Report: Aspinwall finances look good
Aspinwall officials are encouraged with how the borough's finances look halfway through the year.
Tom Golden, auditor, presented a study of the borough's finances to council members last week. He told officials that expenses for various departments are close or slightly above 50 percent at the halfway point of the year.
“Overall budget-wise, we're staying close to where we want to be,” Golden said.
Golden said revenue is up 6.6 percent from last year, and expenses are down more than 1 percent from last year. Not needing a tax-anticipation note last year made for a better budget this year, he said.
“We're running better revenue and slightly better on the expense side,” Golden said.
The borough will need to continue improving its reserves to ensure that it can survive any emergencies that might come up in the future, “so that if we have something occur, we can handle it without crisis,” Golden said.
Councilman Kevin Gordon said the borough's finances are improving with reserves increasing and pensions strong.
“Things have gone very well the last couple years,” Gordon said.
Gordon asked council members to review the report and mark down any questions on budget items so those questions can be answered.
“We'll resolve that in the next couple meetings,” Gordon said.
Gordon said there were no red flags in the report but planned to use it to get a closer look at the finances of the borough.
“We're obviously way better than where we were three or four years ago,” Golden said.
Tom McGee is an associate editor for Trib Total Media. He can be reached at 412-856-7400, ext. 1513 or email@example.com.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.