1. WINFIELD TOWNSHIP 2016 BUDGET 2016-2022 CAPITAL IMPROVEMENT PLAN

2. Budget Overview  Total expenses: $662,979.00  Public works: $319,260.00  Stormwater: $20,000.00  Capital purchases: $37,000.00  Administrative: $124,099.00  Public safety: $31,300.00  Capital improvement fund: $25,000.00  Operating Reserve: $10,000.00  Total revenues: $663,141.00

3. Revenues  Property Tax, Earned Income Tax, Local Service Tax, and Cable Franchise Fee  Property Tax Rate  Proposed 5 mills (increase of 2 mills) will generate $136,610.00 (increase of +$50,000.00)  What is a Mill?  $1.0 for every $1,000.00 in assessed value.  In Winfield 1 Mill (on average) equals approx. $20.00 per year per tax card (this varies on assessed value).  1 Mill generates approx. $27,000.00 for the Township

4. Expenses  Notables increases  Stormwater: $20,000.00. up from $8,000.00  Equipment Maintenance: $20,000.00. up from $10,000.00  Snow removal materials: $80,000.00 + $10,000.00 from L.F.. Up from $75,000.00  Capital Purchases: $37,000.00. Up from $5,410.00.  Pick-up truck replacement  HTC and moon paver

5. Capital Improvement Plan  Purpose:  Allows for the systematic evaluation of all potential capital projects and purchases  Smooth out the ‘spike’ that will often occur as a result of these one time purchases  Tool to allow the public to better understand the vision for the Township as well project priorities.  Project revenues vs. expenditures further out than a1-year budget  Consistency with the comprehensive plan

6. Capital Improvement Plan  Funding Source  Regularly scheduled transfers from the General Fund  Years 1-5 (2016-2020) $25,000.00  Year 6 (2021): $35,000.00  Year 7+ (2022 +): $45,000.00  Increase come as current debt obligations mature

7. Capital Improvement Plan  More than just buying new equipment  Stormwater projects  2016: Jones Road (holl to stargrille), Cornplanter Road, Marwood Road, and Helmbold Ave.  Increase in funding for purchases will allow for more road maintenance projects because less money will go toward debt payments in the future.  Ability to ‘piggy-back’ projects with other municipalities/ PennDot.  Ability to outsource larger scale projects  Aids in building up an operating reserve