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.”

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

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

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