CENTER TOWNSHIP

BUTLER COUNTY, PENNSYLVANIA

2015 FINANCIAL REPORT

Center Township Financial Statement

Combined Funds

December 31, 2015

 

 

 

 

Assets

Cash and Investments

 

$1,781,733

Accounts Receivable

 

6,214

Other Assets

 

214,995

General Fixed Assets - at insured values

6,006,574

 

 

 

 

Total

 

 

$8,009,516

Liabilities

Accounts Payable

 

$     200,980

Other Current Liabilities

 

1,045,986

Total Liabilities

 

$   1,246,966

Fund and Account Group Equity

Investment in General Fixed Assets

6,006,574

 

 

Fund Balances:

 

General

797,734

Special Revenue

(488,215)

Capital Projects

185,410

Pension

261,047

 

 

Total Fund and Equity Group

6,762,550

 

 

Total Liabilities and Fund Group Equity

8,009,516

 

 

The assessed valuation of the Township is $80,730,656

 

Millage:

General

2.75 mills

 

 

Fire Protection

1.8 mills

 

 

Debt Service

2.5 mills

 

 

Total

7.05 mills

 

 

 

 

 

Net Debt at December 31, 2015:

$1,045,987

 

 

 

 

Concise Statement of Revenues Received and Expenditures Paid

Combined Funds Year Ended December 31, 2015

 

Beginning Fund Balance, January 1, 2015

$ 6,319,535

 

 

 

 

Revenues and other financial sources:

 

 

 

 

 

Taxes

 

1,941,998

 

Licenses and Permits

6,656

 

Fines and Forfeits

4,408

 

Interest, Rents and Royalties

1,838

 

Intergovernmental Revenues

414,197

 

Charges for Services

142,276

 

Miscellaneous Revenues

120,661

 

 

 

 

Total revenues and other financing sources

2,632,034

 

 

 

Total available for appropriation

 

8,951,569

 

 

 

Expenses and Other Financing Uses :

 

General Government

384,399

 

Public Safety

274,067

 

Public Works:

 

 

Highways, Roads & Streets

1,338,610

 

Other Public Works              

217,169

 

            Interest       

18,593

 

 

 

 

Total expenditures other financing uses

2,232,838

 

 

Other Charges

 

 

 

Increase in general fixed assets

463,139

Increase in reserve for employee retirement benefits

(419,320)

 

43,819 

 

 

Ending fund balance, December 31, 2015

$6,762,550