IN Brentwood-Baldwin-Whitehall Spring 2017 | Page 45

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