Budget & Fiscal Plan
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Notice: Lower Gwynedd Availability of Proposed Budget

Notice is hereby given that the proposed 2013 budget is available for public inspection between the hours of 8 AM and 5 PM, Monday through Friday, except holidays.

PUBLISH November 14, 2012

Lower Gwynedd Township Press Release

Lower Gwynedd Proposed 2013 Budget and Fiscal Plan

Spring House, PA-November 14, 2012

The proposed 2013 Budget and Fiscal Plan (the Plan) was presented by Township Manager, Larry Comunale at the public meeting of the Lower Gwynedd Township Board of Supervisors on November 13, 2012.  

The Plan keeps the millage at 1.223 mills. No increase in sewer user fees is proposed. The General Fund budget will total $6,058,840, representing a reduction of 2.5% compared to the 2012 General Fund Budget. The Manager praised Department Heads for their cooperation in reducing costs.

Earned Income Tax (EIT) revenues represent 56% of total General Fund revenues. It appears that EIT collections have increased in 2012 as a result of more efficient collection procedures under newly-enacted Act 32. However, the Manager cautioned that he will be more confident predicting revenues after a year or two under the new law. Real estate tax revenues remain flat reflecting very little growth and successful real estate assessment appeals.

The Township will devote 51% of $3,759,778 of its General Fund revenues for the Police Department and associated pension costs. The Township will contribute $801,882 to its pension plans in 2013. This represents 13% of the General Fund budget. The Township will pay over $1,000,000 for health insurance for its forty (40) full-time employees in 2013.

In 2013, the Township has budgeted $654,757 to pave six roads in the Township; replacement of the twenty-five (25) year old heating system ($100,000); and updating the telephone system ($35,000). The Township has budgeted $90,000 to continue the Penllyn Pike Trail project in cooperation with Whitpain Township. This project is dependent upon receipt of County Open Space Funds.

The Manager stated that the Township is in a strong fiscal position due to conservative fiscal policies instituted by the Board of Supervisors. The Manager cited the passage of an adherence to the Fund Balance Policy as an example. Under the 2013 Budget and Fiscal Plan the Township will continue to provide its citizens with a high level of service while at the same time maintaining adequate reserves to meet future fiscal challenges.

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Budget & Fiscal Plan

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