Montgomery Twp 2013 Budget Presentation

7/30/2019 Montgomery Twp 2013 Budget Presentation

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Proposed PreliminaryBudget for 2013

2013 Proposed Budget


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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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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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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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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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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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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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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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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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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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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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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

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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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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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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

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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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Montgomery Twp 2013 Budget Presentation

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