Each year Conway Council has the responsibility to enact a balanced budget. The budget details the revenues and expenditures the Borough expects to encounter during the course of the coming fiscal year.
The annual budget sets fiscal priorities and functions as a roadmap for management of the Borough through the year.
In the fall of each year, the Council Finance and Administration Committee meets multiple times and, along with other members of council and the department supervisors, prepares the next year’s budget.
The annual budget is broken into revenue and expenditure components for both the General and Water & Sewer Funds, which make up the total available monies for the coming year.
The Borough’s primary sources of revenue come from real estate taxes, wage taxes, license and permit fees, fines, interest earned, and state shared revenue, as well as other miscellaneous fees.
Budget expenditures are broken out by department and include details of all expenses, including purchases, salaries, and insurance.