JACKSON TOWNSHIP AUDIT REPORT - 2009 EXECUTIVE SUMMARY

AI Summary

Jackson Township's 2009 audit, completed March 23, 2010, expressed a "clean" opinion on the financial statements with no problems identified, unusual transactions, or disagreements with management. The township reported total 2009 revenue of $2,347,468 and total expenses of $2,617,502, resulting in a deficit of $270,034. Cash balances as of December 31, 2009 totaled $1,207,194, comprised of the General Fund ($72,807), Capital Projects ($994,773), Highway Fund ($103,587), Senior Activity Center ($33,459), and Other ($2,568). Revenue sources included transfers in ($875,842, 37%), taxes ($560,909, 24%), state funds ($441,960, 19%), landfill revenue ($303,737, 13%), and other sources totaling less than 10%. Major expense categories were transfers out ($875,842, 33%), streets ($451,110, 17%), public safety ($407,144, 16%), general government ($262,571, 10%), and recreation ($259,030, 10%).