December 19, 2025date of the auditor's report on the 2023 statements
Each year a Township's outside auditor checks its financial statements and signs a report saying whether they are fair. The auditor's reports on the Township's statements are dated December 19, 2025 for the year ended December 31, 2023, May 1, 2026 for 2024 and August 14, 2026 for 2025. The gap between year end and the signed report was therefore, by our count, about 24 months, about 16 months and about 7.5 months (worked out by us), so it is shrinking. The same firm, Baker Tilly KDN LLP, signed all three with a clean opinion. We did not find the Township's own explanation on the pages we could read.
$808,543unfunded Campground capital project at the end of 2025, up from $244,551
An "unfunded capital project" is building work that was paid for out of the Township's other money and is meant to be paid back later. The statements list the Campground at $808,543 at the end of 2025, up from $244,551 a year earlier and nothing at the end of 2023. It is the largest of the Township's unfunded projects, which total $1,034,670. The Township's 2026 budget explains that it will begin running the campground itself after a notice in 2025 from ORCA ended the operating agreement, and that campground revenues will cover its operating costs, repayment for the 2025 capital project and a reserve contribution. The campground's operating budget for 2026 is $272,765 against $20,295 spent in 2025.
$785,767investment income in 2025, against a budget of $1,081,074
Investments (a high-interest savings account and government bonds) rose to $19,671,417 at the end of 2025 from $19,041,369. Investment income was $785,767 against a budget of $1,081,074, which is $295,307 short (worked out by us), and below the $1,154,399 earned in 2024. The statements do not explain the gap. Some interest is credited straight to development charge and other funds, instead of showing as income in the year, and we found no explanation of what rate the budget assumed.
$4,869,900owed for closing landfills and gravel pits and removing asbestos, with no money set aside
A new accounting rule makes the Township record a debt for cleanup work it is legally bound to do. The statements record $4,869,900 at the end of 2025 (landfills $3,453,100, asbestos removal $274,900, gravel pits and other $1,141,900), up from $4,729,800. The statements list it as "unfunded", meaning no money is set aside against it. The landfill reserve is $190,788, which is $125,991 a year earlier and $58,435 the year before that. The Township's reserves overall total $24,078,996.