The City of Lower Burrell isn’t in financial distress — nor is it headed that way — but city officials are considering applying for a program to stay proactive in their financial planning and management.
Bethany Williams, a local government specialist from the Pennsylvania Department of Community and Economic Development, spoke to council Monday about the Strategic Management Planning Program.
The initiative is an opportunity for the city “to take a leap forward, not just a step forward,” Councilman Chris Fabry said.
The program, according to Williams, is a useful tool for municipalities seeking to improve their financial positions.
The program would award grants up to $200,000 for 50% of the total project cost, and the locality would provide a 50% match. It also provides a comprehensive study of economic development opportunities in those municipalities, she said.
Council would need to formally applyto the program, and Fabry said he plans to bring the matter up for discussion at June’s meeting.
“I think this is a good opportunity for Lower Burrell, and we’d be wise to take advantage of it,” he said.
Williams said the program implements goals and objectives to address financial difficulties and engages the local government in studies and improvements to aid decision-making regarding finances and management.
It implements a system of multiyear revenue and expenditure trends that allow municipalities to anticipate and plan for future financial circumstances. It also provides recommendations to enhance efficiency and productivity of financial and human resources.
If Lower Burrell moves forward with the program, the city would hire an independent consultant to conduct a financial review and management audit. The results would be used to develop a draft plan to be presented for public input and adoption, Williams said.
“The final plan really should be specific for your needs,” she said.
