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TOWNSHIP OF GROSSE ILE Board Presentation For Fiscal Year Ended

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Presentation on theme: "TOWNSHIP OF GROSSE ILE Board Presentation For Fiscal Year Ended"— Presentation transcript:

1 TOWNSHIP OF GROSSE ILE Board Presentation For Fiscal Year Ended
TOWNSHIP OF GROSSE ILE Board Presentation For Fiscal Year Ended March 31, 2018

2 Township of Grosse Ile Independent Auditor’s Report   “In our opinion, the financial statements…present fairly, in all material respects, the financial position of the of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund and the aggregate remaining fund information of the Township of Grosse Ile, Michigan, as of March 31, 2018 and the respective changes in the financial position of cash flows, where applicable, thereof, for the year then ended in conformity with accounting principals generally accepted in the United States of America.”

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6 Township of Grosse Ile Fund Balances
March 31, 2017 March 31, 2018 Recreation $7,910 Historical Farm $74,684 Library $132,666 Bike Path $130,596 Drainage $1,112,413 Roads $(483,423) Open Space $846,037 Recreation $96,310 Historical Farm $51,104 Library $117,540 Bike Path $196,854 Drainage $1,114,572 Roads $224,474 Open Space $824,231

7 Township of Grosse Ile Fund Balances
March 31, 2017 March 31, 2018 Public Safety Building $86,508 Drug Law Enforcement $770,344 Fire Operating $860,371 Fire Equipment $1,075,305 Public Safety Building $93,066 Drug Law Enforcement $669,699 Fire Operating $762,620 Fire Equipment $1,098,104

8 Proprietary Fund Type Operating Revenue
Township of Grosse Ile Proprietary Fund Type Operating Revenue March 31, 2018 March 31, 2017 Change Department of Public Works Sale of water $ ,176,999 $ ,316,938 -4.2% Sewage disposal charges 1,770,305 1,797,904 -1.5% Refuse charges 713,656 753,822 -5.3% Airport and Commerce Park Airport revenues 288,421 283,363 1.8% Commerce Park revenues 338,851 341,352 -0.7% Fuel Farm sales 194,323 149,640 29.9% Water's Edge Country Club Golf 105,453 106,128 -0.6% Marina 109,029 110,746 -1.6% Pool 28,362 28,950 -2.0%

9 Township of Grosse Ile Long-term Debt Government Activities Public Safety Building $ Building Authority 1,480,000 Special Assessment Bonds 80,000 Compensated Absences 484,000 Notes Payable 57,364 Business-type Activities Tax Sewer System 13,993,163 Capital Improvement Bonds 12,474,325 Judgement Bond 4,505,000 - 39,106 Component Units Brownfield Authority Downtown Development Total $ 33,112,958 Amount due within one year: $ ,532,927 Princpal and Interest Net Pension Liability (Unfunded) GASB 68 and 71 $ 11,927,344 2017- $13,774,444 Unfunded Other Post Employment Benefits $ 25,138,681 2017- $17,186,369

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11 Township of Grosse Ile Tax Revenue –General Fund
March 31, 2018 $3,493,305 March 31, 2017 $3,423,917 March 31, 2016 $3,338,391 March 31, 2015 $3,268,684 March 31, 2014 $3,221,239 March 31, 2013 $3,239,228 March 31, $2,744,950

12 Township of Grosse Ile State-Shared Revenue
March 31, 2018 $891,937 March 31, 2017 $862,132 March 31, 2016 $818,752 March 31, 2015 $837,579 March 31, 2014 $803,770 March 31, 2013 $788,221 March 31, 2012 $759,780 March 31, 2011 $744,910

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15 General Fund Fund Balance
Township of Grosse Ile General Fund Fund Balance March 31 2018 2017 2016 2015 2014 Revenues Taxes $ 3,493,305 $ 3,423,917 $ 3,338,391 $ 3,268,684 $ 3,221,239 Other $ 2,202,399 $ 1,964,190 $ 1,953,606 $ 1,960,754 $ 1,971,936 Total Revenues $ 5,695,704 $ 5,388,107 $ 5,291,997 $ 5,229,438 $ 5,193,175 Expenditures Police $ 3,362,994 $ 3,322,186 $ 3,269,228 $ 3,280,638 $ 3,157,362 $ 2,308,408 $ 2,318,579 $ 2,287,065 $ 1,983,662 $ 2,009,564 Total Expenditures $ 5,671,402 $ 5,640,765 $ 5,556,293 $ 5,264,300 $ 5,166,926 Excess Revenue Over Expenditures for fiscal year $ ,302 $ (252,658) $ (264,296) $ (34,862) $ ,249 Fund Balance $ 2,405,322 $ 2,381,020 $ 2,633,678 $ 2,897,974 $ 2,932,836

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