IN Brentwood-Baldwin-Whitehall Spring 2018

FISCAL YEAR 2018 PROPOSED BUDGETED REVENUES SUMMARY LINE BUDGETED REVENUES Proposed ITEM 2018 01 300 Beginning Fund Balance $450,000.00 01 301 Real Estate Taxes $3,896,000.00 01 310 Real Estate Transfer Taxes/511 Taxes $1,248,000.00 01 321 License & Permits $249,300.00 01 331 Fines & Penalties/Interest Earnings $88,000.00 01 341 Interest Earnings $90,600.00 01 350 Intergovernmental Revenues $590,400.00 01 360 Depatment Earnings $148,500.00 01 363 Parking Meters $83,000.00 01 364 Sanitation $705,100.00 01 367 Culture-Recreation $76,200.00 01 368 School Guard Payroll - Reimbursement $52,500.00 01 380 Miscellaneous $12,000.00 01 392 Interfund Transfers $505,000.00 01 394 Proceeds from Short-Term Debt (TAN) $1,000,000.00 01 395 Other Sources $ - 01 Total 2018 General Fund Revenues $9,194,600.00 08 Total 2018 Sanitary Sewer Fund Revenues $5,556,600.00 15 Total 2018 Park Fund Revenues $154,600.00 18 Total 2018 Capital Improvement Fund Revenues $2,253,000.00 19 Total 2018 Municipal Building Fund Revenues $1,200,000.00 35 Total 2018 Highway Aid Fund Revenues $240,340.00 $18,599,140.00 Minus Interfund Transfers (From the GF and Operating Reserve Fund)(1) $1,400,000.00 Minus Interfund Transfers (From the Sanitary Sewer Fund) $505,000.00 TOTAL 2018 BOROUGH REVENUES $16,694,140.00 General Fund Expenditures As with 2018 Revenues, General Fund Expenditures will also be decreasing from $9,408,000 million to $9,194,600 million. The primary reason for the slight decrease in expenditures was on account of lower beginning balance forecasted for 2018 as well as significant budget cuts to certain areas of the budget. The Borough was able to hold the line on Employee Costs due to improved operations and cuts in other Department line items. However, due to maintenance of older facilities and an older community, the Borough saw some of their largest increases in such departments such as Administration (5%), IT-Networking (12%), Communications (4%), Crossing Guards (21%) due to their entering a bargaining unit, Public Works (5%), Park (54%) associated with park security, and Economic Development (15%). Most of these department increases are associated with employee contractual obligations/salaries and the increases to healthcare insurance. Brentwood Volunteer Fire Department and the Brentwood EMS total expenditures will not increase from 2017 levels. The Borough’s Long Term Debt Principal and Interest Payments in 2018 will actually see a slight decrease of (-2%) from 2017 levels. This equates to a total debt principal and interest payment of $725,000 which is $13,000 LESS than 2017. This does NOT include a Tax Anticipation Note. The Borough’s Pension obligations will increase by $15,000 (6%) in 2018 to meet the Borough’s Minimum Municipal Obligation (MMO). A summary of the Proposed 2018 General Fund Expenditures are presented on the Table on the next page. BRENTWOOD-BALDWIN-WHITEHALL ❘ SPRING 2018 35

IN Brentwood-Baldwin-Whitehall Spring 2018 | Page 37