Amy Doeun
Linwood Reporter
Jason Miller of accounting firm Smith Schafer & Associates presented the results of the 2016 audit for Linwood Township during the Town Board’s Aug. 22 meeting.broadstreet.zone(48036);
With the exception of some extra expenditures for the Town Hall reconstruction, most of the numbers were similar to the 2015 audit. Property taxes made up about 80 percent of township revenues. Miller praised the township for a “very healthy fund balance. That is good to have — reserves.” The benefits of having reserves include a better bond rate.
“The town has very reasonable debt balance,” Miller told the board. “This is another feather in the township’s cap. Another sign of a healthy town — low debt and reserves.” The balance for the general fund is $507,645 which is 121 percent of 2016 expenditures.
Town Board Chairman Michael Halliday told Miller, “It is always good to know that the numbers work out right.”
Fire Chief Darryl
Skip to content
News and other stories about real people, places, and events in Forest Lake and nearby suburbs.