CENTER TOWNSHIP

BUTLER COUNTY, PENNSYLVANIA

2016 FINANCIAL REPORT

 

Center Township Financial Statement

Combined Funds

December 31, 2016

 

 

 

 

Assets

Cash and Investments

 

$2,109,278

Accounts Receivable

 

25,070

Other Assets

 

209,526

General Fixed Assets - at insured values

6,135,222

 

 

 

 

Total

 

 

$8,479,096

Liabilities

Accounts Payable

 

$     192,527

Other Current Liabilities

 

788,987

Total Liabilities

 

$   981,514

Fund and Account Group Equity

Investment in General Fixed Assets

6,135,222

 

 

Fund Balances:

 

General

730,608

Special Revenue

35,575

Capital Projects

273,828

Pension

322,079

 

 

Total Fund and Equity Group

7,497,312

 

 

Total Liabilities and Fund Group Equity

8,478,826

 

 

The assessed valuation of the Township is $82,899,466

 

Millage:

General

2.75 mills

 

 

Fire Protection

1.8 mills

 

 

Debt Service

2.5 mills

 

 

Total

7.05 mills

 

 

 

 

 

Net Debt at December 31, 2016:

$1,045,987

 

 

 

 

Concise Statement of Revenues Received and Expenditures Paid

Combined Funds Year Ended December 31, 2016

 

Beginning Fund Balance, January 1, 2016

$ 6,762,550

 

 

 

 

Revenues and other financial sources:

 

 

 

 

 

Taxes

 

2,030,251

 

Licenses and Permits

5,887

 

Fines and Forfeits

6,484

 

Interest, Rents and Royalties

2,497

 

Intergovernmental Revenues

455,083

 

Charges for Services

159,102

 

Miscellaneous Revenues

105,674

 

 

 

 

Total revenues and other financing sources

2,854,871

 

 

 

Total available for appropriation

 

9,617,421

 

 

 

Expenses and Other Financing Uses :

 

General Government

435,909

 

Public Safety

260,818

 

Public Works:

 

 

Highways, Roads & Streets

1,297,997

 

Other Public Works              

307,382

 

            Interest       

15,823

 

 

 

 

Total expenditures other financing uses

2,317,929

 

 

Other Charges

 

 

 

Increase in general fixed assets

128,648

Increase in reserve for employee retirement benefits

69,173

 

197,821

 

 

Ending fund balance, December 31, 2016

7,497,312