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Township finance director reports stronger-than-expected revenue, ARPA project progress and budget timeline
Summary
Finance Director Dana reported Sept. audit prep is complete, year-to-date operating revenue at about $3.46 million (84% of budget), operating expenditures at $3.43 million (82% of budget), ARPA project completion status and upcoming budget hearing dates.
Concord Township’s Finance Director provided the council with quarterly financial highlights at the Oct. 7 meeting, including year-to-date revenue and expenditure figures, grant reimbursements and next steps for the 2026 budget.
"Audit preparation field work for the 2024 annual audit is complete," Dana said. The township has submitted required reports to the state and is awaiting pension-reporting inputs required under GASB 68 from the Pennsylvania Municipal Retirement System; those reports were expected by year end to allow auditors to finalize the governmental financial statements.
Dana reported year-to-date general-fund operating revenue of $3,463,000, representing about 84% of the projected budget, and operating expenditures of $3,433,669, or about 82% of anticipated budget. The report attributed stronger revenue performance to robust commercial real-estate activity that increased realty transfer tax receipts and higher permit-fee collections tied to construction.
Included in the accounts payable this month is the Commonwealth of Pennsylvania’s 2025 volunteer fire relief remittance of $206,566 payable to the Concordville Fire and Protective Association.
On American Rescue Plan Act (ARPA) projects, Dana said the township’s ARPA allocation was $1,882,968; six of eight projects are complete and two are on track for year-end completion, with approximately $140,000 remaining to support stormwater-management work. For capital projects, five of 11 are grant-funded and $964,480 in reimbursements have been received year to date.
The township will post a draft of the 2026 fiscal-year budget and five-year capital plan for public review by Nov. 1. A public budget meeting is scheduled for Nov. 11, and final review and adoption are set for Dec. 2.
