BOROUGH NEWS
Briefly Brentwood
BOROUGH NEWS
Borough Manager ’ s Message
“ If you don ' t know where you are going , you ' ll end up someplace else .” — Yogi Berra
2017 Fiscal Year Overall Budget Summary and Overview
The Borough ’ s 2017 Operating Budget was adopted during the |
December 12 , 2016 Regular Borough Council meeting . A summary |
of the total budget consists of the following fund accounts : |
Total 2017 General Fund Expenditures |
$ |
9,408,000.00 |
Total 2017 Sanitary Sewer Fund Expenditures |
$ |
5,852,100.00 |
Total 2017 Park Fund Expenditures |
$ |
99,500.00 |
Total 2017 Capital Improvement Fund Expenditures |
$ |
2,659,000.00 |
Total 2017 Highway Aid Fund Expenditures |
$ |
240,340.00 |
|
$ |
18,258,940.00 |
Minus Interfund Transfers ( From the GF and Operating Reserve Fund ) ( 1 ) $ 1,725,000.00 Minus Interfund Transfers ( From the Sanitary Sewer Fund ) $ 584,000.00
TOTAL 2017 BOROUGH EXPENDITURES $ 15,949,940.00
George Zboyovsky , PE
The above breakdown is just an example of how our property taxes are being utilized . Other than 0.5 mils that the Borough is required to give to the Library every year and of course the debt service payment , none of the above stated milage is “ dedicated ”. In other words I could very well have illustrated that the Department of Public Work ’ s $ 1 million budget equate to 2.57 Mils , or the Capital Improvements budget of $ 2,659,000 could account for nearly 6.75 Mils . As mentioned above , the total General Fund Budget is $ 9.4 million dollars . Property taxes bring in less than half of this amount . Earned Income Taxes bring in another $ 1 million . The remaining $ 4 million balance of the operating revenues is comprised of other taxes and other revenues . Such taxes consist of real estate transfer , public utilities , sales & use , and local service taxes . Other revenues consists of licenses and permits , fines , fees , rental & service agreements , parking meters , recreation fees , grants , and other nontax revenues . rentwood
CITY BRIEFLY OF MCKEESPORT BRENTWOOD NEWS
cKeesport
I will give a brief description this year of the above accounts . If you would like to read the entire Borough Budget , it is once again available on the Borough Web Site www . brentwoodboro . com .
A summary of the revenues sources being proposed for the 2017 Overall Brentwood Borough Budget are as illustrated below :
General Fund Revenues
A realistic approach was once again utilized when preparing the 2017 Budget by underestimating revenues and overestimating expenses . In an effort to enhance our residents ’ quality of life , and to support local business growth , the Borough will continue to invest in public works , streets , public safety ( police , fire , and EMS ), sanitary sewer infrastructure , parks and recreational facilities . The property tax rate remained at 10.0 mils of property tax . This is expected to generate an estimated $ 3,937,931.50 based on a total local taxable assessed property value equal to $ 393,793,150.00 . It is unfortunate that not all of this is collectable due to the 2 % discount rate as well as delinquent tax payers . Therefore , a 94 % collection rate was assumed resulting in $ 3,602,793 in total current property tax revenues collected . This is equates to roughly the following dedicated milage with 1 mil = $ 393,793 :
Public Safety ( Police , Fire , EMS ) |
6.32 Mils |
$ |
2,487,540.00 |
Debt Service |
1.87 Mils |
$ |
736,000.00 |
Park |
0.09 Mils |
$ |
37,550.00 |
Pool |
0.34 Mils |
$ |
$ 133,000.00 |
Traffic Signals |
0.03 Mils |
$ |
11,500.00 |
Library |
0.50 Mils |
$ |
196,000.00 |
Uncollected |
0.85 Mils |
$ |
335,000.00 |
Total |
10.00 Mils |
$ |
3,936,590.00 |
Continued on next page >
Brentwood-Baldwin-Whitehall | Spring 2017 | icmags . com 43