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Financial Summary Report for Sterling Township's Year Ended December 31, 2025

Submitted by Anonymous (not verified) on

Sterling Township has released condensed financial statements for the year ending December 31, 2025. The report shows total assets of $603,456, total liabilities of $117,931, and total fund balances of $485,525. There was a net decrease of $73,447 due to total expenditures exceeding total revenues. The fund balance at the beginning of the year was $558,972, decreasing to $485,525 by year-end. The audited financial statements are available for public inspection at the Township's office during regular business hours. This financial report is crucial for residents to understand how the Township managed its finances in the specified period and to ensure transparency in financial operations. — Original public notice (excerpt): STERLING TOWNSHIP CONDENSED FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2025 TOTAL ASSETS $ 603,456 TOTAL LIABILITIES $ 117,931 TOTAL FUND BALANCES 485,525 $ 603,456 TOTAL REVENUES $ 951,967 TOTAL EXPENDITURES 1,025,414 NET INCREASE (73,447) FUND BALANCES, BEGINNING 558,972 FUND BALANCES, ENDING $ 485,525 The audited financial statements of the Township are available for inspection at the Township's office during normal business hours.… [Source]