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2021 Preliminary Budget Released, Public Hearing Scheduled
 
Posted on Wednesday November 25, 2020
 
On November 18, 2020, the Board of Commissioners adopted the 2021 Preliminary Operating and Capital Budgets and scheduled a Public Hearing for December 16, 2020 to consider adopting the Operating and Capital Budgets for 2021.
 

NOTICE

NOTICE IS HEREBY GIVEN that the Board of Commissioners of Cheltenham Township, Montgomery County, Pennsylvania, will conduct a Public Hearing on Wednesday, December 16, 2020, at 7:30 p.m. (prevailing time) at Curtis Hall, 1250 West Church Road, Wyncote, Pennsylvania, to receive any and all comments and questions, written and oral, of the public prior to considering and possibly voting to adopt Ordinances adopting the Operating and Capital Budgets for the Year 2021 based on the 2021 Preliminary Operating and Capital Budgets, adopted by the Board of Commissioners on November 18, 2020, pursuant to the provisions of the Home Rule Charter, Section 1205, as follows: 

2021 GENERAL FUND BUDGET SUMMARY

REVENUE

Real Estate  
  ~ Current Year    $17,275,466 
   ~ Prior Year  
 $300,000
 Licenses & Permits 
  $831,350
 Fines & Forfeits    
 $211,500
 Interest & Rentals
 $70,000
 Grants & Aids  
  $1,236,263
 Departmental Earnings   
 $5,767,334
 Act 511 Taxes
 $11,923,000
 Miscellaneous Revenue   $1,691,288
Total Estimated Revenue  
 $39,306,201

EXPENDITURES

Administration
 $1,667,606
Streets & Bridges
 $1,666,033
Street Lights and Traffic Signals
 $434,370
Stormwater Management
 $334,587
Refuse
 $1,915,386
Police  $9,248,162
Parks & Recreation
 $1,694,886
Swimming Pools
 $292,560
Township Buildings       $282,726
Treasurer and Tax Collector   $105,575
Fire 
 $1,442,742
Planning & Zoning 
 $469,140
EMS and Emergency Management      
 $1,217,608
Debt Service
 $689,526
Libraries 
 $1,729,250
Miscellaneous Administration 
 $16,116,044
Total Estimated Expenditures
   $39,306,201

2021 CAPITAL BUDGET SUMMARY

INCOME

Estimated Cash and Investments  
 $2,132,676
Estimated Income:
 
  ~ Amounts Provided by Others
 $5,509,725
  ~ Amounts Provided by Borrowings  
 $10,000,000
  ~ Amounts Provided by Assessments
 $0
  ~ Transfer Amounts 
 $2,782,699
Total Estimated Cash and Receipts  
 $20,425,100

EXPENSES

2021 Project Costs
 $12,482,183
Estimated Cash Balance at Year End 
  $7,942,917


Copies of the full text of the proposed ordinances and the 2021 Preliminary Operating and Capital Budgets can be found on the Township's Budget webpage.

Zoom web conferences are accessible by telephone, smartphone, tablet or personal computer. Details for logging in and/or dialing into the meetings are available on the Cheltenham Township website no later than the close of business on Friday, December 11, 2020.


CHELTENHAM TOWNSHIP
BOARD OF COMMISSIONERS

Robert A. Zienkowski
Township Manager

 
 
Cheltenham Township   ~   8230 Old York Road   ~   Elkins Park, PA 19027
Hours: Monday-Friday, 8AM-4:30PM
Phone: 215-887-1000   ~   Fax: 215-887-1561
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