1 / 7

Putnam Township

PFEFFER, HANNIFORD & PALKA Certified Public Accountants. PHP. BRIGHTON, MICHIGAN. Putnam Township. Audit Presentation June 30, 2013. Putnam Township General Fund Revenues and Transfers In Prior to GASB 54 For The Year Ended June 30, 2013. Charges For Services $ 103,030.

lethia
Download Presentation

Putnam Township

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PFEFFER, HANNIFORD & PALKA Certified Public Accountants PHP BRIGHTON, MICHIGAN Putnam Township Audit Presentation June 30, 2013

  2. Putnam Township General Fund Revenues and Transfers In Prior to GASB 54 For The Year Ended June 30, 2013 Charges For Services $ 103,030 Grant - Trails $102,082 Operating Transfers In $ 400,714 Gravel Pit $ 11,153 State Shared Revenue $ 428,228 Cable TV Franchise Fee $ 69,974 Other $ 40,994 Taxes $ 267,439 Total Revenues $1,022,900 Total Transfers In $400,714

  3. Putnam Township General Fund Expenditures and Transfers Out Prior to GASB 54 For The Year Ended June 30, 2013 Total Expenditures = $ 1,226,926 Total Transfers Out = $ 76,867

  4. Putnam Township General Fund - Fund Balance Prior to GASB 54 June 30, 1996 – 2013

  5. Putnam Township General Fund - Fund Balance After Implementation of GASB 54 (Includes Sewer, Twp Hall & Recreation Funds) June 30, 2012 & 2013 Significant decrease in fund balance due to the extinguishment of the sewer bond obligations by the General Fund (loan between General and Sewer Fund is $743,513 as of June 30, 2013). As assessments are collected over the next several years, the fund balance will increase.

  6. Putnam Township General Fund State Shared Revenues and Property Tax Revenue Comparison For the Years Ended June 30, 2004 - 2013

  7. Putnam Township Fire Operating Fund Property Tax Revenue and Millage Rates For the Years Ended June 30, 2004 – June 30, 2013 1.1923 1.1923 1.1923 1.1923 1.1923 1.1975 1.2135 1.1923 1.1923 1.2135

More Related