Yearly Budget

2016 Balanced Budget

Revenues
Real Estate Tax 336,606
Deed Transfer Tax 30,000
Earned income Tax 275,000
Regional Asset Funds 14,000
Fines/Permits/Inspections 5,750
Interest Earnings
1,800
State Allocations
19,486
Liquid Fuels Allocations 46,029
Intergovernmental -14,192
Miscellaneous 13,080
Total 727,559
Expenditures
Administration 108,150
Library 23,336
Building/Phone and Fax 19,144
Public Safety
232,713
Roads 312,540
Insurance 21,795
Park/Recreation 1,300
Planning/P.R. 3,000
Other Expenses 1,500
Commissions/Tax Collections 4,081
Total 727,559
Financial Information

Bradford Woods Borough conducts a monthly review on their revenue and expenses to keep on track with the budget. The monthly reports serve to conduct a yearly trend analysis for the Borough. The Borough Manager is also the Treasurer and conducts the reports for Council as well as produces the yearly balanced budget. The Borough routinely evaluates ability to ensure that revenue is sufficient to maintain public infrastructure, i.e., road, water, sewer, stormwater (an asset management based budget system).