West Pikeland Township is presenting a balanced budget for calendar year 2017. If adopted by the Board of Supervisors, it will not require any changes in tax rates.
Under the laws of the Commonwealth of Pennsylvania, the Township budget must be balanced and it must be approved by the Board of Supervisors no later than December 31st of 2016. The laws also require that the budget be advertised and available for public inspection for twenty (20) days in advance of the adoption of the budget.
A balanced budget is defined as one in which the projected revenues equal or exceed the projected expenses for the calendar year. The monies in the Township’s accounts at the end of this year are carried forward into the new year and are considered as “revenue” for 2017 for the purpose of determining whether the budget is balanced.
The Commonwealth of Pennsylvania has guidelines for the preparation of municipal budgets. They are contained within the Chart of Accounts which has been established by the Commonwealth. As prepared, the proposed 2017 Budget meets the requirements of the Chart of Accounts.