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Board flags $160,000–$600,000 carryover and proposes equipment fund to avoid loans
Summary
Vice Chairman Mike Helman told the board the township will likely need to carry over about $160,000 for the General Fund and $600,000 for the Road & Bridge Fund; he proposed starting an equipment fund to avoid borrowing for future capital purchases.
Vice Chairman Mike Helman provided the board with an updated budget outlook, saying the township will probably need to carry over roughly $160,000 in the General Fund and $600,000 in the Road & Bridge Fund at year-end. He proposed creating an equipment fund so future machinery needs would not require loans, and said the board will receive updated budgets monthly.
"He thinks we will need to carry over at the end of the year $160,000 for the General Fund and $600,000 for the Road & Bridge Fund," the minutes record Helman saying. The board did not adopt a final budget at the meeting; members agreed to schedule a budget work session toward the end of September to develop next year's budget.
