FINANCE DEPARTMENT
Diane P. Heming - Director
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urr ysville
MU N I CI PAL IT Y O F M U RRYSVI L L E NE WS
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The 2012 financial audit was prepared in accordance with
GASB 34 requirements with no material findings. In midFebruary of 2014, the fieldwork will begin for the 2013
Financial Statement audit.
The 2014-2018 Capital Improvements Program and the
2014 Operating Budget were both approved with tax
millage and service levels staying constant. A five year
budget plan was completed for all of the funds and
presented along with the 2014 Operating Budget. Longterm budgeting assists Council and staff with future
planning of general operations and capital expenditures.
The Emergency Equipment funds were supplemented
with a borrowing in the amount of $972,000 to be repaid
over a 20 year period. These funds were used to purchase
trucks for the Sardis Volunteer Fire Department and the
Murrysville Volunteer Fire Department. Both trucks were
received during the year.
Both emergency vehicles qualified for 2% PEMA loans.
These loans were applied for and are in the final stages of
approval. Each loan will be for $100,000, repaid over a 15
year period.
Assisted staff with paperwork for new hires, pension
issues, benefits, payroll, and income tax questions.
Administered and tracked various state, federal and
local grants for purchases of vehicles, communication
equipment and park upgrades.
Alyssa Ross, a St. Vincent senior accounting major,
worked with the Finance Department over the summer
to produce an updated Fiscal Health Analysis. This report
included statistical data from the last five years and also
projections of population, service needs, staffing and
financial needs for the next five years. Portions of this
report will be included in the updated Comprehensive
Plan and will be an invaluable tool for future budgetary
planning.
Both the Police and Public Works departments received
new copiers late in the year. A new lease was entered
into for five years.
Tabulation and tracking of fixed assets for insurance
and audit purposes was completed. The function
of updating the information quarterly was
transferred to DeBlasio and DeBlasio,
CPA beginning with 2013.
The Director of Finance continues
to be an active Board Member of the
County-wide Tax Collection Committee
which oversees all earned income tax
collections for Westmoreland County.
The Pension Committee, with direction and support
from Morrison Fiduciary Advisors, reallocated funds
from both pension plans and resulted in increased
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interest and dividend values for the year. The additional
cash influx along with the effects of a long- term plan to
lower personnel costs, assisted in increasing the funding
levels of both plans and allowed the plans to remain at a
“Level One Distress” which is acceptable. No additional
measures are needed at this time to keep the plans
solvent as long as personnel costs and benefits remain
consistent.
The viability or financial status of pension plans are
measured during actuarial evaluations, completed every
other year. The Plan’s funded ratio is the actuarial value
of each plan’s assets divided by the actuarial accrued
liabilities.
The Non-Uniform Pension Plan’s funded ratio is 88.3%.
An increase of 9.8% from 1-1-2011.
The Police Pension Plan’s funded ratio is 85.7%. An
increase of 4.2% from 1-1-2011.
The department assisted the Chief Administrator with
union negotiations for both the police and former
dispatchers.
Assistance was also provided during the new telephone
system installation and with the transfer of dispatching
services to the County 911.
The millage in the Municipality has increased 2.50 mills
since 2000 as follows:
2000 9.75
2002
11.15
The increase of 1.40 mills was dedicated to roads and
the new bond issue for park development and fire
equipment.
2007
12.15
The 1.00 mill increase was dedicated to capital projects.
Currently 12.15