deco brands receipts and infrastructure funding are backed out, the comparison to the prior year shows a variance driven largely by sales tax performance and other extraordinary items.

The presenter said sales tax is running at 127% of budget and listed vendor and maintenance payments: a quarterly road‑maintenance contract with Cuba Township totaling $123,090, a culvert and road repairs line of $40,348, and traffic sign maintenance paid via the Lake County Treasurer of $1,526 at Kelsey River Road. The water and sewer fund was reported at approximately $1,653,000 with expenses tracking close to budget. The presenter also noted higher-than-expected costs in computer consulting, engineering services and a feasibility study that was budgeted at $20,000 but came in at $36,000.

On warrants, the presenter identified a Zylo Auto Solutions charge of $26,763.79 to replace a pump at the KOBU Lift Station (budgeted at $30,000) and an upcoming semiannual open‑space bond interest payment due April 15 of $50,007.86. Board members did not press further questions in the transcript provided.