Proposed Preliminary Budget for 2013

2013 Proposed Budget

BUDGET POLICY
Balance expenditures with current year revenues. Fund Balance Policy Maintain a minimum of 10% - 20% in reserve. General Fund Balance projected as of 12/31/2012 $3.43M 29.98%. Transfer surplus Fund Balance to Capital Reserve Fund for potential operating deficits and Future Projects.

2013 Proposed Budget

GENERAL FUND BALANCES 2006-2013

$5,500,000

Transferred to Capital Reserve

$5,000,000

General Fund Balance

$4,500,000

$4,000,000 $3,000,000 $3,500,000 $2,000,000 $1,700,000 $3,000,000 $393,000 $2,500,000 $1,200,000

$2,000,000
$3,430,000 $1,500,000 $2,140,251 $2,783,971 $3,436,160

$2,365,719

$2,391,280

$2,354,756

$2,477,231

$1,000,000

$500,000

$2006 Actual 2007 Actual 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 Projected 2013 Budget

2013 Proposed Budget

REVENUE COMPARISON 2012-2013 General Fund

2012 Budget Tax Revenues Non-Tax Revenues Interfund Transfers Total Revenues $ 9,279,700 2013 Budget $ 9,548,400 Percent Change 2.90%

1,826,175

1,891,700

3.59%

375,810

432,220

15.01%

$ 11,481,685

$ 11,872,320

3.40%

2013 Proposed Budget

REVENUE COMPONENTS GENERAL FUND - 2013

Business Taxes 28%

Grants 4%

Other 6%

Transfer Taxes 6% Permits 10%

Earned Income Tax 33% Grants

R E Taxes

R E Taxes 13%

Other
Earned Income Tax

Transfer Taxes
Business Taxes

Permits

TOTALS: $11,872,320

2013 Proposed Budget

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 2009
Over 75% of Residential Property Owners Participate $308,000 in Annual Tax Relief
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2013 Proposed Budget

GENERAL FUND REVENUES

Real Estate Tax Revenues Increase of 1.84%. New construction is expected to offset the impact of pending tax appeals. Earned Income Tax Budgeted with a 3.55% increase from 2012 based on actuals from first 9 months of the current year and expected 4th quarter receipts. Same allocations as 2012 of $250K to Fire Protection and $100K to Park and Recreation Fund are included.
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2013 Proposed Budget

GENERAL FUND REVENUES

Real Estate Transfer Tax Budgeted flat from 2012 based on 2012 actual collections.
Business Taxes - Overall revenues increased 3.21% as a result of strong 2012 receipts and collection efforts. Permit Fees Increased 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 Budget

EXPENSE COMPARISON 2012-2013 General Fund

2012 Budget Personnel Expenditures
* Includes pension MMOs

2013 Budget $ 9,241,720

Percent Change 4.07%

$ 8,880,562

Non-Personnel Expenditures
Interfund Transfers Total Expenditures

2,203,795

2,192,220

(0.52%)

375,810 $ 11,460,397

432,220 $ 11,866,160

15.01% 3.71%

2013 Proposed Budget

EXPENSE COMPONENTS GENERAL FUND 2013

Public Works 16% Administration 10%

Police 51%

Building/ Zoning 7% Pension 7%

Building/Zoning Police

Finance 9%
Public Works Pension
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Administration Finance

TOTAL: $ 11,866,160

2013 Proposed Budget

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 Budget

GENERAL FUND EXPENDITURES

Medical and Rx Premiums Budgeted for an

overall decrease of 1.91%. The premium increase 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 the Township.

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2013 Proposed Budget

GENERAL FUND EXPENDITURES

The largest individual departmental budget increase is in the Police Department operations budget (01410) due to personnel costs per the terms of the Collective Bargaining Agreement, workers compensation premium increases and replacement of carpet in the administrative areas of the department. The Finance Department increase is comprised of two main components: a proposed new IT Associate and capital replacement items specifically software replacement.
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2013 Proposed Budget

Transfers to Capital Reserves Not in 2013 Budget To 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
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2013 Proposed Budget

GENERAL FUND EXPENDITURES

Pension Minimum Payments Increase in Police Pension Contribution to $626,750 Up 31.5% from 2012. Increase in Non Uniform Pension Contribution - $213,370 Up $4,670 from 2012.

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2013 Proposed Budget

General Fund Summary

Total Revenues - $11,872,320 Total Expenses - $11,866,160 Net Surplus Projected $6,160

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2013 Proposed Budget

Capital Expenditures
Replacement Equipment - $928,470 New Capital Equipment/Projects - $927,625 Curb/Sidewalk/Road Program - $1,612,165 Traffic Improvement Engineering -$27,500

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2013 Proposed Budget

OTHER OPERATING FUNDS

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
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2013 Proposed Budget

OTHER OPERATING FUNDS Expenditures for Basin Maintenance Fund (06) and Street Light Fund (07) both balanced utilizing current year revenues and/or dedicated reserves.

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2013 Proposed Budget

THANK YOU