The Township of Salem has released a concise financial statement detailing its funds for the year ended December 31, 2025. The statement includes information on cash and investments totaling $2,817,395, fund balance changes, revenues received from various sources like taxes, licenses, fines, and intergovernmental revenues, as well as expenditures on general government, public safety, public works, and more. The fund balance at the beginning of the year was $2,469,094, with a change of $348,301, resulting in an ending fund balance of $2,817,395. The financial statement was prepared by Bradly T Murray CPA LLC and is available for public review to understand the financial health and allocation of funds within the Township of Salem.
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Original public notice (excerpt):
TOWNSHIP OF SALEM CONCISE FINANCIAL STATEMENT ALL FUNDS AS OF AND FOR THE YEAR ENDED DECEMBER 31 2025 Cash and investments 2 817 395 Fund balance 2 817 395 1 112 557 Revenues received Taxes all sources RE Assessed Value 805 089 168 Licenses permits 16 803 Fines forfeits 5 263 Interest rents royalties 138 116 Intergovernmental revenues 234 596 Charges for service 93 146 Unclassified operating revenues 76 336 Other financing sources 15 031 Total revenue 1 691 848 Expenditures paid General government 159 578 Public safety 97 165 Public works 767 085 Culture recreation 27 912 Employer paid benefits withholding items 241 047 Insurance 35 728 Unclassified operating expenditures 15 032 Total expenditures 1 343 547 Change in fund balance 348 301 Fund balance beginning 2 469 094 2 817 395 Fund balance ending Bradly T Murray CPA LLC HP 43557288… [Source]