JACKSON TWP — The township received some promising news Monday morning.

Township supervisors were given an audit report by Cottrill Arbutina, an accounting service in Beaver County, which showed the township is growing in revenue and operating within its 2016 budget.

“The audit for the year went very well,” said John Ellsworth, a Cottrill Arbutina shareholder.

The township’s total assets in 2015 were at $10.96 million, a $4.35 million increase from 2014.

Total revenues also increased from about $2.94 million in 2014 to about $4.62 million last year, a 57 percent increase.

“The increase in revenues is partially due to increased revenue from transfer taxes and earned income taxes,” the audit states.

Ellsworth said the growth in assets can be attributed to the township’s road projects last year and its impact fee initiative approved in 2014. The latter allows the township to seek money from developers that primarily will go to road work and infrastructure improvements.

“Those couple of things made 2015 a lot different that the earlier years,” Ellsworth said.

Some of the more major developments that have been built or are planned for the township include the FedEx distribution center on Tomlinson Road, Jackson’s Pointe development, a MarkWest Energy plant and a 42-acre retail development by Plunkett Motor Freight Rentals.

The fees are established based on the impact the new business will have on the roads.

The audit states the township increased its revenues last year by about $855,100 because of the impact fees.

Expenses also increased, though at a slower rate than revenues, from about $2.25 million in 2014 to about $3 million in 2015. The audit states this is mainly due to increases in wages and insurance premiums in general government and public safety.

Ellsworth also said for a township like Jackson to continue its success, it needs to prepare for the future.

“It’s important for a township that’s growing that you are looking at what is coming down the road and plan for that,” he said. “The fact that you are building assets through such things as the impact fees, you are accumulating assets that can be used to address those needs.”

Township officials expressed delight at the report’s results.

“We had two options, raise tax rates or raise tax revenue,” supervisor Ron Lutz said about the township’s plans in past years. “Raising revenue has always been the route to go.”

“This is wonderful,” planning commission chairman Jay Grinnell said. “This is encouraging business.”