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.
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Township of Upper St. Clair, Pennsylvania
2015 Adopted Budget