Budget Public Hearing

Village of Breedsville 82 E Main St. PO Box 152 Breedsville, MI 49027 (269) 427-9029 Budget Public Hearing Agenda Tuesday, March 11, 2025 - 6:00 PM These proceeding tonight are being recorded to help prepare the minutes, after minutes are prepared this recording will be no longer available after approval of the village council. Michigan Open Meetings Act MCL 15.262(1). Page 1. CALL TO ORDER: 2. PLEDGE OF ALLEGIANCE: 3. ROLL CALL: 4. AGENDA 4.1 Agenda presented for approval 5. OPEN PUBLIC HEARING 5.1 Open Public Hearing Motion to Open Public Hearing @ 6:45 pm Motion to Close Public Hearing @ ______pm 5.2 Budget 2025-2026 Fiscal Year 3 - 11 Village of Breedsville Budget 2025-2026 6. PUBLIC COMMENTS: 7. BOARD COMMENTS: 7.1 Trustee C. Leon Trustee T. Weniger Trustee P. Cooley Trustee L. Weniger President S. Rogusta 8. CLOSE PUBLIC HEARING 8.1 Close Public Hearing Motion to Close Public Hearing for the Budget Fiscal Year 2025-2026 @ ______pm 9. ADJOURNMENT 9.1 Adjournment Page 1 of 11 Motion to Adjourn Public Hearing @ _______pm 10 min recession Page 2 of 11 Village of Breedsville BUDGET 2025 -2026 Village Board 2025 - 2026 Steven Rogusta | President | Larry Weniger, Trustee – Pro Temp. Paul Cooley, Trustee | Tim Weniger, Trustee | Cesar Leon, Trustee Page 3 of 11  Index: • Estimated Revenue Summary 2025 – 2026 • Budget Summaries • Revenue Summary • Budget Details PAGE 1 Page 4 of 11  Estimated Revenue Summary ✓ Local Property Tax: Summer Village Taxes Millage Taxable Value Millage Gross Tax Operating 3,878,821 5.79990 24,095.73 Tax Levied 23,857.85 Tax Amount Levied: 23,857.85 ✓ Revenue sharing is the distribution of revenue, the total amount of income generated by the sale of goods and services Unrestricted Funds Revenue Sharing Estimate 2025 - 2026 Population – 202 October 2025-Aug 2026 Estimated Distribution Total $26,876.00 Oct 2024 – Aug 2025 Estimated Distribution Total $ $26,706.00 ✓ MTF is Gas and Registration Tax payments Restricted Funds MDOT – MTF Road Funds 2025-2026 Population – 202 Estimated Distribution 2024 Total $58,904.70 Estimated Distribution 2025 Total $61,381.18 Estimated Distribution 2026 Total $62,299.47 ✓ Recreational Marijuana Payments Based on Marijuana Revenues Collected in the fiscal Year 2024 Released March 2025 Unrestricted Funds Amount Available per Marijuana Retail Store/Microbusiness Estimated Distribution based in 2021 Total $28,001.32 Estimated Distribution based in 2022 Total $56,453.44 Estimated Distribution based in 2023 Total $59,086.35 Estimated Distribution based in 2024 Total $58,228.66 ✓ Medical & Recreational Marijuana Permit Funds Restricted Funds Pursuant to Section 6.4. of the Michigan Regulation and Taxation of Marihuana Act: “A municipality may charge an annual fee of not more than $5,000 to defray application, administrative, and enforcement costs associated with the operation of the marihuana establishment in the municipality.” Estimated Funds based on 6 permits issued Total $ 30,000.00 PAGE 2 Page 5 of 11  BUDGET SUMMARY General Fund Estimated Revenue 2025 -2026 Current Property Taxes $ 23,688.25 Delinquent Property Taxes $ 5,185.97 MMJ Permit $ 30,000.00 FIOA $ 500.00 Marijuana Taxes $ 58,228.66 Revenue Sharing $ 26,213.00 Liquor Control $0 State Shared Metro $ 1,500.00 Checking Interest $ 50.00 Savings Interest $ 5.00 Total $ 145,370.88 Estimated Expenses 2025 – 2026 Village Operations $ 43,070.00 Elections $ 150.00 Clerk/Treasurer $ 12,400.00 Village Hall $ 4,122.00 Public Works $ 5,000.00 Recreational/ Parks $ 230.00 SIB Loan Pymt $13,853.83 Total $ 64,972. PAGE 3 Page 6 of 11  BUDGET SUMMARY Major & Local Road Fund Estimated Revenue 2025 - 2026 Act 51 $ 36,397.77 Interest Checking $ 80.00 Other Funds $ 2,000.00 Total $ 38,477.77 Major Roads Estimated Expenses 2025 -2026 Construction Routine $0 Winter Maintenance $6,000.00 Road Signs $1,000.00 CRX Maintenance $2,000.00 Non-Motorized Improvements $500.00 Streetlights LED Lights $2,000.00 Traffic Light $150.00 Routine Maintenance $5,000.00 Miscellaneous Charges $10.00 Tree Trim/Removal $1,500.00 Bridge Loan Payment $13,853.83 Totals $ 32,013.83 Local Roads Estimated Revenue 2025 - 2026 Act 51 $24,265.18 Interest Checking $50.00 Total $24,315.18 Estimated Expenses 2025 – 2026 Assessment Drain $4,830.30 Winter Maintenance $2,000.00 Misc. $100.00 Tree Trim/Removal $3,000.00 Road Signs $1,000.00 Routine Maintenance $4,000.00 Total $ 14,930.30 PAGE 4 Page 7 of 11  BUDGET DETAILS GENERAL BUDGET 2025-2026 Estimated Revenue 2025-2026 403 Current Property Taxes $ 23,688.25 413 Delinquent Property Taxes $ 5,185.97 477 FIOA $500.00 480 MMJ Permit $ 30,000.00 550 Marijuana Taxes $ 58,228.66 574 Revenue Sharing $ 26,213.00 575 Liquor Control $0 578 State Shared Metro $ 1,500.00 665 Checking Interest $ 50.00 666 Savings Interest $ 5.00 Total Revenue $ 145,370.88 Estimated Expenses 2025-2026 Village operations 702 Salaries $ 6,000.00 715 Social Security $ 1,837.00 716 Medicare $ 400.00 803 Accountant $ 6,000.00 804 Attorney $ 10,000.00 805 Building Inspector $ 0.00 806 Mechanical Inspector $ 0.00 807 Blight Inspector $ 3,000.00 808 Zoning Administrator $ 2,600.00 860 Education Training $1,500.00 880 Community Promotion $500.00 900 Printing & Publishing $ 2,000.00 910 Insurance - Bond $ 3,500.00 911 MML Dues $ 500.00 955 Miscellaneous $ 200.00 970 Capital Outlay $ 3,500.00 Total $ 41,537.00 Estimated Elections 2025- 2026 723 Supplies $150.00 Total $150.00 PAGE 5 Page 8 of 11  BUDGET DETAILS GENERAL BUDGET 2025-2026 215.00 Estimated Clerk 2025-2026 480 Admin. Fees for Marihuana $4,000.00 702 Salary $3,500.00 726 Supplies $900.00 860 Education Training $500.00 965 Computer Software $6,000.00 970 Capital Outlay $1,000.00 Total $15,900.00 270.00 Estimated Village Hall 2025-2026 443 New Building Fund 775 Building Supplies $200.00 776 Cleaning Supplies $50.00 818 Contractional Services $0.00 921 Utilities $2,100.00 935 Equipment Maintenance $200.00 936 Security System $3,000.00 950 Phone and Internet $1,500.00 970 Capital Outlay $1,000.00 975 Building Maintenance $5,000.00 Total $ 13,050.00 441.00 Estimated Public Works 2025-2026 921 Streetlights $4,000.00 930 Maintenance $500.00 970 Capital Outlay $8,000.00 974 Tree Trim/Removal $1,500.00 Total $14,000.00 751.930 Estimated Recreational/ Parks 2025-2026 408 Park Construction Fund $500.00 930 Maintenance $500.00 931 Mowing $200.00 964 Park Project 5-7 year $2,500.00 970 Capital Outlay $1,500.00 974 Tree Trim/Removal $1,500.00 Totals $ 6,700.00 Total Revenue $ 145,270.88 Total Expenses $ 91,337.00 Difference $ 53,933.88 Fund Balance Committed $ 30,000.00 Fund Balance Unrestricted $ 115,370.88 Fund Balance Savings $ 36,526.42 Fund Balance $74,752.08 PAGE 6 Page 9 of 11  Summary BUDGET DETAILS Major Roads Budget Estimated Revenue 2025 - 2026 574 ACT 51 $36,397.77 655 Checking Interest $80.00 Total $36,477.77 Budget Estimated Expenses 2025 - 2026 801 Construction Routine $0 802 Winter Maintenance $6,000.00 803 Road Signs $1,000.00 804 CRX Maintenance $2,000.00 870 Non-Motorized Improvements $500.00 921 Streetlights LED Lights $2,000.00 922 Traffic Light $150.00 944 Routine Maintenance $7,000.00 960 Miscellaneous Charges $10.00 974 Tree Trim/Removal $1,500.00 Total $ 20,160.00 Summary Total Revenue $ 36,477.77 Total Expenses $ 20,160.00 Difference $ 16,317.77 Fund Balance $ 17,480.82 PAGE 7 Page 10 of 11  BUDGET DETAILS Local Roads Budget Estimated Revenue 2025 -2026 574 ACT 51 $24,265.18 655 Checking Interest $50.00 Total $24,315.18 Budget Estimated Expenses 2025 - 2026 445 Assessment Co. Drain $4,830.30 802 Winter Maintenance $2,000.00 803 Road Signs $1500.00 944 Routine Maintenance $1000.00 960 Miscellaneous $100.00 974 Tree Trim/ Removal $3,000.00 Total $12,430.30 Summary Total Revenue $24,315.18 Total Expenses $ 12,430.30 Difference $11,884.88 Fund Balance $ 60,229.59 PAGE 8 Page 11 of 11