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7/30/2019 Montgomery Twp 2013 Budget Presentation
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Proposed PreliminaryBudget for 2013
2013 Proposed Budget
7/30/2019 Montgomery Twp 2013 Budget Presentation
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2013 Proposed Budget2
BUDGET POLICY
Balance expenditures with current year revenues.
Fund Balance PolicyMaintain a minimum of 10%- 20% in reserve.
General Fund Balance projected as of
12/31/2012$3.43M29.98%. Transfer surplus Fund Balance to Capital Reserve
Fund for potential operating deficits and FutureProjects.
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GENERAL FUND BALANCES
2006-2013
$2,140,251$2,365,719 $2,391,280 $2,354,756 $2,477,231
$2,783,971
$3,430,000 $3,436,160
$3,000,000
$2,000,000$1,700,000
$393,000
$1,200,000
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
$5,000,000
$5,500,000
2006 Actual 2007 Actual 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 Projected 2013 Budget
Transferred to Capital Reserve
General Fund Balance
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2013 Proposed Budget4
REVENUE COMPARISON
2012-2013 General Fund
2012 Budget 2013 Budget Percent Change
Tax $ 9,279,700 $ 9,548,400 2.90%Revenues
Non-Tax 1,826,175 1,891,700 3.59%Revenues
Interfund 375,810 432,220 15.01%Transfers
Total Revenues $ 11,481,685 $ 11,872,320 3.40%
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2013 Proposed Budget
Grants4% Other6% Transfer Taxes
6%
Permits10%
R E Taxes13%
Earned IncomeTax33%
Business Taxes28%
Grants Other Transfer Taxes Permits
R E Taxes Earned Income Tax Business Taxes
REVENUE COMPONENTS
GENERAL FUND - 2013
TOTALS: $11,872,320
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2013 Proposed Budget6
GENERAL FUND REVENUES
Real-estate Tax Rate Reduced from 1.61 Mills in
2003 to 1.49 mills in 2006 remaining through
2012. Same rate proposed for 2013.
Homestead Exclusion implemented in 2003 and
increased to $30,000 in 2009Over 75% of Residential Property Owners Participate
$308,000 in Annual Tax Relief
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2013 Proposed Budget7
GENERAL FUND REVENUES
Real Estate Tax Revenues Increase of1.84%. New construction is expected to offsetthe impact of pending tax appeals.
Earned Income Tax Budgeted with a 3.55%increase from 2012 based on actuals from first9 months of the current year and expected 4thquarter receipts. Same allocations as 2012 of$250K to Fire Protection and $100K to Parkand Recreation Fund are included.
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2013 Proposed Budget8
GENERAL FUND REVENUES
Real Estate Transfer TaxBudgeted flat from 2012based on 2012 actual collections.
Business Taxes - Overall revenues increased 3.21% as aresult of strong 2012 receipts and collection efforts.
Permit FeesIncreased 7.01% based on strong 2011 and
2012 receipts and on Directors estimate of fees for
projected construction activity in the Township for
2013.
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2013 Proposed Budget9
EXPENSE COMPARISON
2012-2013 General Fund
2012 Budget 2013 Budget Percent Change
Personnel $ 8,880,562 $ 9,241,720 4.07%Expenditures* Includes pension MMOs
Non-Personnel 2,203,795 2,192,220 (0.52%)Expenditures
Interfund 375,810 432,220 15.01%
Transfers
Total Expenditures $ 11,460,397 $ 11,866,160 3.71%
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EXPENSE COMPONENTSGENERAL FUND 2013
Public Works16%
Administration10%
Building/Zoning
7%
Pension
7%
Finance
9%
Police51%
Public Works Administration Building/Zoning
Pension Finance Police
11 TOTAL: $11,866,160
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2013 Proposed Budget11
GENERAL FUND EXPENDITURES
Salaries/Wages Non-Uniformed Employees increase to be determined by
Board of Supervisors.
Uniformed Police budgeted with 2.5% increase per terms
of current collective bargaining agreement. Budgeted
with total officers of 36.
Entry level full-time IT Associate budgeted in the
Finance Department.
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2013 Proposed Budget12
GENERAL FUND EXPENDITURES
Medical and Rx Premiums Budgeted for anoverall decrease of 1.91%. The premiumincrease for 2013 is 6% which is offset by a .5%
increase in the multi-trust discount and a 58%increase in the rate-stabilization fund for theTownship.
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2013 Proposed Budget13
GENERAL FUND EXPENDITURES
The largest individual departmental budget increase is inthe Police Department operations budget (01410) due topersonnel costs per the terms of the Collective
Bargaining Agreement, workers compensation premiumincreases and replacement of carpet in the administrativeareas of the department.
The Finance Department increase is comprised of two
main components: a proposed new IT Associate andcapital replacement items specifically softwarereplacement.
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2013 Proposed Budget
Transfers to Capital Reserves
Not in 2013 BudgetTo Be Determined
14 Year Road Replacement Plan @ $676,000/year
10 Year Equipment Replacement Plan @
$386,000/year
Roof Replacement @ $22,500/year
HVAC Equipment Replacement @ $15,000/year
Total of $1.1M
14
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2013 Proposed Budget15
GENERAL FUND EXPENDITURES
Pension Minimum Payments
Increase in Police Pension Contribution to$626,750Up 31.5% from 2012.
Increase in NonUniform Pension
Contribution - $213,370Up $4,670 from
2012.
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General Fund Summary
Total Revenues - $11,872,320
Total Expenses - $11,866,160
Net Surplus Projected $6,160
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2013 Proposed Budget17
Capital Expenditures
Replacement Equipment - $928,470
New Capital Equipment/Projects - $927,625
Curb/Sidewalk/Road Program - $1,612,165Traffic Improvement Engineering -$27,500
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2013 Proposed Budget
OTHEROPERATINGFUNDS
Fire Services Fund (04)
Total Revenues - $1,328,400
Total Expenses - $1,337,736
Total Deficit($9,336)
Parks and Recreation Fund (05)
Total Revenues - $797,857
Total Expenses - $795,055
Total Surplus - $2,802
18
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OTHER OPERATING FUNDS
Expenditures for Basin Maintenance
Fund (06) and Street Light Fund (07)
both balanced utilizing current yearrevenues and/or dedicated reserves.
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