Center Township Financial Statement

Combined Funds

December 31, 2007

Assets

Cash and Investments

$3,134,563

Accounts Receivable

24,357

Other Assets

88,706

General Fixed Assets - at insured values

2,085,662

Total

$5,333,288

Liabilities

Accounts Payable

$     59,273

Other Current Liabilities

88,697

Total Liabilities

$   147,970

Fund and Account Group Equity

Investment in General Fixed Assets

2,085,662

Fund Balances:

General

855,955

Special Revenue

97,007

Capital Projects

1,849,407

Pension

267,286

Total Fund and Equity Group

5,185,317

Total Liabilities and Fund Group Equity

5,333,287

The assessed valuation of the Township is $58,992,999

Millage:

General

1.0 mills

Fire Protection

1.5 mills

Total

2.5 mills

Net Debt at December 31, 2007:

None

Concise Statement of Revenues Received and Expenditures Paid

Combined Funds Year Ended December 31, 2007

Beginning Fund Balance, January 1, 2007

$5,092,026

Revenues and other financial sources:

Taxes

1,192,172

Licenses and Permits

5,891

Fines and Forfeits

28,540

Interest, Rents and Royalties

144,443

Intergovernmental Revenues

489,732