2023 Budget
BudgetAI Summary
The Borough of Mahanoy City presented its 2023 budget to council on November 15, 2022, and approved it on December 13, 2022, with no proposed tax increase and millage remaining at 35.524 mils across six funds. The budget reflects a $42,300 increase in real estate tax revenue due to a $1.66 million rise in assessed property values, and includes $70,000 from the ARPA fund to cover a fifth police officer position. The borough is scheduled to exit Act 47 financial distress status in March 2023 after seven years in the program, marking the completion of its financial recovery plan.
Topics
Full text
2023 ANNUAL BUDGET BOROUGH OF MAHANOY CITY, SCHUYLKILL COUNTY 239 EAST PINE STREET MAHANOY CITY, PA 17948 Presented to Council: November 15, 2022 Approved by Council: December 13, 2022 -- 1 of 7 -- Borough Manager’s Message: I present to Borough Council and the residents of the Borough of Mahanoy City, the proposed 2023 Budget for all funds. In preparation for completing this budget, a review of the prior three years financial activity as well as 2022 actuals was performed. Also reviewed was the Capital Plan and Budget as well as input received from the finance committee and department heads. There is no proposed tax increase in this year’s budget. Millage remains the same at 35.524. The recommended millage breakdown for 2023 is: General Fund 25.5 mils Sinking Fund 0.124 mils Street Lighting Fund 3.85 mils Debt Reduction Fund 4.75 mils Library Fund 0.35 mils Fire Tax Fund 0.95 mils Total 35.524 mils I am happy to announce that the Mahanoy City Borough is scheduled to exit Act 47 in March of 2023. The Borough has been in Act 47 since 2016 and the long road to financial recovery is almost complete. I would like to thank my predecessors, past and present council members, staff, department heads and PEL for their tireless work. Without the dedication of all involved, Mahanoy City’s financial future may have had a different outcome. I am dedicated to ensuring that the future of Mahanoy City Borough remains financially sound. I would like to thank everyone that assisted in this budget preparation as well as all who made my transition to Borough Manager run smoothly. Respectfully Submitted, John Fatula John Fatula Borough Manager -- 2 of 7 -- Income Narrative: Our most recent assessment from Schuylkill County, the Borough’s total taxable assessed value increased by $1,656,340 from 2022 to 2023. At a collectible rate of 72% that represents approximately $42,300 increase in Real Estate Tax Revenue. This budget also includes $70,000 from the ARPA fund to cover cost of 5 th police officer. In addition, the Borough receives income from Schuylkill County Tax Claim delinquent taxes. This revenue has increased mainly due to the number of properties being purchased in the Borough. We are also seeing an increase in the Real Estate Transfer Tax because of these purchases. The 2023 budget was calculated based on a 72% collection rate. Also of note is that the Borough is able to continue the additional 1% EIT that started under Act 47 due to the Home Rule Charter. This budget also shows an increase in receipts for Cable TV franchise fees, as well as building permits. The permit increase will be offset by increased 3 rd party inspection fees. The 2023 General Fund Operating Budget projects $63.890.00 more revenue than the 2022 document. Real Property Taxes, $579,989.40 Grants & Gov't Revenue, $103,028.33 Public Safety, $54,800.00 ARPA Funds, $70,000.00 Local Tax Enabling Act 511, $804,500.00 Business License and Permits, $46,000.00 Fines, $17,750.00 Highway and Streets, $1,000.00 Miscellaneous Revenues, $10,935.00 Other, $29,685.00 2023 General Fund Budget Revenues -- 3 of 7 -- Expenditure Narrative: As it was in 2022, the 2023 Budget was prepared to accommodate salaries for a five (5) member Council and one (1) Borough Manager. Staffing includes three (3) public works employees (one of whom is a working foreman), 2 full time office workers (one secretary and one clerk), one part time treasurer, one full time code officer, five (5) full time officers (one of whom is chief) and part time officers to cover enough hours for a 24/7 schedule. All salary increases were calculated at 2% and insurances were based on actual premium notifications for commercial package, worker’s compensation, and health insurance. Borough Council has committed to 1.5 mils for Demolition of Blighted Properties. This budget also allows for the Borough commitment to support of the library at $8,000.00 per year and each of the five fire companies at $4,384.40 per year. The sinking fund (capital fund) maintains funds to support the Capital Budget and Plan as adopted October 12, 2021. Other capital plan expenses are captured in the General Fund and Highway Aid Fund. 2022 Expenses projected in the General Fund are $101,263.00 higher than the budgeted expenditures for 2022. This amount includes $40,000.00 budgeted for continuation of PEL assistance. General Government, $379,661.85 , 23% Police, $439,406.01 , 26% Public Safety, $82,663.64 , 5% Public Works, $152,515.45 , 9% Employee Benefits, $422,789.52 , 25% Insurance, $74,056.12 , 4% Transfers, $76,175.85 , 5% Miscellaneous, $57,046.84 , 3% 2023 General Fund Budget Expenditures -- 4 of 7 -- General Fund Budget Summary: 300 · REVENUES 301 · Real Property Taxes $579,989.40 310 · Local Tax Enabling Act 511 $804,500.00 321 · Business License and Permits $46,000.00 331 · Fines $17,750.00 341 · Interest Earnings $135.00 354 · State Capital & Operating Grant $34,912.91 355 · State Shared Revenue & Entitlements $66,115.42 361 · General Government $2,000.00 362 · Public Safety $54,800.00 363 · Highway and Streets $1,000.00 380 · Miscellaneous Revenues $5,800.00 391 · Proceeds of Asset Disposition $5,000.00 392 · Interfund Operating Transfers $70,000.00 Total 300 · REVENUES $1,688,002.73 400 · EXPENDITURES 401 · Legislative and Executive Salaries $68,700.00 402 · Auditing Services $29,500.00 403 · Tax Collection $32,994.25 404 · Solicitor and Legal Fees $26,000.00 405 · Secretary/Clerical Expenses $67,097.90 406 · General Government Office Administration $26,482.22 407 · Networking and Data Processing $6,398.00 408 · Engineering Services $75,000.00 409 · Buildings and Plant $47,489.48 410 · Police $439,406.01 411 · Fire Company $31,609.00 413 · Code Enforcement $48,453.64 420-425 · Health & Human Services $2,601.00 427 - Solid Waste Disposal $1,200.00 430 · Public Works $152,515.45 445 · Parking $500.00 454 · Parks $6,000.00 460-469 Community Development $2,500.00 481-484 · Employer Paid Benefits $238,725.20 486 · Insurance, Casualty & Surety $74,056.12 487 · Health Insurance Benefit $184,064.52 489 - Act 47 Expenditures $44,500.00 492.00 · Interfund Operating Transfers $76,175.85 6000 · M&T Bank Fees $50.00 6560 · Payroll Expenses - Other $2,296.84 Total 400 · EXPENDITURES $1,684,315.28 NET INCOME $3,687.46 -- 5 of 7 -- Blight/Demo Fund Budget Summary: 300 · REVENUES 341 · Interest Earnings $15.00 392.01 - 1.5 mils from General Fund $26,175.85 392.02 - Transfer of Act 47 EIT $50,000.00 Revenues $76,190.85 400 · EXPENDITURES 470 · Demolition Activities $75,000.00 Expenditures $75,000.00 NET INCOME $1,190.85 Fire Tax Fund Budget Summary: 300 · REVENUES 301.10 · Real Estate Taxes Current $16,578.04 301.40 · Real Estate Taxes Delinquent $6,112.21 341 · Interest Earnings $2.00 Revenues $22,692.24 400 · EXPENDITURES 450 · Contributions $21,620.00 Expenditures $21,620.00 NET INCOME $1,072.24 Sinking Fund Budget Summary: 300 · REVENUES 301.10 · Real Estate Taxes Current $2,163.87 341 · Interest Earnings $31.00 Revenues $2,194.87 400 · EXPENDITURES Expenditures $0.00 NET INCOME $2,194.87 Library Fund Budget Summary: 300 · REVENUES 301.10 · Real Estate Taxes Current $6,107.70 301.40 · Real Estate Taxes Delinquent $2,391.73 341 · Interest Earnings $4.00 Revenues $8,503.43 400 · EXPENDITURES 450 · Contributions $8,000.00 Expenditures $8,000.00 NET INCOME $503.43 -- 6 of 7 -- Highway Aid Budget Summary: 300 · REVENUES 341 · Interest Earnings $33.00 355 · State Shared Revenue & Entitlements $97,126.12 Revenues $97,159.12 400 · EXPENDITURES 430 · Public Works $2,750.00 431 - Highway Clean Streets / Gutters $6,000.00 432 - Highway Snow & Ice Removal $32,478.98 433 - Highway Traffic Control Devices $6,254.02 436 - Highway Sewers & Drains $11,084.45 437 - Highway Repairs Tools & Machinery $5,500.00 438 - Street Maintenance $32,684.31 Expenditures $96,751.76 NET INCOME $407.36 Street Lighting Fund Budget Summary: 300 · REVENUES 301.10 · Real Estate Taxes Current $67,184.67 301.30 · Real Estate Taxes Delinquent $18,729.92 341 · Interest Earnings $13.00 Revenues $85,927.60 400 · EXPENDITURES 434 · Electric Charges $79,850.00 Expenditures $79,850.00 NET INCOME $6,077.60 Debt Reduction Fund Budget Summary: 300 · REVENUES 301.10 · Real Estate Taxes Current $82,890.18 301.30 · Real Estate Taxes Delinquent $26,574.81 341 · Interest Earnings $18.00 Revenues $109,482.99 400 · EXPENDITURES 411 - Fire Department Items $8,508.00 480.03 - USDA Facilities Loan $3,948.00 480.04 - ACT 47 Loan $80,000.00 480.06 - USDA 2021 Loan $10,056.00 Expenditures $102,512.00 NET INCOME $6,970.99 -- 7 of 7 --
More budgets from Mahanoy City
- Budget
The 2024 Year End Fiscal Report presents the municipality's financial position as of December 31, 2024, with total fund balances across all accounts reaching approximately $1.87 million, including restricted-use funds for debt reduction, highway aid, and ARPA programs. General Fund revenues exceeded the budget by 1% at $2,163,609 against a budgeted $2,143,181, driven by strong earned income tax collections (122.6% of budget) and interest earnings (1,090.5% of budget), though real estate tax revenue underperformed at 89.8% of budget. The General Fund maintained a surplus of $88,055 with expenditures at $2,075,554 (101% of budget), while multiple treasury notes totaling approximately $738,857 are set to mature on March 25, 2025.
AI summary