Budget Planning for 2014: As you may be aware, we have started the budgeting process for 2014 already. Click here for a calendar of the budget planning meetings and discussions planned for the fall of 2013:
2013 Budget Actuals as of July 2013 Revenues for 2013 are up $3.2 million over this time in 2012, due largely to significant increases in the business privilege tax and real estate transfer tax. Click here to see the updated financials for the first half of 2013: http://www.radnor.com/egov/docs/1373299304_262725.pdf
2013 Budget: The 2013 budget required a 0% tax increase. Click here to see the final version of the 2013 budget: http://www.radnor.com/egov/docs/1358267803_3479.pdf
2012 CAFR (Comprehensive Annual Financial Report) Published Click here for the 2012 approved and final 2012 financial report: http://www.radnor.com/egov/docs/1372692543_295928.pdf
2012 Budget Passed: Click here to see the final version of the 2012: http://www.radnor.com/egov/docs/1323620035_43884.pdf . It contains a 3.02% increase in Township taxes. On a positive note, we also voted to begin funding some of our long term liabilities, which will help improve our long term financial stability.
2011 Budget On 12/13/10, we adopted our 2011 budget. You can see the final document by clicking here: http://www.radnor.com/egov/docs/1292299615_658569.pdf The budget contains significant cuts in spending (including a salary freeze, the elimination of 3 positions, increased staff contributions to health care costs, and all around belt-tightening in each department) , a 10% reduction in our funding to non-profits, and a 9 % tax increase. Nevertheless, you will notice that the budget still reflects an operating deficit, which is a serious, enduring issue that we are making progress on, but have not yet solved. On a more positive note, we have restored our fund balance to the required minimum. In addition, we have received restitution in the amount of $55,000 and an insurance payment of $500,000 for the losses we suffered due to the actions of our prior Manager, Dave Bashore. I want to note that our new staff, led by Manager Bob Zienkowski and Finance Director Bill White, did an extraordinary job in putting this budget together under extremely challenging circumstances. I have been tremendously impressed by their level of professionalism and expertise and look forward to their continued leadership in re-establishing our long term financial stability.
Citizens Audit Review & Financial Advisory Committee Appointed In the Township's efforts to continue to bring citizen participation in developing methods and techniques for success, the Board of Commissioners created the Citizens' Audit Review & Financial Advisory Committee (CARFAC) on February 14, 2011 (Resolution 2011-01). It is the expectation of the Board that members of the CARFAC share their expertise and serve as a network for educating the public on the Township's financial practices and objectives, while continuing to foster the trust and stable accountability between the Township and its stakeholders. The group will:
•Review the annual unaudited financial report submitted by the Administration
•Periodically review the process used to prepare interim financial information submitted to the Board of Commissioners
•Publicly review audit results (to include annual financial audits, pension audits, and any other mandated audit performed on the Township's finances)
•Assure that audit recommendations are appropriately addressed
•Report at least once annually to the Board of Commissioners in accordance with their responsibilities
The Citizens' Audit Review & Financial Advisory Committee is an additional layer to enhance the Township's effort to promote transparency in financial accountability and to ensure the appropriate and proper expenditure of taxpayer dollars.
For more information about the CARFAC and to see the current members, click here: http://www.radnor.com/department/board.php?fDD=10-314
Potential New Stormwater Program and Fee:
For over a year, the Township has been working hard to come up with a meaningful approach to our overwhelming stormwater needs. To that end, a Stormwater Advisory Committee (SAC) has met monthly with staff and our consultants, AMEC, to come up with proposals for a successful program. Click here to see the June 2013 progress report from that group: http://www.radnor.com/egov/docs/1372689854_562927.pdf
A proposed ordinance has been introduced to set up a fee system to fund the stormwater program. An informational mailing has been sent to all residents regarding this proposed program, and several educational programs have been arranged for residents to learn more about it. Click here to see the mailing and for information about those programs: http://www.radnor.com/egov/docs/1375991036_225372.pdf
The consultants we hired to assess our significant flooding and stormwater problems in Radnor have submitted their final report. It contains a plethora of recommendations along with corresponding estimated price tags. If you are interested, you can access it by clicking on this link: http://www.radnor.com/egov/docs/1311956792_445831.pdf
Home Rule Charter Update:
In the 2013 Primary Election, Radnor voters approved several important changes to our Home Rule Charter. To read the Charter provisions that were changed, click here: http://www.radnor.com/egov/docs/1368196664_116912.pdf We had appointed a citizen committee to take on the very important task of updating our Home Rule Charter, and their recommendations - as adopted by the BoC -- were put in front of the voters for approval. The text of the old Home Rule Charter can be found here: http://www.radnor.com/egov/docs/1304018685_894226.pdf