Proposed Preliminary

Budget for 2017

2017 Proposed Budget

BUDGET POLICY
Balance expenditures with current year revenues.
Fund Balance Policy Maintain a minimum of 10%
- 20% in reserve.
Transfer surplus Fund Balance to Capital Reserve
Fund for potential operating deficits and Future
Projects.
2017 Proposed Budget

Overview
Fund Balances
Projecting approximately $780K increase in General Fund
Balance by end of 2016.
Propose to fully fund the 2017 Road Improvement Reserves
and Capital Equipment Reserve in the General Fund in the
amount of $667K.
Retain $3M General Fund Balance 22% of proposed 2017
General Fund Expenditures.

2017 Proposed Budget

GENERAL FUND BALANCES

2009-2017
$5,500,000

$5,000,000

Transferred to Capital Reserve

General Fund Balance

$4,500,000

$4,000,000

$1,300,000

$3,500,000

$2,000,000
$1,100,000

$1,700,000
$780,000

$1,200,000

$3,000,000
$393,000
$2,500,000

$2,000,000
$3,208,795

$1,500,000
$2,521,209

$2,783,971

$2,995,701

$3,250,627

$3,000,723

$3,000,787

$2,929,007

$1,000,000

$500,000

$2010 Actual

2011 Actual

2012 Actual

2013 Actual

2014 Actual

2015 Actual 2016 Projected 2017 Budget

2017 Proposed Budget

REVENUE COMPONENTS
GENERAL FUND - 2017
Business Taxes
25%

Grants
4%

Other
8%

Transfer Taxes
5%
Permits
4%
R E Taxes
15%

Earned Income
Tax
39%
TOTAL: $14,320,840

2017 Proposed Budget

GENERAL FUND REVENUE COMPARISON

2016-2017
2016 Budget

2017 Budget

Percent Change

Tax
Revenues

$ 10,977,100

$ 11,733,900

6.89%

Non-Tax
Revenues

2,116,750

2,192,400

3.57%

Interfund
Transfers

311,350

394,540

26.72%

$ 13,405,200

$ 14,320,840

6.83%

Total Revenues

2017 Proposed Budget

2017 BUDGET PROJECTIONS

GENERAL FUND REVENUES

Real-estate Tax Rate maintained at 1.49 mills

Same rate since 2006
Retain Homestead Exclusion of $30,000
Over 75% of Residential Property Owners Participate
$320,000 in Annual Tax Relief

2017 Proposed Budget

GENERAL FUND REVENUES

MAJOR COMPONENTS
Earned Income Tax Budgeted with an 3.08%

increase from 2016 budget, consistent with actual

collections for 2015 and 2016.
EIT budgeted with an allocation of $310K to Fire Protection Fund and
$140K to Recreation Fund.

Real Estate Tax Revenues - Budgeted with a 29%

increase resulting from re-allocating Debt Service Fund

millage to General Fund.
Interfund Transfer Revenues Budgeted with a
26% increase based on Capital Reserve reimbursement
for replacement capital equipment items.

2017 Proposed Budget

EXPENSE COMPONENTS
GENERAL FUND 2017
Public Works
16%

Administration
11%

Building/
Zoning
7%

Police
53%

TOTAL: $14,300,680

Finance
7%

Pension
7%

2017 Proposed Budget

GENERAL FUND EXPENSE COMPARISON

2016-2017
2016 Budget
Personnel
Expenditures

$ 10,276,450

2017 Budget

Percent Change

$10,461,470

1.80%

2,201,900

2,255,340

2.43%

926,850

1,583,870

70.88%

$ 13,405,200

$ 14,300,680

6.68%

* Includes pension MMOs

Non-Personnel
Expenditures
Interfund
Transfers
Total Expenditures

10

2017 Proposed Budget

2017 GENERAL FUND EXPENDITURES

MAJOR COMPONENTS

Salaries/Wages
Non-Uniformed Employees increase to be determined by
Board of Supervisors.
Career Firefighters increase to be determined by pending
Arbitration decision.
Uniformed Police increase to be determined by terms of
pending collective bargaining agreement.

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2017 Proposed Budget

2017 GENERAL FUND EXPENDITURES

MAJOR COMPONENTS
Medical and Rx Premiums Budgeted based on
Annual Premium increase of 4.95%, per Delaware
Valley Health Trust projection.
Workers Compensation Insurance Budgeted at a
4% rate increase based on Delaware Valley Workers
Compensation Trust rate projections.

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2017 Proposed Budget

Transfers to Capital Reserves

Road Replacement Plan - total annual transfer included in
the 2017 Budget.

10-Year Equipment Replacement Plan - total calculated

transfer included in 2017 Budget.

HVAC Equipment Replacement - $15,000/year included

in 2017 Budget.

Bond Refinancing Savings - savings from bond

refinancing to be transferred to Capital Reserve Fund in 2017
and 2018.

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2017 Proposed Budget

General Fund Summary

Total Revenues, net of interfund transfers, are
$13,926,300, an increase of 6.36% over 2016.
Total Expenses, net of interfund transfers, are
$12,100,190, an increase of 3% over 2016.

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2017 Proposed Budget

Major Capital Expenditures

Replacement Equipment
Vehicles 3 Police, 1 Dump Truck, 1 Fire Truck
Computer Equipment 20 PCs, Police Server project
Equipment 1 Plow, 1 Tractor

New Capital Equipment/Projects

County Radio Purchase Program- Year 2 of 5
Fencing around Great Lawn at CRC
Planning/Zoning technology upgrades
Spring Valley Hockey Court Rebuild

15

2017 Proposed Budget

Major Capital Expenditures (cont)

Curb/Sidewalk/Road Program
Street Resurfacing - $690K
Curb and Sidewalk - $438K

16

2017 Proposed Budget

OTHER FUNDS

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Fire Protection (04) Balanced.

Parks (05) Balanced.
Basin Maintenance (06) Balanced through transfer from Designated
Reserves.
Street Light (07) Balanced.
Recreation Center (08) $202K deficit - To be balanced utilizing transfer
of fund balance from General (01) and Park (05) funds.
Debt Service (23) $246K deficit Due to payment of annual debt
payment from fund balance.
Capital Reserve (30) $1M deficit Offset by use of designated and
undesignated capital reserve funds.

2017 Proposed Budget

OTHER FUNDS
Park Development (31) $115K Surplus based on
projected developer contributions.

Liquid Fuels (35) Balanced.

Environmental Fund (93) Balanced.
Shade Tree (94) $3K Surplus based on projected
donations.

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2017 Proposed Budget

THANK YOU