2018 Mine Hill Township Budget & State of the Township - PowerPoint PPT Presentation

2018 Mine Hill Township Budget & State of the Township Presentation

Mine Hill’s 4 Budget Areas 1. Water Utility 2. Garbage District 3. Sewer Utility 4. Municipal Current Fund

Water Utility • The Water Utility is Financially Stable. • 2017 ending surplus is $300,000 • Debt Balance from Meters = ZERO • Adding $100,000 in capital to the water budget $161,000 in Water Capital totaling $261,000 • $432,000 Water Operating Budget • The water Utility has absorbed 5 rate increases in the amount of 13% from Morris MUA without any increases passed to the residents

2018 Water Utility Projects • Projects : Hurt St. paving after gas installation & Reynold’s lane water main and services • Invest in additional leak detection equipment • The sewer and water budgets are going to fund a lease for a street sweeper.

Water Utility Debt $500,000 $450,000 $432,000 $400,000 $388,800 $350,000 $345,600 $300,000 $250,000 $245,600 $200,000 $150,000 $122,800 $100,000 $93,000 $50,000 $0.00 $0.00 $ ‐ 2011 2012 2013 2014 2015 2016 2017 2018

Garbage District • The Garbage District is Financially Stable. • The Garbage District has no debt • 2018 Total Budget = $408,000 • 2017 Surplus = ~$54,013

Sewer Utility • The Sewer Utility is Financially Stable. • The Sewer Utility was bankrupt in 2012 by $38,683.00 • 2018 Budget = $450,000 • 2017 Sewer Surplus = $138,842 • Mine Hill has 513 sewer customers • The sewer and water budgets are going to fund a lease for a street sweeper. • The additional sewer accounts added are expected to give us a better economy of scale for the utility.

Sewer Plans for 2018/19/20 etc. Our goal is the expand sewers to every house in Mine Hill within 5 ‐ 7 years. • I plan to ask the council to pass a $950,000 Capital ordinance for the • Sewer Utility in April. This will make capital funds available for the expansion of the sewer system. We will not borrow all of this . We will install several sewer lines and calculate the true cost. We will borrow according to the costs as incurred. Calculating the costs without real construction experience is just a guess. • We estimate the total cost of expansion is $2 Million. But that’s merely an educated guess. Contractors are bidding $300/$400 per foot. We estimate out installation cost to be $100/$150 per foot. Costs of borrowing and debt is carried by those with sewer service. • Residents not connected do not pay.

Municipal Budget • Tax increase will equal ZERO for 2018 • Municipal surplus end of 2018 $711,524 (+$21,000) • The Township incurs no new municipal debt for the 6 th year in a row. • 2018 Debt Payments = $345,380 • In May of 2018 our municipal debt will be $345,959 • Last payment in May 2019 will be…..$345,959!  • Mine Hill Day 2019 will celebrate debt free status and we will blow up every firework we can find! 

Tax Levy History $100.00 $90.00 $89.00 $80.00 $70.00 $60.00 $56.00 $50.00 $40.00 $30.00 $29.00 $20.00 $10.00 $7.56 $0.00 $0.00 $0.00 $0.00 2012 2013 2014 2015 2016 2017 2018

Muncipal Tax Rate Muncipal Tax Rate 77 76.5 76 75.626 75.583 75.5 75.221 75.221 75 74.5 74 2015 2016 2017 2018

Municipal Budget Debt $3,500,000 $3,000,000 $2,938,361 $2,571,313 $2,500,000 $2,174,193 $2,000,000 $1,756,853 $1,500,000 $1,337,210 $1,016,926 $1,000,000 $660,959 $500,000 $345,380 $0 $ ‐ 2011 2012 2013 2014 2015 2016 2017 2018 2019

Capital Budget • $49,015 remaining capital cash reserve from 2017 • Will fund the needs of the DPW, Fire Department, First Aid Squad etc. • Adding $60,000 in 2018 budget for a total capital budget of $109,015 Capital Projects for 2017 • Natural Gas Generators for Civic Center and Municipal Building • Regrading and paving south 2nd Street • Additional DPW shed • New front walks and landscaping at town hall • Interior restoration of the Bridget Smith House (Grant with matching • funds)

Additional Budget Notes • We will spend <$15,000 to eliminate more Tax Title Lien Properties update the tax maps • We will continue working on digitizing our construction and other files. (We have about 250 left to do this year). • We will invest this year in some newer equipment for sewer, water and municipal needs. A new cold planer for milling bad spots in roads etc.

In Summary The Township’s 4 budget areas are stable and solvent • The Township is almost debt free in our municipal budget • The Township has eliminated budgetary borrowing as part of the • municipal budget process for 7th year in a row We have sufficient funds to meet our needs in the 2018 budget • including capital and the utilities Mayor Sam Morris • Town Council ‐ Kris Kanzenbach, President, Fred Willis Vice • President, Debbie Giordano, & Bret Coranato, Dave Bloom Katelyn Wild, Treasurer • Greg Della Pia, CPA, CMFO, PSA •