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Lynn Township financial summary: $1.62 million reported across funds
Summary
The board reviewed account balances showing $1,620,507.95 across township funds (General Fund $59,742.68; CDs $1,093,749.54; Veterans $47,587.78; other funds listed) and detailed income/expense line items for February.
The Lynn Township meeting record lists account balances across funds totaling $1,620,507.95 as of Feb. 28, 2025.
Key balances reported in the minutes include: General Fund $59,742.68; Capital Reserve $5,580.98; Certificates of Deposit $1,093,749.54; COVID fund $20,935.35; Zoning/Subdivision $108,469.28; Veterans $47,587.78; HLLW COG $93,915.38; State Road $63,828.83; Equipment $27,399.96; Street Light $1,755.29; Park $38,929.34; Recreation $58,613.54. The meeting materials include line‑by‑line income and expense entries for multiple funds and months showing combined income and expense totals.
The minutes show combined income (all accounts) of $203,337.42 and combined expenses of $62,878.82 for a net income (all accounts) of $140,458.60 for the period reflected in the materials.
What happens next: Financial figures were entered into the minutes and will be retained in the township financial records; no budget transfers or new appropriations were recorded in the meeting minutes.
