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Concord Township reports Q2 finances; ARPA projects moving with some cost overruns on capital work
Summary
Finance director presented second‑quarter figures showing general fund revenues at 54% of budget and operating expenditures at 51% year‑to‑date. The township reported ARPA projects are largely obligated and identified several capital projects that are over budget, including Smithbridge Road roundabout right‑of‑way costs and pump station upgrades.
Dana, the township finance representative, presented the second‑quarter financial report at the July 1 Concord Township Council meeting.
Key figures: general fund revenue year‑to‑date is $2,222,345 (54% of anticipated budget); real estate collections total $1,838,968 (94% of budget). Current operating expenditures year‑to‑date are $2,121,550 (51% of anticipated budget). Dana said increased permit activity and revenues from Encompass Health helped offset other variances.
ARPA and capital projects: the township confirmed its final…
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