Source and Use of Funds
The following financial information covers the period from 2012 through 2018: Over $505,000 has been raised from more than 500 individual donors, corporations, and foundations to match dollars for government grants. An additional $164,000 has come from the proceeds of our annual events. The first section of the Trail was constructed in Saugatuck Township in 2016-17. It was funded using a $355,000 grant from the federal Congestion Mitigation and Air Quality Improvement Program (CMAQ).
Revenue:
Contributions $475,926
Event Proceeds $164,408
Misc. Income $29,971
Total Revenue $670,305
Expenses:
Fund Raising $14,864
Administrative $24,308
Applications & Study $32,793
Trail Development $497,257
Total Expenses $569,222
Funds for Future Segments $101,083
Revenue:
Contributions $475,926
Event Proceeds $164,408
Misc. Income $29,971
Total Revenue $670,305
Expenses:
Fund Raising $14,864
Administrative $24,308
Applications & Study $32,793
Trail Development $497,257
Total Expenses $569,222
Funds for Future Segments $101,083
