Act 13 Impact Fees

Unconventional Gas Well Fund Usage Report
Act 13 Impact Fees

How Nottingham Township used the Impact Fees Fund monies

 

Act 13 Impact Fees Fund
Interest Amount End of year
Year Received Earned Available Expended* Balance
2012 $56,953.90 $16.38 $56,970.28 $0.00 $56,970.28
2013 $57,662.22 $74.19 $114,706.69 $57,000.00 $57,706.69
2014 $73,292.46 $102.96 $131,102.11 $82,700.00 $48,402.11
2015 $77,290.34 $95.14 $125,787.59 $40,000.00 $85,787.59
2016 $130,573.60 $280.28 $216,641.47 $112,000.00 $104,641.47
2017 $139,340.01 $488.09 $244,469.57 $101,164.75 $143,304.82 as of 12/31/17
* Funds were used to:
2013 $57,000.00 Help pay for Kenworth Dump Truck ($95,000+)
2014 $82,700.00 Help pay for 2014 Dodge Truck ($83,950) & Youngblood Paving ($54,771)
2015 $40,000.00 Help pay for Backhoe ($67,613)
2016 $112,000.00 Help pay for Massey Tractor & Mower ($104,929) and Public Works Bldg. Expansion
2017 $101,164.75 Help pay for P.W. Expansion ($82,264.48) and Loan Payments ($68,400)


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