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Budget & Fiscal Plan

LOWER GWYNEDD TOWNSHIP 2018 budget & fiscal plan

Spring House, PA- December 18, 2017

The Board of Supervisor’s approved the 2018 Budget and Fiscal Plan at their Regular Meeting held on December 12th, 2017. No tax increase was included in the 2018 Budget. The 2018 Budget does include the reallocation of the real estate tax that will direct a larger percentage of the millage towards the Recreation Fund and consolidate the allocation by combining the Sinking Fund millage with the General Fund millage. The reapportionment of the tax allocation will adjust the need for frequent transfers from the General Fund to other funds.

The General Fund Budget totals $8,321,087. Revenue derived from the Earned Income Tax will generate slightly more than 50% of the General Fund receipts. Revenues from all funds total $16,224,240. This total does not include the three pension funds.

The Township will allocate $287,055 to the two volunteer fire companies serving Lower Gwynedd. This amount includes revenues derived from the real estate fire tax and an additional contribution of $90,000 from the General Fund approved by the Board of Supervisors.

The Township Recreation Fund totals $695,132 and is used to maintain the Township's extensive park and trail system and to offer different programs and events throughout the year.

There is no increase in sewer user charges proposed in the 2018 Sewer Fund Budget. The Sewer Fund totals $2,863,300, 32% of this total is paid to Ambler Borough for waste water treatment charges. The Township will continue an aggressive program to upgrade its aging sewer collection and conveyance system in 2018. This includes the televising and repair of aging sewer lines. The Township will also begin outsourcing the sewer billing and collection process to the Bucks County Water and Sewer Authority starting in January, 2018.

The Township has allocated $712,255 for the repaving of Township roads and various costs associated with such. Funds have also been allocated for a storm sewer project and other storm sewer repairs, new equipment purchases, and lighting along Old Penllyn Pike, among other things.

The 2018 Budget and Fiscal plan is available on the Township's website. Chairman, Stephen Paccione, thanked the staff for their hard work in preparing the 2018 Budget. 

Budget & Fiscal Plan

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