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Saturday, December 7, 2013

township budget

Ligonier Township supervisors voted on Thursday to adopt a tentative $1,862,550 budget for 2014 that keeps the real estate tax rate at 5 mills.
Each mill will generate approximately $100,000, supervisor Tim Komar said.
Although the total revenue for 2014 is projected at $1,710,935, Komar said he is not worried about expenditures, as the township's projected cash balance for the end of 2013 is $750,000. The projected fund balance for the end of 2014 is $598,385.
In addition to outlining the general fund, liquid fuels, K9 and Act 13 budgets, Auditor Rae Ann Tronetti reviewed a capital reserve budget for 2014, saying that the township previously did not have one.

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