Center Township Financial Statement

Combined Funds

December 31, 2010

Assets

Cash and Investments

$1,920,853

Accounts Receivable

2,902

Other Assets

13,885

General Fixed Assets - at insured values

2,702,174

Total

$4,639,814

Liabilities

Accounts Payable

$     50,407

Other Current Liabilities

1,956,025

Total Liabilities

$   2,006,432

Fund and Account Group Equity

Investment in General Fixed Assets

2,702,174

Fund Balances:

General

488,303

Special Revenue

303,321

Capital Projects

(1,247,389)

Pension

386,973

Total Fund and Equity Group

2,633,382

Total Liabilities and Fund Group Equity

4,639,814

The assessed valuation of the Township is $81,243,798

Millage:

General

.75 mills

Fire Protection

1.8 mills

Debt Service

1.86 mills

Total

4.41 mills

Net Debt at December 31, 2010:

$1,900,000

Concise Statement of Revenues Received and Expenditures Paid

Combined Funds Year Ended December 31, 2010

Beginning Fund Balance, January 1, 2010

$ 4,573,862

Revenues and other financial sources:

Taxes

1,495,769

Licenses and Permits

5,569

Fines and Forfeits

19,115

Interest, Rents and Royalties

13,072

Intergovernmental Revenues

421,517

Charges for Services

43,878

Miscellaneous Revenues

6,262

Total revenues and other financing sources

2,005,182

Total available for appropriation

6,579,044

Expenses and Other Financing Uses :

General Government

2,839,153

Public Safety

308,550

Public Works:

Highways, Roads & Streets

1,228,061

Other Public Works              

67,871

Total expenditures other financing uses

4,443,635

Other Charges

Increase in general fixed assets

412,160

Increase in reserve for employee retirement benefits

85,813

3,945,662

Ending fund balance, December 31, 2009

$2,633,382