senllka.blogg.se - Major issues of lower merion township

The 2016 Budget expenditures exceed revenue by $2,749,860 requiring a planned budgeted drawdown of fund balance to balance operating revenue with expenditures. The 2015 ending fund balance (undesignated) is estimated at $18,536,141 or 30.4% of the 2015 Estimated Actual Expenditures. The 2015 Estimated Actual expenditures exceed revenues (deficit) by $1,093,757.

The 2015 Expenditures are estimated at $60,993,787, an increase of $572,858 or 0.9% compared to the 2015 Budget. The Sanitary Sewer rental rate will be further reviewed before the official 2016 Sanitary Sewer rental rate is adopted by ordinance and billed in May 2016.

The 2016 Budget indicates the possibility of a rate increase to the Sanitary Sewer Rental Fee and drawdown of fund balance may be needed to balance the budget and maintain a 10% fund balance reserve.

The adopted 2015 Solid Waste Fees will remain unchanged in 2016 as follows: one mini can ($205), one container per week subscription ($292), plus $58 for each additional can and the Rear Yard Collection Fee for refuse and recycling placed more than 5 feet from the curb line ($210). The Real Estate Tax millage rate will remain unchanged for 2016 (fifth consecutive year). Refer to the Personnel Section of Budget Message for more details.

Net Full-Time Equivalent (FTE) Positions will decrease 1.8 FTE's from the 2015 Budget level of 476.5 to 474.8 in 2016. 2016 PROPOSED BUDGET HIGHLIGHTS Key Datesĭistribution of Budget to the Board, Libraries, Staff and the Media: