Franklin Park Borough Finances as of Aug 31, 2010
Franklin Park Borough has the following cash accounts as of Aug 31, 2010:
Unrestricted Accounts $2,486,866.58 (includes $43,415.45 from $52 Local Service Tax)
Restricted Accounts $ 503,156.15
Enterprise Accounts $ 663,793.92
Escrow Accounts $ 341,576.63
Total (Money in the Bank) $3,995,393.28
Net Expenditures over income for the balance of the year are $1,873,158.17 leaving a cash balance of $613,708.41 in Unrestricted Accounts. Add the overage of $250,096 from beginning of this year and another $350,000 overage expected at the end of this year and we will begin the year 2011 with a very comfortable cash position of well of $1.2 Million compared to the starting cash this year of $400,000 .
Unrestricted Accounts $2,486,866.58 (includes $43,415.45 from $52 Local Service Tax)
Restricted Accounts $ 503,156.15
Enterprise Accounts $ 663,793.92
Escrow Accounts $ 341,576.63
Total (Money in the Bank) $3,995,393.28
Net Expenditures over income for the balance of the year are $1,873,158.17 leaving a cash balance of $613,708.41 in Unrestricted Accounts. Add the overage of $250,096 from beginning of this year and another $350,000 overage expected at the end of this year and we will begin the year 2011 with a very comfortable cash position of well of $1.2 Million compared to the starting cash this year of $400,000 .
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