Township Board Reviews 2018 Audit Report

Township Board Reviews 2018 Audit Report

MERIDIAN TOWNSHIP - At their June 4th Board Meeting, the Meridian Township Board were presented with results from the 2018 Audit Report containing financial information and internal-controlled related matters from Yeo & Yeo.

The report began with a pie chart, divided into six different categories, of the Township's General Fund Revenues and Transfers totaling to roughly $21.7 million. Property taxes was the most at roughly $12.6 million (58%).

In the past five years from 2014 to 2018, General Fund Revenues and Transfers have gradually increased.

In terms of Expenditures, the Township spent $20.7 million, public safety being the most at $12.8 million (62%). However, in the previous year, public safety was 56%; and Expenditures are trending upward the past five years.

The report also highlighted three kinds of fund-balances: Unassigned, Assigned and non-spendable and the Township's water fund, which included the total revenues exceeding total expenses in the last three years (2016-2018).

The Audit also included a report of the Township's two pension plans, Michigan Employees Retirement System of Michigan and other Post-employment benefits.

Township Manager Frank Walsh went over parts of the report dealing with the Meridian Township Retirement Pension plan.

Additional Resources
READ ARTICLE

New Big Lots Opens in Meridian Township

7/18/2019

MERIDIAN TOWNSHIP - Meridian Township's newest addition is now open. B... [More]

READ ARTICLE

Meridian Township Board Approves Site Plan For Village Of Okemos

7/11/2019

MERIDIAN TOWNSHIP - On July 9th, the Meridian Township Board unanimous... [More]

READ ARTICLE

Dinosaurs Are Extinct... Or Are They?

6/30/2019

MERIDIAN TOWNSHIP - Dinosaurs and other prehistoric animals have been ... [More]

Meridian Weather