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Antrim Township supervisors to vote on 2011 budget

Township Secretary said the budget maintains the zero mill tax rate

December 29, 2010|By KATE S. ALEXANDER | kate.alexander@herald-mail.com

GREENCASTLE, Pa. — Antrim Township Board of Supervisors will meet Wednesday at 11 a.m. to vote on its calendar year 2011 budget.

The five-member board approved a preliminary version of the budget on Nov. 23, according to township documents.

Township Secretary Mary Klein said the 2011 budget maintains the zero mill tax rate established by the board for calendar years 2009 and 2010.

Antrim struggled to meet revenue projections in 2010, according to township documents.

General fund revenue for the current year is expected to end up $1,690,101 short of what was budgeted.

For 2011, the supervisors took an even more conservative approach to revenue, budgeting for less revenue than it did in 2010, Klein said.

General fund revenue is expected to reach $3,303,257 in 2011, according to township documents. In 2010, Antrim budgeted $4,075,433.

General fund expenditures have also been cut for 2011, dropping from a budgeted $4,120,210 in 2010 to $3,302,910, according to township documents.

Among major expenditures for the coming year is more than $1 million in road improvements, Klein said.  

The township plans to spend $1,011,000 on road improvement projects, she said, with $623,000 coming from the general fund and $388,000 coming through a transfer of Pennsylvania liquid fuels tax revenue from its highway aid fund.

Board Chairman Rick Baer said Coseytown Road, Lehman Road and Maryland Line Road are scheduled for major upgrades in 2011.

For 2011, general fund expenditures are expected to exceed revenue by more than $900,000, Klein said.

To balance the difference, the township will transfer $941,500 from its landfill fund, she said.

The township generates the lion's share of its landfill fund revenue from tipping fees, she said.

Antrim is dipping into its fund balances and reserves to stay in the black in 2011, Klein said.

However, Antrim township anticipates it will close 2010 with $8,415,141 in general fund balance, according to township documents.

Across its nine funds, the township expects to end 2010 with $21,587,060 in reserve and fund balances, according to the documents.

Klein said most of the township's money is invested in certificates of deposit and money market accounts, which suffer from currently low interest rates.

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