2010-2011 BUDGET

Tuesday, June 15, 2010, 7:00 p.m.:  The Township Board of Trustees adopted the 2010-2011 Budget. 

View the entire adopted 2010-2011 Budget (1.46 MB)

Tuesday, June 1, 2010, 4:30 p.m.: The Township Board of Trustees will hold a Public Hearing on the proposed 2010-2011 Budget and the required Trust-In-Taxation public meeting.

  View the entire proposed 2010-2011 Budget (5 MB)

Friday, May 21, 2010: The Township Board of Trustees held its 2010-2011 Budget Workshop meeting at 10:00 a.m. The meeting lasted approximately 3-1/2 hours. On Tuesday, June 1, 2010 at 4:30 p.m., the Board will hold a Public Hearing on the 2010-2011 Budget and also the required Truth-In-Taxation public meeting.

2009-2010 BUDGET

  View the entire adopted 2009-2010 Budget (8 MB).

Tuesday, June 16, 2009: The Hamburg Township Board of Trustees adopted the proposed 2009-2010 Budget at its regular 7:00 p.m. meeting.

Monday, June 15, 2009:  Proposed Draft Budget Updated.  Click here to view.

Tuesday, May 19, 2009:    I presented the attached budget for the 2009/2010 fiscal year to the Township Board of Trustees and the Hamburg Township residents in draft form for consideration at the Hamburg Township Board of Trustess meeting at held at 7:00 p.m. on Tuesday, May 19, 2009.

Projected 6-30-2009 Fund Balance

On March 4, 2009, our 2008/2009 budget through June 30, 2009 had a $133,000.00 deficit.

This deficit did not account for the $69,033.00 reduction in State Revenue Sharing which we were notified of on May 5, 2009.

Had we failed to react and implement real cost saving measures, we would have faced a fiscal year end deficit of $202,000.00.

As illustrated in the attached projection, that deficit is currently $36,071.32; thereby reducting the deficit for the 2008/2009 fiscal year by $166,000.00. I will do all I can to reduce this deficit in the 42 days remaining in this fiscal year.

Five Year Projection

I include the five year projection developed by Angie Rabb, Accountant, and Susan Murray, Assessor, for your consideration as you review budget projects and data for the 2009/2010 fiscal year.

You will notice in the projected budgets reflecting the possible approval of a millage of .25 mills for Parks, Seniors and the Lakeland Trail, and 1.5 mills for Police that there are year end surpluses in these proposed budgets.

Please consider that Hamburg Township, the South East Michigan Council of Government (SEMCOG) and the State of Michigan forecast that Taxable Values will decrease between 9% and 12% in the fiscal year 2010/2011 and 5% to 8% in the fiscal year 2011/2012. These projections, combined with the 4% decrease in fiscal year 2009/2010 result in more than a 20% reduction in Taxable Value in three years. Any surplus will be short-lived.