IN Brentwood-Baldwin-Whitehall Spring 2016 | Page 66

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
2016 Fiscal Year Overall Budget Summary and
Overview
The Borough’s 2016 Operating Budget was adopted during the
December 14, 2015 Regular Borough Council meeting. A summary
of the total budget consists of the following fund accounts:
Total 2016 Sanitary Sewer Fund Expenditures
$ 5,329,500.00
Total 2016 Park Fund Expenditures
$
796,000.00
Total 2016 Capital Improvement Fund Expenditures$ 2,703,000.00
Total 2016 Highway Aid Fund Expenditures
$
217,140.00
$ 17,324,540.00
(1)

Minus Interfund Transfers (From the GF and Operating Reserve Fund) $
Minus Interfund Transfers (From the Sanitary Sewer Fund)
$
TOTAL 2016 BOROUGH EXPENDITURES

1,160,000.00
430,000.00

$ 15,734,540.00

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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.
General Fund Revenues
A realistic approach was once again utilized when preparing the
2016 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 increased 1.25 mils putting the Borough’s at 10.0
mils of property tax. This is expected to generate an estimated
$3,927,440.50 based on a total local taxable assessed property
value equal to $392,744.050.00. It is unfortunate that not all of this
is collectable due to the 2% discount rate as well as delinquent tax
payers. Therefore, a 97% collection rate was assumed resulting in
$3,707,805 in total current property tax revenues collected. This
equates to roughly the following dedicated milage with 1 mil =
$392,744:
Public Safety (Police, Fire, EMS)
Debt Service
Capital Improvements
Library
Uncollected
Total

6.16 Mils
1.85 Mils
1.11 Mils
0.60 Mils
0.56 Mils
10.28 Mils

$ 2,420,900.00
$
725,018.00
$
434,982.00
$
196,372.00
$
219,635.00
$ 3,996,907.00

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
64 Brentwood-Baldwin-Whitehall

George Zboyovsky, PE

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
Borough Pool operations could account for nearly ½ Mil at 0.33 Mils.
As mentioned above, the total General Fund Budget is $8.3 million
dollars. Property taxes bring in less than half of this amount. Earned
Income Taxes bring in another $1 million. The remaining $3 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 non-tax revenues.
A summary of the revenues sources being proposed for the 2016
Overall Brentwood Borough Budget are as illustrated below: