THE BOARD OF TRUSTEE MEETINGS FOR JUNE WILL BE HELD ON THE 4TH & 18TH AT 5:00 PM

Annual Finance Update

Keeping an eye on income and paying the bills can seem routine, but keeping a watchful eye on the process is the goal. The work of the finance department is one of the reasons township departments have kept expenses under their budgeted amounts in recent years.

All of the departments came in for praise recently when David Simko, township finance officer, briefly reviewed the year-end budget numbers.

Mr. Simko noted that the revenue side of each years’ township budget is pretty much set by the levies that support township operations, but that it is the expenditure side of the ledger which can be influenced by the managers and employees in each department.

“I think the departments did very well,”  he said, noting that each had stayed under 100 percent of spending allowed for in their budgets.

He added that over recent years everyone involved, from overall administration to department heads, to representatives the employees have developed a relationship of trust.

He said that keeping expenditures down is not only controlling large costs, but also employees and the finance department keeping an eye on lower-cost items over the course of a year

The general fund last year spent about $1.56 million, or 78.1 percent of its budget; road and bridge fund spent $2.23 million, for 76.3 percent, the police fund spent $7.32 million or 94.6 percent and the fire fund expended $8.06 million, 84.4 percent of its budget.

 

Written by: Mike Jones, Public Information Officer

Township Alerts Signup

Stay up to date with Sylvania Township!

 

Important Locations

View a map of our important landmarks and offices.

Scroll Up