The Bingham Township Board held its annual meeting June 24, setting salaries for township officers and approving the township budget for the next fiscal year, which runs from July 1, 2024, to June 30, 2025.
In the township’s 2024-2025 budget, the township’s total revenue is projected at $421,174 and their expenses without capital outlay are $345,784.25. Township Supervisor Midge Werner said that the board determined their 245 funds and reconciliation discrepancies add another $338,000 in expenses, for a total of $683,84.25 in expenses.
With the capital outlay to 245 funds added to the total expenses, the township is operating at a loss of $262,610.25. Last year, they had a loss of $219,046.67. In June 2023, Township Treasurer Sandra Grant commented that this deficit is not unusual for a township of Bingham’s size.
