TECUMSEH — The Tecumseh TEAM board has approved its most recent financial report and investment plan, reinforcing the organization’s strong financial position and commitment to local partnerships.
Board members reviewed detailed expenses from recent community events, including spring festivals, advertising costs, and operational expenses. Despite running a budget deficit for the most recent period, the board confirmed that the overall financial health of the organization remains sound due to a healthy fund balance.
During the meeting, the board approved two new financial investments. One is a $30,000 certificate of deposit with a one-year term, and the other is a planned $25,000 certificate with a six-month term. These investments were intentionally placed with local financial institutions that have provided sponsorship and support for community events.
Board members said the shorter six-month investment was chosen to keep funds accessible in case additional resources are needed for upcoming events.
The financial strategy supports long-term sustainability while ensuring flexibility to meet the needs of large-scale events, such as the annual Appleumpkin Festival.
In addition to investment approvals, the board discussed the need to continue careful budgeting for event-related expenses and highlighted the importance of working with local sponsors and partners who contribute to the success of Tecumseh’s community programming.
The financial decisions were approved by vote.
Board members said the organization is positioned to continue funding key community activities throughout the year while maintaining a conservative, locally-focused investment approach.