Seven Fields expects 2022 budget surplus

November 18, 2021 Cranberry Local News


Advertisement | Advertise Here

Seven Fields will not raise its tax rate for 2022 as it maintains a relatively steady revenue and expense stream, according to the borough's preliminary budget.

The roughly $1.46 million budget includes an estimated $15,000 surplus, smaller than the $77,000 surplus projected for the remainder of this year.

In sum, the projected expenditures for 2022 are $3,000 lower than the 2021 budget, and just $54,000 higher than what the borough projects it will expend this year.

This comes despite 4% cost-of-living increases to borough office and public works employees and a 4.5% increase in health insurance costs.

In addition to the general fund budget, the borough's capital reserve projects budget includes roughly $443,694 in expenses to fund capital projects. These expenses are primarily funded via an annual transfer of funds from the general fund.

The largest expenditure from the capital reserves is $215,000 to repave Brookside, Sycamore and Warrick drives; Blackburn and Hampton courts; and Aspen, Mosside and Stoney Creek lanes as part of the borough's 10-year road resurfacing program.

Additionally, Seven Fields plans to spend $51,694 in renovating the Town Park Pool, including bathrooms, locker rooms and the concession stand; $50,000 to install decorative brick crosswalks on Northridge Drive; and $35,000 to rebuild “Welcome to Seven Fields” signs on Cumberland Drive.

The borough also touted its planned $20,000 expenditure for five pedestrian crosswalks with signage as part of its traffic calming program.

Seven Fields will also receive about $143,000 from the American Rescue Plan Act. It plans to spend $51,640 of those funds on Evans City-Seven Fields Regional Police Department expenses and utilize the saved money from the general fund to pay for the pool renovations.

With the remainder of the funds, the borough projects it will complete Phase 3 of the waterline project on Forest and Hillvue drives; replace 20 broken water curb boxes and 20 broken water valves; complete Phase 3 of the borough's municipal separate storm sewer system and stream bank stabilization project; and replace roughly 100 water meters to new, digital technology.

The borough's water budget, which is funded solely via the sale of water to residents and businesses, will take in $917,529 while expending just $847,097, for a surplus of $70,432. That's roughly half of this year's projected surplus of $144,166.

Share this article: