FINANCIAL PLANNING COMMITTEE

TUESDAY OCTOBER 21, 2003


DRAFT - SUBJECT TO AMENDMENT BY FINANCIAL PLANNING COMMITTEE UNTIL APPROVED


The Newtown Township Financial Planning Committee met on Tuesday, October 21, 2003 in the meeting room of the Township Municipal Building, 100 Municipal Drive, Newtown, Pa.

Members present were Chairman Richard Weaver, Elaine M. Gibbs, Phil Vance, Allen Fidler, III, and Ryan O'Keefe.
Member Robert Dieterle was excused.

Call to Order

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

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.

Old Business

Chairman Weaver interpreted items in the Proposed 2004 Township Budget, noting that a reply from the Philadelphia Diocese of the Catholic Church is anticipated regarding the purchase of three parcels of ground for a proposed new municipal building. The expected purchase will be paid with funds in the Reserve Account.

The Chairman reviewed progress relating to the sale of The Melsky Tract which is in Newtown and Upper Makefield Townships and is currently owned by the Council Rock School District.

Other Capital Expenditures in the present budget and proposed to be included in the 2004 Budget were reported on by Chairman Weaver and Finance Director Ms. Gibbs.

Up-grades and installation of new traffic signals in various intersections of the Township were noted.

A brief discussion focused on the Park & Recreation Department revenues and expenditures. An expenditure of $30,000. is listed to be spent partially in 2003 and 2004 for a Comprehensive Plan for the Woll Tract.

Information was shared by Chairman Weaver about recent discussions relating to installation of lights on ball fields.

Member Weaver related early discussion by Board of Supervisor members regarding improvements to the Clark House as a possibility to rental of same.

Chairman Weaver stated his preference to solicit financial support from Developers to complete certain projects in the Township, perhaps as "in-kind" work. He cited parking lot improvements/installation as one example.

He noted requests increasing among residents for fields dedicated to soccer and lacrosse program.

Silver Lake Park

Chairman Weaver related that $25,000. is in Township funds for the design and development of a trail extension at Silver Lake Park. The design phase will be completed in 2004.

He noted drainage work must be planned for Chandler Fields and Randle Park. The need to purchase in-field mix is critical in these areas.

Acme Site

There are two years remaining on the lease with the Acme site.

Imaging System

Finance Director Gibbs stated the "imaging system" grant funds in the amount of $25,000. have been assured.

The 2004 Budget projects are expected to be approved allowing for the purchase of a new vehicle for the Fire Marshal, new Police Department vehicles and some puchases for the Public Works Departments. Some of  the new purchases will be supported by funds in the Liquid Fuels Account.

She noted that a recent amount of $26,000. had been received for recycling in the township.

Adjournment

There being no further business to come before the Committee, the meeting was duly adjourned.

Respectfully submitted,

 

____________________
Ethel K. Hibbs, Secretary