FUND BALANCE/ NET ASSETS HISTORY TOWNSHIP OF UPPER ST. CLAIR BUDGET OVERVIEW TOWNSHIP MAJOR FUNDS – CHANGES IN FUND BALANCE OR NET ASSETS 2012 Actual GENERAL FUND 2013 Actual 2014 Budget 2014 Estimate 2015 Budget Beginning Fund Balance Total Revenues Total Expenditures $ 3,313,483 19,676,041 (19,670,681) $ 3,318,843 20,217,417 (20,112,092) $ 3,424,168 19,909,614 (19,909,614) $ 3,424,168 20,028,181 (20,028,181) $ 3,424,168 20,148,432 (20,148,432) Ending Fund Balance $ 3,318,843 $ 3,424,168 $ 3,424,168 $ 3,424,168 $ 3,424,168 Analysis: No Increase in Fund Balance Discussion: The General Fund’s Fund Balance is not projected to change in 2015. 2012 Actual CAPITAL PROJECTS FUND 2013 Actual 2014 Budget 2014 Estimate 2015 Budget Beginning Fund Balance Total Revenues Total Expenditures $ 3,446,085 3,335,654 (1,605,381) $ 5,176,358 3,555,762 (2,125,579) $ 6,606,541 1,952,070 (3,449,900) $ 6,606,541 2,416,826 (3,074,795) $ 5,948,572 1,133,363 (3,868,200) Ending Fund Balance $ 5,176,358 $ 6,606,541 $ 5,108,711 $ 5,948,572 $ 3,213,735 Analysis: 46.0% Decrease in Fund Balance Discussion: The decrease in Fund Balance in the Capital Projects Fund is planned, and will support significant projects in the following areas: Municipal Building Improvements ($695,000), Information Technology Equipment ($600,000), and Annual Street Program ($1,060,000). 2012 Actual SANITARY SEWER FUND Beginning Net Assets $ Operating Revenue Operating Expenses Operating Income (Loss) Non-Operating Revenue Non-Operating Expenses Total Non-Operating Revenues (Expenses) Change in Net Assets Capital Contribution Less: Depreciation - Sewer Lines Ending Net Assets $ 2,131,914 4,444,773 (4,184,249) 260,524 11,903 (591,034) (579,131) (318,607) (756,152) 1,057,155 2013 Actual $ $ 1,057,155 4,698,277 (3,560,330) 1,137,947 6,555 (608,355) (601,800) 536,147 (756,152) 837,150 2014 Budget $ $ 837,150 5,726,000 (4,157,858) 1,568,142 1,000 (504,922) (503,922) 1,064,220 (760,000) 1,141,370 2014 Estimate $ $ 2015 Budget 837,150 5,568,907 (3,941,821) 1,627,086 8,340 (504,617) (496,277) 1,130,809 (756,152) 1,211,807 $ $ 1,211,807 5,978,000 (5,708,274) 269,726 7,000 (497,538) (490,538) (220,812) (756,152) 234,843 Analysis: 79% Decrease in Net Assets Discussion: The projected decrease in Net Assets for the Sanitary Sewer Fund is due to increased expenditures in two major areas: Sewer Processing Fees ($3,513,000) and Corrective Action – Sewer Rehabilitation ($1,470,000). Township of Upper St. Clair, Pennsylvania 2015 Adopted Budget FUND BALANCE/ NET ASSETS HISTORY TOWNSHIP OF UPPER ST. CLAIR BUDGET OVERVIEW 2012 Actual C&RC FUND $ Beginning Net Assets 4,137,311 2013 Actual $ 4,739,645 2014 Budget $ 5,557,004 2014 Estimate $ 5,557,004 2015 Budget $ 6,440,225 3,792,127 (2,932,195) 859,932 4,008,012 (2,950,257) 1,057,755 4,107,000 (3,376,793) 730,207 4,350,567 (3,237,912) 1,112,655 4,409,684 (3,586,226) 823,458 Non-Operating Revenue Non-Operating Expenses Total Non-Operating Revenues (Expenses) 1,222,105 (831,485) 390,620 1,212,347 (804,525) 407,822 1,195,319 (777,340) 417,979 1,178,214 (759,430) 418,784 1,191,219 (755,442) 435,777 Change in Net Assets 1,250,552 1,465,577 1,148,186 1,531,439 1,259,235 Operating Revenue Operating Expenses Operating Income (Loss) (648,218) Capital Contribution Less: Depreciation - Building Ending Net Assets $ 4,739,645 (648,218) $ 5,557,004 (648,218) $ 6,056,972 (648,218) $ 6,440,225 (648,218) $ 7,051,242 Analysis: 14% Increase in Net Assets Discussion: The projected net assets for the Community & Recreation Center Fund are expected to increase slightly in 2015. THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK Township of Upper St. Clair, Pennsylvania 2015 Adopted Budget