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MILLCREEK TOWNSHIP SEWER AUTHORITY
2009/2008 AUDIT
Click here to view or download the 2009 audit. (1-3 min. download time)
2011 OPERATING BUDGET
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2010 BUDGET
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2011
BUDGET
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REVENUES
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CURRENT YEAR ASSESSMENTS
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$1,131,000
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$0
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LIEN INCOME
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120
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360
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MANAGEMENT FEE - MILLCREEK TOWNSHIP
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670,000
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670,000
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LEASE RENTAL PAYMENT (DEBT SERVICE)
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1,011,223
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1,102,537
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DEVELOPER FEES
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4,500
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2,000
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INTEREST EARNED - CHECKING
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40,080
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19,200
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INTEREST EARNED - ASSESSMENTS
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18,000
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24,000
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INTEREST EARNED - NOTES RECEIVABLE
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120
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0
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ACT 537 REIMBURSEMENT
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0
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0
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REIMBURSEMENTS - SUMMIT TOWNSHIP
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169,930
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148,195
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REIMBURSEMENTS - FAIRVIEW TOWNSHIP
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28,550
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28,550
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PROJECT REIMBURSEMENTS
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0
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457,500
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OTHER INCOME
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1,500
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1,500
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TAPPING FEES
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30,000
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30,000
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TOTAL REVENUES
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$3,105,023
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$2,483,842
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EXPENSES
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PERSONNEL
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SALARIES & WAGES - ADMINISTRATION
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$328,000
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$292,334
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SALARIES & WAGES - OPERATING
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59,450
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89,934
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FICA
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23,440
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22,623
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MEDICARE
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5,850
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5,695
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UNEMPLOY COMP
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650
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1,606
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GROUP INSURANCE
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71,752
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52,000
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PENSION CONTRIBUTION
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44,250
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45,578
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WORKERS COMPENSATION
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1,320
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1,015
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$534,712
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$510,785
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MATERIALS & SUPPLIES
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OFFICE SUPPLIES & EXPENSES
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$10,350
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$11,420
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POSTAGE
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3,730
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3,730
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OPERATING SUPPLIES & EXPENSES
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31,165
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32,000
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MAINTENANCE SUPPLIES
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750
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750
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MINOR EQUIPMENT & TOOLS
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120
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120
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$46,115
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$48,020
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OTHER SERVICES & CHARGES
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LEGAL FEES
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$22,560
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$12,000
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ACCOUNTING & AUDITING FEES
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7,500
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8,400
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ENGINEERING FEES
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3,000
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3,000
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DUES & SUBSCRIPTIONS
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1,350
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1,500
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SEMINARS & TRAINING
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5,400
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4,020
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TRAVEL & MILEAGE
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6,070
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4,980
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COMMUNICATIONS
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5,250
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6,850
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VEHICAL EXPENSES
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11,065
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8,050
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UTILITES
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5,920
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5,920
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CONTRACTED MAINTENANCE
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118,500
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100,000
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INSURANCES
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25,170
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25,375
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ADMINISTRATIVE EXPENSES
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17,840
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6,000
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RENT
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46,576
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46,576
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MISC. SERVICES & CHARGES
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540
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540
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CLEAN WATER FUND
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1,000
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1,000
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$272,356
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$238,811
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CAPITAL EXPENSES
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SEWER SYSTEM IMPROVEMENTS - BONDS
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$0
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$0
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SEWER SYSTEM IMPROVEMENTS - OPERATING
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1,995,020
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3,070,000
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LAND & BUILDINGS
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0
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0
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MACHINERY & EQUIPMENT
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6,000
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25,000
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OFFICE EQUIPMENT & EXPENSES
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1,000
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1,000
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$2,002,020
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$3,096,000
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DEBT SERVICE
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DEBT SERVICE PAYMENT - FNB LOAN
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$85,000
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$93,707
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| DEBT SERVICE PAYMENT - 2002 BONDS |
427,035
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427,405 |
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DEBT SERVICE PAYMENT - 2004 BONDS
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584,188
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581,425
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$1,096,223
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$1,102,537
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TOTAL OPERATING EXPENSES
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$1,949,406
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$1,900,153
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TOTAL EXPENSES
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$3,951,426
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$4,996,153
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NET INCOME/(DEFICIT) (INCLUDING BOND PROJECTS)
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($846,403)
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($2,512,311)
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