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CENTER TOWNSHIP |
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BUTLER COUNTY, PENNSYLVANIA |

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2008 FINANCIAL REPORT |
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Center Township Financial Statement |
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Combined Funds |
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December 31, 2008 |
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Assets |
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Cash and Investments |
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$2,850,851 |
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Accounts Receivable |
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20,888 |
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Other Assets |
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23,064 |
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General Fixed Assets - at insured values |
2,064,349 |
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Total |
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$4,959,152 |
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Liabilities |
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Accounts Payable |
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$ 71,251 |
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Other Current Liabilities |
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88,697 |
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Total Liabilities |
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$ 159,948 |
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Fund and Account Group Equity |
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Investment in General Fixed Assets |
2,064,349 |
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Fund Balances: |
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General |
931,222 |
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Special Revenue |
102,710 |
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Capital Projects |
1,481,432 |
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Pension |
219,491 |
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Total Fund and Equity Group |
4,799,204 |
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Total Liabilities and Fund Group Equity |
4,959,152 |
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The assessed valuation of the Township is $59,819,402 |
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Millage: |
General |
1.0 mills |
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Fire Protection |
1.5 mills |
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Total |
2.5 mills |
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Net Debt at December 31, 2008: |
None |
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Concise Statement of Revenues Received and Expenditures Paid |
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Combined Funds Year Ended December 31, 2008 |
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Beginning Fund Balance, January 1, 2008 |
$5,185,317 |
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Revenues and other financial sources: |
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Taxes |
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1,229,270 |
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Licenses and Permits |
5,603 |
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Fines and Forfeits |
22,648 |
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Interest, Rents and Royalties |
87,133 |
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Intergovernmental Revenues |
397,195 |
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Charges for Services |
67,538 |
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Miscellaneous Revenues |
29,188 |
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Total revenues and other financing sources |
1,838,575 |
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Total available for appropriation |
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7,023,892 |
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Expenses and Other Financing Uses : |
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General Government |
695,102 |
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Public Safety |
257,259 |
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Public Works: |
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Highways, Roads & Streets |
1,132,806 |
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Other Public Works |
70,413 |
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Total expenditures other financing uses |
2,155,580 |
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Other Charges |
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Decrease in general fixed assets |
(23,313) |
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Decrease in reserve for employee retirement benefits |
(47,795 |
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2,224,688 |
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Ending fund balance, December 31, 2008 |
$4,799,204 |
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