Finances

Blue Lake Township fiscal year ends June 30, and the year in which the fiscal year ends defines how they are reported. For example fiscal year 2025, started July 1, 2024 and ends June 30, 2025. Below are the fund balances as of June 30, 2024. Current fund balance can be found on the right side under Monthly Fund Status

We have five (5) Government funds.

General Fund. The general fund is used for normal governmental activities such as, paying employees, running elections, zoning activities, office supplies, and other activities. The general fund increased its fund balance in fiscal year 2024 by $51,483, bringing the balance to $235,495.

Improvement Fund. The improvement revolving fund is used for general improvements within the Township as well as for unplanned emergency situations. Oil and gas royalties and lease of land for the Cellular communications tower (located on Township property behind the Fire Barn) generates the majority of revenues for this fund. The fund balance of the township improvement fund at the end of fiscal year 2024 was $301,044. This was an increase of $41,209 from the previous fiscal year-end.

Fire Fund. The fire and rescue fund is used to operate, maintain and equip the fire and rescue department. The fund balance of the fire fund at the end of fiscal year 2024 was $397,844. This was an increase of $55,996 from the previous fiscal year-end. The reason for the increase is increased tax revenues.

Trash Pickup Fund. The trash pickup fund is used to pay a contractor to remove residential waste from the Township. The fund balance of the trash pickup fund at the most recent fiscal year-end was $83,367. This was an increase of $2,224 from the previous fiscal year-end. This is a result of increased tax revenues.

Highway Improvement Fund. The highway improvement fund is used to construct, pave and repave roads within the township. The fund balance of the highway improvement fund at the most recent fiscal year-end was $513,267. This was an increase of $19,710 from the previous fiscal year-end. The increase is a result of decreased public works expenditures from road resurfacing and a transfer from the general fund. This fund will increase and decrease depending on the amount of work done in a specific year, and generally the plan will save for larger projects to be done in future years, while doing smaller projects in the interim.