1. Putnam Township Audit Presentation June 30, 2013 PHP PFEFFER, HANNIFORD & PALKA Certified Public Accountants BRIGHTON, MICHIGAN

2. Putnam Township General Fund Revenues and Transfers In Prior to GASB 54 For The Year Ended June 30, 2013 Putnam Township General Fund Revenues and Transfers In Prior to GASB 54 For The Year Ended June 30, 2013 Taxes $ 267,439 State Shared Revenue $ 428,228 Charges For Services $ 103,030 Cable TV Franchise Fee $ 69,974 Other $ 40,994 Total Revenues $1,022,900 Operating Transfers In $ 400,714 Total Transfers In $400,714 Gravel Pit $ 11,153 Grant - Trails $102,082

3. Putnam Township General Fund Expenditures and Transfers Out Prior to GASB 54 For The Year Ended June 30, 2013 Putnam Township General Fund Expenditures and Transfers Out Prior to GASB 54 For The Year Ended June 30, 2013 Total Expenditures = $ 1,226,926 Total Transfers Out = $ 76,867

4. Putnam Township General Fund - Fund Balance Prior to GASB 54 June 30, 1996 – 2013 Putnam Township General Fund - Fund Balance Prior to GASB 54 June 30, 1996 – 2013

5. Putnam Township General Fund - Fund Balance After Implementation of GASB 54 (Includes Sewer, Twp Hall & Recreation Funds) June 30, 2012 & 2013 Putnam Township General Fund - Fund Balance After Implementation of GASB 54 (Includes Sewer, Twp Hall & Recreation Funds) June 30, 2012 & 2013 Significant decrease in fund balance due to the extinguishment of the sewer bond obligations by the General Fund (loan between General and Sewer Fund is $743,513 as of June 30, 2013). As assessments are collected over the next several years, the fund balance will increase.

6. Putnam Township General Fund State Shared Revenues and Property Tax Revenue Comparison For the Years Ended June 30, 2004 - 2013 Putnam Township General Fund State Shared Revenues and Property Tax Revenue Comparison For the Years Ended June 30, 2004 - 2013

7. Putnam Township Fire Operating Fund Property Tax Revenue and Millage Rates For the Years Ended June 30, 2004 – June 30, 2013 Putnam Township Fire Operating Fund Property Tax Revenue and Millage Rates For the Years Ended June 30, 2004 – June 30, 2013 1.1923 1.1975 1.2135 1.1923