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Supervisor Helman says township likely needs $760,000 carryover; proposes equipment fund
Summary
Vice Chairman Mike Helman told the board the township likely must carry over about $160,000 for the General Fund and $600,000 for the Road & Bridge Fund and proposed creating an equipment fund to avoid borrowing for new machinery.
Vice Chairman Mike Helman provided an update on the township budget and projected year-end carryover needs, saying the township will likely need to carry over approximately $160,000 for the General Fund and $600,000 for the Road & Bridge Fund. Helman proposed establishing a dedicated equipment fund so the township would not need to take out loans to purchase new equipment, and he said the board would receive updated budget reports each month.
The board did not adopt a formal budget at the meeting; Helman framed the proposal as a planning step and asked that staff provide monthly updates so the board can refine carryover estimates and a possible funding schedule for equipment purchases.
