Center Township Financial Statement

Combined Funds

December 31, 2009

Assets

Cash and Investments

$2,273,336

Accounts Receivable

26,689

Other Assets

18,871

General Fixed Assets - at insured values

2,290,014

Total

$4,608,910

Liabilities

Accounts Payable

$     31,604

Other Current Liabilities

56,961

Total Liabilities

$   88,565

Fund and Account Group Equity

Investment in General Fixed Assets

2,290,014

Fund Balances:

General

591,546

Special Revenue

151,482

Capital Projects

1,239,660

Pension

247,643

Total Fund and Equity Group

4,520,345

Total Liabilities and Fund Group Equity

4,608,910

The assessed valuation of the Township is $80,910,876

Millage:

General

.75 mills

Fire Protection

1.125 mills

Total

1.875 mills

Net Debt at December 31, 2009:

None

Concise Statement of Revenues Received and Expenditures Paid

Combined Funds Year Ended December 31, 2009

Beginning Fund Balance, January 1, 2009

$ 4,799,204

Revenues and other financial sources:

Taxes

1,228,363

Licenses and Permits

5,687

Fines and Forfeits

18,907

Interest, Rents and Royalties

70,414

Intergovernmental Revenues

372,782

Charges for Services

51,845

Miscellaneous Revenues

15,745

Total revenues and other financing sources

1,763,743

Total available for appropriation

6,562,947

Expenses and Other Financing Uses :

General Government

563,349

Public Safety

244,735

Public Works:

Highways, Roads & Streets

1,437,192

Other Public Works              

51,135

Total expenditures other financing uses

2,296,411

Other Charges

Increase in general fixed assets

225,657

Increase in reserve for employee retirement benefits

28,152

2,042,602

Ending fund balance, December 31, 2009

$4,520,345