According to the preliminary 2011/12 Macomb Township budget, the township is expected to spend some $10 million more in expenditures than it will earn in revenue next year.
This difference will result in an estimated $11,716,346 budget shortfall for the township.
The township board of trustees reviewed the preliminary budget during its regular meeting on June 8. A public hearing was also held during the meeting to allow township residents the opportunity to ask questions and voice their opinions on the budget. No residents took part in the hearing.
According to the preliminary budget, the total expected revenue for the township is $39,413,158, with $51,129,504 in expenditures.
For the general fund, which represents $8,741,893 of the township's revenue and $11,088,784 of its expenditures, property taxes and fees will account for $1,811,400 in revenue, while state-shared revenues and grants will draw $3.3 million, and license and permit fees almost $2 million.
However, the general fund will also cover some $5 million in general government costs, almost $2 million in employee benefits and insurance, and more than $1 million in public safety and public works. These expenditures will total more than $10 million.
Budget BreakdownFund Name Revenues Expenditures Surplus/Shortfall General Fund $8,741,893 $11,088,784 $-2,346,891 Fire Operations Fund $2,742,600 $3,565,559 $-822,959 Parks & Recreation Fund $3,802,000 $4,867,928 $-1,065,928 P&R Revolving Fund $3,100 $0 $3,100 Law Enforcement Fund $3,263,800 $3,163,775 100,025 Fire Improvement Fund $204,000 $1,594,500 $-1,390,500 Municipal Street Fund $26,500 $620,500 $-594,000 Building Authority Construction Fund $400 $381,000 $-380,600 Fire Pension Fund $330,00 $171,200 $158,800 Retiree Health Care Fund $957,390 $5,600 $951,790 Water & Sewer Fund $19,341,475 $25,670,658 $-6,329,183
In addition to reviewing the preliminary budget, the board also voted to maintain the 2010 millage rates for 2011.
The rates are as follows:
- General Operating Mil 0.6757
- Fire Operating SAD 1.0588
- Fire Pension Mil 0.0747
- Police Mil 1.0601
- Parks/Rec Mil 0.8232
- Total: 3.6925
This should result in more than $10 million in revenue for the township.