Center Township Financial Statement

Combined Funds

December 31, 2008

Assets

Cash and Investments

$2,850,851

Accounts Receivable

20,888

Other Assets

23,064

General Fixed Assets - at insured values

2,064,349

Total

$4,959,152

Liabilities

Accounts Payable

$     71,251

Other Current Liabilities

88,697

Total Liabilities

$   159,948

Fund and Account Group Equity

Investment in General Fixed Assets

2,064,349

Fund Balances:

General

931,222

Special Revenue

102,710

Capital Projects

1,481,432

Pension

219,491

Total Fund and Equity Group

4,799,204

Total Liabilities and Fund Group Equity

4,959,152

The assessed valuation of the Township is $59,819,402

Millage:

General

1.0 mills

Fire Protection

1.5 mills

Total

2.5 mills

Net Debt at December 31, 2008:

None

Concise Statement of Revenues Received and Expenditures Paid

Combined Funds Year Ended December 31, 2008

Beginning Fund Balance, January 1, 2008

$5,185,317

Revenues and other financial sources:

Taxes

1,229,270

Licenses and Permits

5,603

Fines and Forfeits

22,648

Interest, Rents and Royalties

87,133

Intergovernmental Revenues

397,195

Charges for Services

67,538

Miscellaneous Revenues

29,188

Total revenues and other financing sources

1,838,575

Total available for appropriation

7,023,892

Expenses and Other Financing Uses :

General Government

695,102

Public Safety

257,259

Public Works:

Highways, Roads & Streets

1,132,806

Other Public Works              

70,413

Total expenditures other financing uses

2,155,580

Other Charges

Decrease in general fixed assets

(23,313)

Decrease in reserve for employee retirement benefits

(47,795

2,224,688

Ending fund balance, December 31, 2008

$4,799,204