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CENTER TOWNSHIP |
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BUTLER COUNTY, PENNSYLVANIA |

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2010 FINANCIAL REPORT |
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Center Township Financial Statement |
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Combined Funds |
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December 31, 2010 |
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Assets |
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Cash and Investments |
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$1,920,853 |
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Accounts Receivable |
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2,902 |
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Other Assets |
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13,885 |
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General Fixed Assets - at insured values |
2,702,174 |
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Total |
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$4,639,814 |
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Liabilities |
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Accounts Payable |
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$ 50,407 |
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Other Current Liabilities |
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1,956,025 |
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Total Liabilities |
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$ 2,006,432 |
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Fund and Account Group Equity |
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Investment in General Fixed Assets |
2,702,174 |
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Fund Balances: |
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General |
488,303 |
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Special Revenue |
303,321 |
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Capital Projects |
(1,247,389) |
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Pension |
386,973 |
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Total Fund and Equity Group |
2,633,382 |
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Total Liabilities and Fund Group Equity |
4,639,814 |
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The assessed valuation of the Township is $81,243,798 |
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Millage: |
General |
.75 mills |
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Fire Protection |
1.8 mills |
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Debt Service |
1.86 mills |
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Total |
4.41 mills |
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Net Debt at December 31, 2010: |
$1,900,000 |
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Concise Statement of Revenues Received and Expenditures Paid |
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Combined Funds Year Ended December 31, 2010 |
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Beginning Fund Balance, January 1, 2010 |
$ 4,573,862 |
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Revenues and other financial sources: |
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Taxes |
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1,495,769 |
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Licenses and Permits |
5,569 |
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Fines and Forfeits |
19,115 |
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Interest, Rents and Royalties |
13,072 |
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Intergovernmental Revenues |
421,517 |
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Charges for Services |
43,878 |
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Miscellaneous Revenues |
6,262 |
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Total revenues and other financing sources |
2,005,182 |
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Total available for appropriation |
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6,579,044 |
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Expenses and Other Financing Uses : |
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General Government |
2,839,153 |
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Public Safety |
308,550 |
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Public Works: |
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Highways, Roads & Streets |
1,228,061 |
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Other Public Works |
67,871 |
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Total expenditures other financing uses |
4,443,635 |
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Other Charges |
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Increase in general fixed assets |
412,160 |
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Increase in reserve for employee retirement benefits |
85,813 |
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3,945,662 |
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Ending fund balance, December 31, 2009 |
$2,633,382 |
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