A brief guide to Finance at Ferguson Township

Date: January 10, 2019

How much do you know about Finance at Ferguson Township? Such as the amount of our operating budget, the Township's debt load, how often we raise taxes, how many the Township employs, and who collects real estate versus income taxes? 

Here is a brief guide with answers to these and other questions, by the numbers:

Employer
Ferguson Township employs 65 - 70 full- and part-time staff. Of these, the Finance Department employs 3.5 full-time employees, including the Finance Director, an accountant, and two finance assistants.

Budget
The Township's annual operating budget is approximately $15 million, depending on the amount of capital projects for any one year.

The Township has sufficient fund balances to operate efficiently and take advantage of opportunities as they arise.  

Debt
The Township currently has no direct debt.  The last debt payment was made in 2017. The Township does have a share of debt through the Centre Region Council of Governments (COG) and through Centre Region Parks and Recreation (CRPR) for the cost of regional pools and parks.

Taxes
The Finance Office collects Township residents' real estate taxes for the school district and for Ferguson Township. 

Centre County collects its own real estate taxes.

Centre Tax Agency at the Borough of State College collects income taxes
.
2005 was the last year that Ferguson Township raised taxes.

Payroll and Pensions
Ferguson Township has one defined benefit pension plan for its police officers.  As of the most recent actuarial study, January 1, 2017, the plan is 84 percent funded.

The Township's payroll and human resources are managed through the Keystone Payroll Company, a local payroll services provider.

Software and Document Management

The Finance Department uses the Springbrook financial software, a robust modular package with sound audit trail and security features, and hosts it at the Township.  

A project in progress is the Laserfiche document management system, which would give our residents the ability to complete permits and other applications through our website directly, rather than submitting PDFs by email. The Township aims to implement this Laserfiche feature this year.  

Stay tuned.

Feel free to contact the FInance Department with any questions you have. Call us at (814) 238-4651.