The 2017 fiscal year will begin with a Fire Equipment Capital Fund balance of approximately ($449,876). The Fire Equipment Capital Plan covers nine pieces of primary apparatus possessed by the Township's three volunteer fire companies. In 2017, General Improvement Fund expenditures for capital projects are budgeted at $4,588,750. The General Improvement Fund is used by Lower Paxton Township to fund one-time capital projects. At this time, the fund balance is in accordance the minimum threshold of 25% of annual expenditures, as established by policy of the Board of Supervisors. This fund balance provides for cash flow needs, emergencies, and for significant capital projects undertaken through the General Improvement Fund. The General Fund balance on Decemwas $8,420,649. In 2017, the State Aid Fund expects revenues and expenditures of $1,503,880. From this fund, the Township deposits and expends its annual allocation of state tax revenues on liquid fuels for maintenance and construction of local roads. The State Aid Fund has been established in accordance with the PA Liquid Fuels Tax Act 655 of 1956 and exists as a sub-component of the General Fund.
This budget is based upon a real estate tax rate of 1.950 mills. In 2017, budgeted General Fund revenues and expenditures are balanced at $23,331,356.
By law, this fund operates on a calendar year basis, and the budget for this fund is balanced. The General Fund is the primary operating fund for Lower Paxton Township.
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