CASCADE TOWNSHIP RECEIVES HIGH CREDIT RATING

 Cascade Township’s credit rating was confirmed by Standard & Poors to be AA+ /stable in a recent review of the township’s finances.  S&P’s report stated that “The Township’s financial performance remains very strong, due in part to strong levy support and conservative budgeting.”  S&P reviews the township’s financial status every two years.

Cascade Township has reported positive financial operations in the last four fiscal years and continues to provide full service to its residents through sound financial management practices and review by staff and the Township Board.  We have an excellent finance team that works hard to insure our residents receive maximum return on their tax dollars.  Senior Accountant Mildred Pinder, Deputy Treasurer Oxana Sourine and Account Clerk Debbie Amos examine every detail of each transaction to be sure that our funds are being managed properly.  The Township’s Finance Committee, comprised of Trustees Jim Koessel (Chair), Treasurer Ken Pierce and Trustee Goldberg monitor the Township’s financial practices closely to verify their continued excellence.

S&P reported that the stable outlook of the township’s finances reflects their anticipation that the township will maintain its very secure fund balance due to a strong employment   and strong tax base in Cascade.  The fund balance provides a cushion against any unexpected budgetary challenges in the future.  The Township has have been through four ‘down’ years and managed to add to our reserves each year.  We are in great financial condition!

 The complete S&P report can be found on the township’s website:  www.cascadetwp.com