Township reserves are more than enough

Thomson Township passed its 2023 audit with flying colors, with one major suggestion - the township should probably have less money in its reserve fund.

Auditors from Abdo, an accounting and consulting firm based in Edina, Minnesota, told township supervisors the general recommendation is to keep a minimum of 35- to 50 percent of the operating budget in the general fund reserves, to cover any unexpected costs or payment delays.

"You guys are well above that. You have almost 200 percent of your operating costs this year within your reserves," said CPA Bonnie Schwieger. "You'd essentially be abl...