The Township of Palmyra in Wayne County has released a concise financial statement detailing its financial status for the year ending December 31, 2025. The statement includes information on cash, investments, assets, liabilities, fund balance, revenues received, and expenditures paid. Total assets amount to $351,878, with total liabilities and fund balance matching this figure. Revenues received total $378,525, while expenditures paid amount to $419,152, resulting in a negative change in fund balance of $40,627. This financial overview is crucial for residents and stakeholders to understand how public funds are managed and allocated within the township, impacting services and future financial planning.
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Original public notice (excerpt):
TOWNSHIP OF PALMYRA - WAYNE COUNTY CONCISE FINANCIAL STATEMENT - ALL FUNDS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2025 Cash and investments $ 351,756 Other current assets 122 Total assets $ 351,878 Payroll taxes & other payroll withholding $ 8 Total liabilities 8 Fund balance 351,870 Total liabilities & fund balance $ 351,878 Revenues received: Taxes-all sources (RE Assessed Value $209,779,005) $ 223,295 Licenses & permits 11,511 Fines & forfeits 2,160 Interest, rents & royalties 3,285 Intergovernmental revenues 78,569 Charges for service 41,468 Unclassified operating revenues 514 Other financing sources 17,723 Total revenue 378,525 Expenditures paid: General government 81,121 Public safety 147,820 Health and human services 456 Public works 161,968 Employer paid benefits and withholding item 1,658 Insurance 13,864 Other financing uses _ 12,265 Total expenditures 419,152 Change in fund balance (40,627) Fund balance, beginning 392,497 Fund balance, ending $351,870… [Source]