At the halfway point in Sylvania Township’s year its budget is in good shape, according to David Simko, the township’s fiscal officer.
Revenue for each of the four main budget categories is above 50 percent of what was expected and expenditures are below 50 percent of budgeted totals.
The increase in expected revenue, after six months, Mr. Simko said is a result of an increase in county tax collections.
Keeping spending under 50 percent at the halfway point, he said, is the result of diligent department heads and all employees using discretion when spending on behalf of the township.
“I think everyone has bought into the idea that it is taxpayer money. We need to be careful with it,” he said.
In terms of revenue, the general fund has received $848,314 (52.8 percent of the amount anticipated); the road and bridge fund has received $1,363,476 (55 percent of what was expected; the police fund has gotten $4,072,668 (53.8 percent of anticipated revenue and the fire fund has gotten $5,841,322 (50.98 of what was expected.
Expenditures from the general fund were for the six months, $860,314 (42.3 percent of what was budgeted), the road and ridge fund spent $915,271 (40.2 percent of its expected costs), the expenditures from the police fund were $3,588,837 (47 percent of what was anticipated) and the fire fund had expenditures of $5,841,322 (48.4 percent of its budget).
Mr. Simko noted that in the budget process senior township officials keep projected expenses tight.
He said he is aware of some places where projected costs can be inflated so that it is easy to stay within the budget.
“We don’t do that. We make sure the budget adopted for the year is careful with spending and realistic.
“Because of that, I think keeping within the budget shows how important department heads, and all of our employees, take budgetary responsibility.
“They’ve all done a good job,” he said.
Written by: Mike Jones, Public Information Officer
Posted: July 25, 2022
Stay up to date with Sylvania Township!
View a map of our important landmarks and offices.