Lower Providence Township’s Finance Strategy

Following a four year general budget deficit paired with financial scrutiny the Lower Providence Township had to declare the problems they were having and decide how to go about changing them.

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Following a four year general budget deficit paired with financial scrutiny the Lower Providence Township had to declare the problems they were having and decide how to go about changing them. To alleviate this reoccurring issue the Township Finance Committee implemented a series of three self-monitoring financial tests which aimed to spot favorable or unfavorable variances in revenues and expenditures, compare the current general fund balance to its appropriate benchmark and assess the financial forecast for the end of year picture. The program has been nominated for the 2016 Local Government Excellence Awards in the category of Strategic Leadership & Governance (populations of 10,000 – 49,999).

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