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Five-Year Operating and Capital Budget

State of Pennsylvania - 2010 - PA Governor's Award for Local Government Excellence

Summary

In 2009, Trappe Borough Council created a five-year operating and capital budget, one of an exceptionally few municipalities in the tri-state region to adopt a multi-year budget.

Description

In 2009, Trappe Borough Council created a five-year operating and capital budget, one of an exceptionally few municipalities in the tri-state region to adopt a multi-year budget.

The Trappe Borough Five-Year Budget provides residents and elected officials with better information. The Five-Year Budget allows the community to better address tomorrow's challenges today. The Five-Year Budget lets residents know their elected officials are thinking about the future of Trappe Borough.

The Trappe Borough Five-Year Budget has produced immediate results. The Five-Year Budget provides Borough residents with better information. Whereas numbers dominated previous year budgets, words (in specific narratives) are central to the Five-Year Budget. These narratives were penned with the layman in mind, employing terms that are clear, concise and easily understood by persons without local government expertise.

The Five-Year Budget provides Borough Council with better information. When discussing multi-year projects, Council can "plug-in" projected expenses to gauge the impact on future budgets. This has helped to prioritize potential undertakings, giving Council the means to distinguish "must do" projects from "may do" projects.

The Five-Year Budget prompts the Borough to stay proactive. How much will the street light electric bill increase when rate caps expire in 2011? Will earned income tax revenues be affected when Act 32 takes effect in 2012? Will the Borough have the money needed to construct a baseball field in 2013? Previous year budgets answered only those questions pertaining to that year's budget. The Five-Year Budget begins the discussion of tomorrow's challenges today.

And better still... the budgets for the first four years are balanced!

info info
Tags: Accountability/Open Government/Transparency, Finance, Government and Politics, Government Performance and Management





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