FINANCIAL PLANNING COMMITTEE

TUESDAY SEPTEMBER 16, 2003


Approval of Minutes: On motion of member Fidler, seconded by member Vance and approved by all members present, except Ryan O'Keefe who abstained due to absence, minutes of the meeting held on September 16, 2003 were approved as presented.


The Newtown Township Financial Planning Committee met on Tuesday, September 16, 2003 in the meeting room of the Township Municipal Building.

Members present were Allen R. Fidler, III; Phil Vance; Richard Weaver; Elaine M. Gibbs and Robert Pellegrino, Township Manager.

Call to Order

Chairman Weaver called the meeting to order at 8:10 A. M.

Approval of Minutes

Minutes of the meeting held on August 19, 2003 were approved as submitted by motion of member Vance, seconded by member Fidler and approved by all members present.

Township Manager Pellegrino stated that it was not possible to secure a “rate-lock” for a bond as proposed at the August meeting.

Members discussed recommendations received from the Park & Recreation Department relating to further development of park grounds and equipment. The Code Enforcement Department requested investigation into purchasing a Wide Carriage Scanner/Copier. Finance Director Gibbs discussed the electronic imaging system be considered for record storage, it was also noted that the system would be compatible with the accounting system now in use.

Manager Pellegrino discussed arrangements necessary for the move of the Public Works Department to the present Pole Barn area should construction be approved and begin in 2004.

He further reported on possible moves of the Emergency Services Department, the Technology department and requests by the Police department for new equipment.

He reported that the appraisal for the ten (10) acres, which are being considered as a purchase from the Archdiocese of Philadelphia (which would allow expansion), has been received.

A brief discussion related to the Debt Service Account, possible increased millage, and revenue from the Earned Income Tax.

Manager Pellegrino stated the proposed 2004 Capital Budget Expenditures would be presented to the Board of Supervisors at a Work Session scheduled for Monday, October 20, 2003.

Adjournment

As there is no further business to come before the Committee, the meeting was duly adjourned.

 

Respectfully submitted,

 

____________________
Ethel K. Hibbs, Secretary