Gv~RetpiMC~e Tow~ BUDGET PROJECTION REPORT

Transcription

1 Gv~RetpiMC~e Tow~ BUDGET PROJECTION REPORT Property tax revenue is expected to increase by 2.3% for 2015 and the projection for 2016 is an additional increase of 1.3%. State revenue sharing will also slightly increase due to an additional statutory allocation. Expenditures are expected to increase proportionately to revenue increases primarily for additional labor expense. Funding will continue to be allocated to the endowment funds for 2015 and in 2016 we anticipate the start of the development of Crahen Valley Park. Which is illustrated in the Township's 5 year Capital Improvement Plan. 0 E u D The Township has established 5 endowment funds to address the long term maintenance of Township facilities. Over the next 5 to 10 years, General Fund dollars will be allocated to provide an adequate fund balance for the maintenance repair or replacement of the following Township assets; recreational trails, landscaping along the East Beltline median, Township parks, Courthouse plaza and Township buildings and grounds. Interest income for the endowment funds will remain at the rate of.5% for 2015 and IMPROVEMENT REVOLVING FUND The Township maintains this fund primarily for the purpose to finance water/ sewer extension projects. Revenues are generated by interest income and assessments. Expenditures are at the request of property owners who require the expanded service. BUILDING FUND The Building Fund revenues are generated by permit fees and are expected to remain stable for 2015 and 2016 as Grand Rapids Township continues to see steady growth. LAKES MANAGEMENT SPECIAL AsSESSMENT FUND The revenues are generated by 5 Special Assessment Districts and the expenses are determined by those districts with consultation with the Township. STREET LIGHTING SPECIAL AsSESSMENT FUND Revenues continue to exceed expenditures within the Special Assessment District due to the upgrade of the fixtures by Consumers Energy, the provider of the street light service. A review of that annual assessment fee will be completed in 2015 for a possible decrease in the assessment for the 2016 budget year. 10/28/2014 klh

2 10/14/ Long-Term Bud_get Forecast Fund 101 GENERAL EJJND GL NUMBER DESCRIPTION PUBLIC SAFETY TAXES TOWNSHIP TAXES DELINQUENT TAXES TRAILER FEES SUMMER TAX ADMINISTRATION COMCAST GLOBAL TOWER SBC RIGHT OF WAY INSPECTION FEES FIRE INSPECTION SERVICES FEDERAL GRANT STATE - SALES TAX ELECTION REIMBURSEMENT PLANNING/ZONING MEETING FEES METRO ACT FEES TOWNSHIP CEMETERY FEES SERVICES RENDERED DOG LICENSE FEES WOODCLIFF PARK ASSOCIATION INTEREST ON INVESTMENTS SHELTER RENTAL FIELD RENTAL INTEREST ON DELINQUENT TAXES PENALTY ON DELINQUENT TAXES MISCELLANEOUS INCOME TRANSFER IN 717, ,225 1, , , , , , 348 1, 212,472 33,043 14,175 8, ,000 9,550 5,700 5,470 1' 610 5, 114 9,571 15, , , , ,434 49,662 81, 319 (1) 1, 248, ,400 8 ' , 000 8, 357 5, 720 7, 751 2, 463 7' , , , ,770 1, , ,000 58,000 80, ,000 1,280, 000 8,000 8, , ,000 5, 000 3, 500 4,500 10, , , , ,000 60,000 85,000 1, 250, ,500 8, , 000 7,400 6,000 6, 000 1,800 5,000 2, , , , , , , 024 1,295,000 35,000 12,500 8, , ' 400 6,000 6, 000 5, 000 2, 800 TOTAL Revenues 3,061,149 3,093,924 3,231,220 3,049, 363 3, 147, TOWNSHIP BOARD WAGES TOWNSHIP BOARD SOC SEC/MEDICARE TOWNSHIP BOARD EXPENSES/TRAINING SUPERVISOR WAGES SUPERVISOR SOC SEC/MEDICARE SUPERVISOR PENSION SUPERVISOR EXPENSES/TRAINING CLERK WAGES CLERK SOC SEC/MEDICARE CLERK'S OFFICE ASSISTANT WAGES CLERK DEPT PENSION CLERK EXPENSES/TRAINING CONTRACTUAL BOARD OF REVIEW WAGES BOARD OF REVIEW SOC SEC/MEDICARE BOARD OF REVIEW EXPENSES/TRAINING TREASURER WAGES TREASURER SOC SEC/MEDICARE DEPUTY TREASURER TREASURER PENSION PROPERTY TAX ADMINISTRATION TREASURER EXPENSES/TRAINING ASSESSOR WAGES ASSESSOR SOC SEC/MEDICARE TEMP WAGES ASSESSOR ASSISTANT WAGES DEPUTY ASSESSOR ASSESSOR PENSION ASSESSOR EXPENSES/TRAINING 20,228 1,530 57, ' 029 7, 800 1, ,910 2,500 3, , 600 1, ,238 6, , 991 6, 118 6, , 277 5, ,567 (288) 6,105 2, ,996 1,750 58, ' 129 8,018 1, , 360 3, ,461 5, 497 2' 683 2,400 1, ,762 4, , 693 8,172 10, 003 1' ' 611 4, 058 6,521 1, , 920 1, ,380 5,240 8, ,110 4, , ' 480 2,500 2, , 200 5, ,780 9,420 7, 000 1, ,050 4,370 6,850 1,500 24,440 1,870 61,061 4,588 7, 327 1,400 28,600 3, ,112 3, 432 2,500 2, ,080 5, , 540 8, , 000 1,500 61,750 6, ,020 9,812 2,000 24,937 1,900 62, 200 4, 670 7, 589 1, ,200 4,506 22,150 3,800 3,500 2, ,320 5,780 61, 840 9, ' 000 1, ' 960 6,430 21, ' , 600

3 10/14/ : 53 PM Long- Term Budget Forecast Fund 101 GENERAL FUND GL NUMBER DESCRIPTION CONTRACTUAL 57, , , , GENERAL OFFICE WAGES 32, , , ,500 19, GENERAL OFFICE SOC SEC/MEDICARE 2, ' 143 1, 224 1,415 1, GENERAL OFFICE TEMP HSA DEDUCTIBLE EXPENSE 2, 412 5, 025 5, 200 5,226 5, HEALTH INSURANCE 26,961 35, , , , GENERAL OFFI CE PENSION 1, MISCELLANEOUS MEDICAL EXPENSE 5,796 11, 742 9, , , LIFE INSURANCE 980 1, 335 1, 100 1, 133 1, UNEMPLOYMENT PAYMENTS RECOGNIT I ON AWARDS ACCIDENTAL DEATH/DISMEMBERMENT HEALTH INSURANCE ( 4 ' 993) (7 ' 030) (7 ' 700) (9, 515) (9, 515) OFFICE SUPPLIES 10, 260 6, ,000 12, , POSTAGE 12,172 12, , , , WORKERS COMP/LIABILITY INSURANCE 20, , ,000 2,500 2, AUDIT FEES 13, , , ,000 14, BANK FEES 5, 165 5, 402 6, 000 6, 000 6, MEMBERSHIP FEES 21, , , , , LEGAL FEES 77, , , , , TELEPHONE 7, 960 6, 603 8, 000 8, 000 8, OFFICE EXPENSES/TRAINI LEGAL NOTICE PUBLICATIONS 2, 584 1, 094 1, 500 1, 500 1, NEWSLETTER OFFICE EQUIPMENT MAINTENANCE 3,209 4, 745 4,500 5,500 5, RECORD STORAGE 2, 336 3, 044 3,000 2,800 2, OFFICE MISCELLANEOUS EXPENSES 3, 879 3, 520 4,000 4, 000 4, CA PITAL OUTLAY 19, ,000 15, , COMPUTER SUPPORT 21, , , , , TAXES ABATED/WR I TTEN OFF 6, 685 7, 897 1,200 1, 000 1, ELECTION BOARD WAGES 41, 008 7, ,000 7, , ELECTION BOARD SOC SEC/MEDICARE TWP PENSION ELECTION EXPENSES 27, 598 5, , 000 4, , ELECTION CONTRACTUAL 1, , 500 1, 000 2, CAPITAL OUTLAY CONSUMERS ENERGY 13, , , , , DTE 5 ' 674 5, 536 8, 000 8, 500 8, MAINTENANCE SUPPLIES 2, 670 2, 125 2, 500 3, 000 3, BUILDING UPKEEP 37, , , , , BLDG MISCELLANEOUS EXPENSES 1, 188 4, 653 1, 000 1,500 2, CONTRACTUAL 35, , , , , EB MEDIAN EXPENSE 3, 500 3, CAPITAL OUTLAY 23, , , , , BURIAL EXPENSES EAST PRECINCT - CONTRACTUAL 363, , , , , AMBULANCE MEDICAL SUPPLIES 2,783 2, 420 5, 000 5, 000 5, CONTRACTUAL 127, , , , , FIRE DEPARTMENT WAGES 284, , , , , FIRE DEPARTMENT SOC SEC/MEDICARE 30, , , , , FIRE DEPARTMENT FULL TIME OT 6, 946 9, ' 100 8, 200 8, FIRE DEPARTMENT POC WAGES 117, ' , , , FIRE DEPARTMENT POC OT 2, ' 430 2, 700 2, 800 3, HSA DEDUCTIBLE EXPENSE 7, 236 7, ' 600 7, 840 7, HEALTH INSURANCE 52, , ,000 78, , FD PENSION 28, , , , , FD MISCELLANEOUS MEDICAL EXPENSE 7, 319 7, , ,900 16, FD LIFE INSURANCE 1, 121 1, 225 1, 200 1,240 1, FD RECOGNITION AWARDS

4 10/14/ : 53 PM Long- Term Budget Forecast Fund 101 GENERAL FOND - GL NUMBER DESCRIPTION FD SICKNESS/ACCIDENT INSURANCE 3,044 3, 044 2,800 3,600 3, ACCIDENTAL DEATH/DISMEMBERMENT HEALTH INSURANCE (10,264) (12, 381) (14, 400) (15, 680) (15,680) FD OFFICE SUPPLIES 1, 797 2,782 3, 100 3, 350 3, FIRE DEPT GAS FOR VEHICLES 17' , , , , WORKERS COMP INSURANCE 18, , FIRE DEPT PHYSICALS/PRE EMPLOY 8,799 3, 776 7, 000 9, 200 9, FIRE DEPT VEHICLE REPAIRS 12,682 17,449 17,000 18,000 18, FIRE DEPT EQUIPMENT REPAIRS 3,307 2,470 4,500 4,500 4, FIRE DEPT MEDICAL SUPPLIES ,000 2,000 2, FIRE DEPT EDUCATION 5,756 4' 957 8, 000 8,000 8, TELEPHONE 1, 109 1, 579 1, 500 1, 500 1, FIRE DEPT R & M SUPPLIES ,500 1,500 1, FD EXPENSES/TRAINI FIRE DEPT SEWER AND WATER 2,557 2,070 2,200 2,200 2, ELECTRIC - STATION 2 1,414 1,732 1,500 1,550 1, DTE - STATION 2 1,394 1,349 2,500 2,900 2, ELECTRIC - STATION 3 2,234 1,850 2,300 2, 300 2, DTE - STATION 3 1,441 1,496 2,000 3,300 3, FIRE DEPT RADIO R & M 3, 000 3, 000 3, FIRE DEPT UNIFORMS 15,144 10,142 32, ,000 32, FD MISC SUPPLIES 3,579 3, 314 2,000 2, 000 2, FIRE DEPARTMENT DRY CLEANING 1,142 1, 210 1, 200 1, 200 1, CONTRACTUAL FD PUBLIC RELATIONS , 000 1, 000 1, CAPITAL OUTLAY 43,827 43, , , , CONTRACTUAL 148, CONTRACTUAL DRAIN CONSTRUCTION 5,948 6, 183 2,500 6,000 6, NPDES 4,884 2,442 5,000 5,000 5, ROAD CONSTRUCTION 348, , , , , ENGINEERING SERVICES 3, 870 9,755 1,800 4,500 4, PATHWAYS 96, , , , COURTHOUSE AT KNAPPS CORNER , 000 1, STREET LIGHTS 3, 587 4' 175 4,000 3, 800 4, PLANNING BOARD WAGES 8, ,180 12,000 12,000 12, PLANNER SOC SEC/MEDICARE 627 2,410 4,150 4' 644 4, PLANNER WAGES , , ,706 50, HSA DEDUCTIBLE EXPENSE HEALTH INSURANCE PLANNER PENSION 13 1, 080 2' 160 1, 497 1, MISCELLANEOUS MEDICAL EXPENSE LIFE INSURANCE APPRECIATION DINNER ACCIDENTAL DEATH/DISMEMBERMENT INSURANCE PLANNER EXPENSES/TRAINING , CONTRACT PLANNER 20, REGIS/GIS 44, , ,000 34,000 34, RIGHT PLACE PROGRAM 4, 000 4, 000 5,000 5,000 5, REC COMMITTEE WAGE 3,000 1, 200 2,400 2,000 2, REC COMMITTEE SOC SEC/MEDICARE CAPITAL OUTLAY 24, KNAPP STREET 2,514 2, 574 2,800 2,800 2, TOWNSHIP SIGNS 5,000 12, LEONARD STREET NE 2,014 1,766 1,900 1,800 1, CRAHEN VALLEY PARK 39,565 3,099 75, , , LAND ACQUISITION 7' TRANSFER OUT 380, ,000 25, ,000

5 10/14/ : 53 PM Long- Term Budget Forecast Fund 101 GENERAL E'UND GL NUMBER DESCRIPTION TOTAL Expenditures 2, 984, 635 2, 890, 904 3, 225, 304 3, 047, 352 3,147, 643 NET OF REVENUES/APPROPRIATIONS 54, , 025 5, 693 2, BEGINNING FUND BALANCE 1, 561,019 1, 615, 438 1,818,463 1,824,156 1, 826,167 ENDING FUND BALANCE 1, 615,438 1, 818, 463 1,824, 156 1, 826,1 67 1,826,479 FUND BAL. AS % BDGT

6 10/16/ Long-Term Bu~get Forecast Fund 110 RECREATIONAL TRAILS GL NUMBER DESCRIPTION INTEREST ON INVESTMENTS TRANSFER IN 3, , 000 5, 000 TOTAL Revenues 103, 000 5, BANK FEES TOTAL Expenditures NET OF REVENUES/APPROPRIATIONS BEGINNING FUND BALANCE ENDING FUND BALANCE FUND BAL. AS % BDGT 103, , , , , 000 2,

7 10/16/ Long- Term Budget Forecast Fund 115 PARKS GL NUMBER DESCRIPTION INTEREST ON INVESTMENTS TRANSFER IN 1, , 000 TOTAL Revenues 51, BANK FEES TOTAL Expenditures NET OF REVENUES/APPROPRIATIONS BEGINNING FUND BALANCE END I NG FUND BALANCE FUND BAL. AS % BDGT 51,500 51, , , 300 2,

8 10/16/ Long- Term Fund 120 GL NUMBER DESCRIPTION INTEREST ON INVESTMENTS TRANSFER IN 1, 000 1,000 TOTAL Revenues 1, 000 1, BANK FEES TOTAL Expenditures NET OF REVENUES/APPROPRIATIONS BEGINNING FUND BALANCE ENDING FUND BALANCE FUND BAL. AS % BDGT 1,000 1, , 000 1, 000 2,

9 10/17/ Long- Term.,Budget_ Forecast Fund BDlLD.Ij:jG _AND.-.GROlJN-DS GL NUMBER DESCRIPTION INTEREST ON INVESTMENTS TRANSFER IN 1,500 50,000 1,800 TOTAL Revenues 51, BANK FEES TOTAL Expenditures NET OF REVENUES/APPROPRIATIONS BEGINNING FUND BALANCE ENDING FUND BALANCE FUND BAL. AS % BDGT 51, , , , 300 2,

10 10/16/ Long- Term Budget Forecast Fund 211 COURTHOUSE AT GL NUMBER DESCRIPTION CKC GRAND RAPIDS TOWNSHIP 10, CKC KENT COUNTY INTEREST ON INVESTMENTS TOTAL Revenues , CKC CONTRACTUAL SERVICES CKC EXPENSES TOTAL Expenditures NET OF REVENUES/APPROPRIATIONS , BEGINNING FUND BALANCE 180, , , , ,533 ENDING FUND BALANCE 181, , , , ,033 FUND BAL. AS % BDGT 48, , , , ,

11 10/16/ Long- Term Budget Forecast Fund 246 IMPROVEMENT REVOLVING FUND GL NUMBER DESCRIPTION INTEREST ON INVESTMENTS PENALTY ON SPECIAL ASSESSMENTS MISCELLANEOUS INCOME INTEREST SPECIAL ASSESSMENTS COURTHOUSE PROPERTY TRANSFER IN ASSESSMENTS ASSESSMENTS ASSESSMENTS ASSESSMENTS ASSESSMENTS ASSESSMENTS ASSESSMENTS 12, ,000 10, , , , , 000 TOTAL Revenues 374, , , ,000 16, BANK FEES MISCELLANEOUS EXPENSES CAPITAL IMPROVEMENTS CAPITAL OUTLAY MAQUIRE WATERMAIN LEGAL FEES REGIS/GIS CAPITAL OUTLAY DTE PROPERTY KNAPP COURT PROPERTY 1848 EAST BELTLINE NE TRANSFER OUT 61,433 36, 000 ( 9 ' 636) TOTAL Expenditures 97, 433 ( 9, 636) NET OF REVENUES/APPROPRIATIONS BEGINN I NG FUND BALANCE ENDING FUND BALANCE FUND BAL. AS % BDGT 276,794 2, 292, 651 2, 569, , 700 2, 569, 445 2, 615, 145 7, , 000 2, 615, 145 2, 631, , , 000 2, 631,145 2, 647, , , 000 2,647, 145 2, 663, ,

12 10/16/ Long-Term Budget Forecast Fund 249 BUILDING FOND GL NUMBER DESCRIPTION INSPECTION FEES 234, , , , ,000 TOTAL Revenues 234, , , , , GENERAL ADM WAGES 14,391 12,663 14,000 14,000 14, SOC SEC/MEDICAR 1, 101 1, LEGAL FEES 29, CONTRACTUAL 187, , , , , PLANNER WAGE 9,000 9, 000 9, PENSION OUTSIDE CONTRACTUAL 8' 640 9, TRANSFER OUT TOTAL Expenditures 211, , , , ,205 NET OF REVENUES/APPROPRIATIONS 22, ,251 10,795 10,795 10,795 BEGINNING FUND BALANCE 87, , , , , 060 ENDING FUND BALANCE 110, , , , ,855 FUND BAL. AS % BDGT

13 10/16/ Long- Term Bud~ et Forecast Fund ('LAKE. MAtlAGEMENT GL NUMBER DESCRIPTION INTEREST ON INVESTMENTS MISCELLANEOUS INCOME TRANSFER IN ASSESSMENTS 5 ' 364 4,550 4,550 4, ASSESSMENTS 2,210 2, 210 2, 430 2, 430 2, ASSESSMENTS 3, 000 3, 000 3, 000 3, 000 3, ASSESSMENTS 2, 530 2, 530 2, 530 2, 530 2, ASSESSMENTS 5, 005 5,005 5, 005 5, 005 5,005 TOTAL Revenues 18, , , , , REEDS LAKE EXPENSES 4,863 4 ' 111 4, 550 4, 550 4, DEAN LAKE EXPENSES 2, 389 2, 430 2,430 2, ECHO LAKE EXPENSES 7,575 2,580 3, 000 3,000 3, HIDDEN LAKE EXPENSES 2,203 2, 135 2, 350 2,350 2, PERCH LAKE EXPENSES 7, 400 6, 660 5, 005 5, 005 5, TRANSFER OUT TOTAL Expenditures 22, ,875 17, , ' 335 NET OF REVENUES/APPROPRIATIONS ( 3 ' 878) ( 5, 093) BEGINNING FUND BALANCE 18, ,944 9,850 10, , 250 ENDING FUND BALANCE 14, 944 9, , , ,450 FUND BAL. AS % BDGT

14 10/16/ Long-Term Budget Forecast Fund 219 STREET LIGHTS GL NUMBER DESCRIPTION TOWNSHIP TAXES 116, , , , , YEARLY REVENUE 4,871 3, 525 4, 750 4,750 4, INTEREST ON INVESTMENTS TRANSFER IN TOTAL Revenues 121, , , , , STREET LIGHTS 101, , , ' , ST LTS MISCELLANEOUS EXPENSES TRANSFER OUT 15, 000 TOTAL Expenditures 116,745 92, ' , ,000 NET OF REVENUES/APPROPRIATIONS 4,525 28,142 11,870 11,870 11, 870 BEGINNING FUND BALANCE 428 4,953 33,096 44,966 56, 836 ENDING FUND BALANCE 4,953 33, ,966 56,836 68, 706 FUND BAL. AS % BDGT