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Notice of Public Hearing on 2023 Budget

Posted on Tuesday November 22, 2022
 
A public hearing will be held at 7:30 p.m. on Wednesday, December 21, 2022, to receive comment and questions on the 2023 Operating and Capital Budgets for the Township.
 

NOTICE IS HEREBY GIVEN that the Board of Commissioners of Cheltenham Township, Montgomery County, Pennsylvania, will conduct a Public Hearing on Wednesday, December 21, 2022, at 7:30 p.m. (prevailing time) via web conference and at Curtis Hall, 1250 West Church Road, Wyncote, Pennsylvania 19095, to receive any and all comments and questions, written and oral, of the public prior to considering and possibly voting to adopt Ordinances adopting the Operating and Capital Budgets for the Year 2023 based on the 2023 Preliminary Operating and Capital Budgets, adopted by the Board of Commissioners on November 16, 2022, pursuant to the provisions of the Home Rule Charter, Section 1205, as follows: 

2023 GENERAL FUND BUDGET SUMMARY

Revenue
Real Estate
~ Current Year                                                                         $17,500,466
~ Prior Year                                                                                   $320,000
Licenses & Permits                                                                   $1,093,650
Fines and Forfeits                                                                         $190,000
Interest and Rentals                                                                        $41,250
Grants and Aids                                                                         $1,237,263
Departmental Earnings                                                              $5,712,335
Act 511 Taxes                                                                           $12,490,000
Miscellaneous Revenue                                                             $2,141,000
Total Estimated Revenue                                                      $40,725,964

Expenditures
General Government                                                                  $3,344,138
Police                                                                                          $9,783,315
EMS and Emergency Management                                            $1,340,015
Fire and Code Administration                                                      $1,958,767
Planning and Zoning                                                                       $468,775
Streets and Bridges                                                                     $1,523,971
Street Lights and Traffic Signals                                                    $492,800
Refuse and Recycling                                                                 $2,712,881
Park & Grounds Maintenance                                                     $1,036,585
Recreation                                                                                     $848,725
Libraries                                                                                      $1,834,345
Insurance and Employee Benefits                                            $14,409,111
Debt Service                                                                                  $962,536
Unappropriated Reserves                                                               $10,000
Total Estimated Expenditures                                              $40,725,964

2023 CAPITAL BUDGET SUMMARY

Income
Estimated Cash and Investments                                             $   3,791,468

Estimated Income:
~ Amounts Provided by Others                                                 $   9,499,711
~ Amounts Provided by Borrowings                                         $ 10,000,000
~ Amounts Provided by Assessments                                      $               0
~ Transfer Amounts                                                                 $   4,173,000

Total Estimated Cash and Receipts                                     $ 27,464,179

Expenses
2023 Project Costs                                                                  $ 17,806,000

Estimated Cash Balance at Year End                                  $   9,658,179

Copies of the full text of the proposed ordinances are available for review on the Township's Budget webpage.

Zoom web conferences are accessible by telephone, smartphone, tablet or personal computer. Details for logging in and/or dialing into the meetings are available on the Cheltenham Township's webpage for minutes and agendas.

CHELTENHAM TOWNSHIP
BOARD OF COMMISSIONERS

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