In accordance with Radnor Township's Home Rule Charter, the Township administration submits and presents annually to the Board of Commissioners a proposed comprehensive budget for the ensuing fiscal year, comprised of a proposed operating budget and a proposed 5 year capital program.
The operating budget includes an appropriation budget for all Township funds for the year, an updated five year capital improvement plan, and an updated five year financial forecast which projects revenue and expense outcomes. It is important to note that the legal requirement of adopting appropriations is limited to the upcoming budget year figures only. The forecast information is for informational and decision making purposes only.
The process used to develop the Board Adopted Comprehensive Budget includes a comprehensive look at all the financial areas of the Township’s operations, levels of service, capital needs, and resource availability. The Board of Commissioners hold various public hearings in October and November where they hear from members of the public, community organizations, and Township Staff before voting on the final budget ordinance December.