NEWTOWN TOWNSHIP FINANCIAL PLANNING COMMITTEE

100 MUNICIPAL DRIVE, NEWTOWN, BUCKS COUNTY, PA 18940

Internet: http://www.twp.newtown.pa.us

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Minutes for the meeting held on April 24, 2012

The Newtown Township Financial Planning Committee met on Tuesday, April 24, 2012 at the Newtown Township Administration Building.

Members present were Aaron Borstein, Warren Dallas, Robert Daries, Rick Fuerman, Scott Rosenberg and Brian Wilson. Excused were Joe Barkley, Tom Dye and Neil Poppel.

Also present was Finance Director Elaine Gibbs.

CALL TO ORDER:

Mr. Dallas called the meeting to order at 7:33 P.M.

INTRODUCTION OF NEW MEMBER

Mr. Dallas introduced Mr. Fuerman to the Committee. Mr. Fuerman advised that his family has resided in Newtown for the past four years and that he is the Vice President, Director of Channel Marketing for Transamerica Retirement Services. The members welcomed Mr. Fuerman.

MINUTES OF FEBRUARY 28, 2012:

Mr. Borstein made a motion to approve the minutes from February 28, 2012 as presented. The motion was seconded by Mr. Daries and passed unanimously with three members abstaining due to absence (3-0-3).

OLD BUSINESS:

Update on MuniCast

Mr. Rosenberg updated the members with regards to the MuniCast progress. It was agreed to move forward and have MuniCast develop a forecasting budget containing information from 2009 – 2016.

Mrs. Gibbs advised that MuniCast does not have the Township’s financials for December of 2011and questioned if she should forward Mr. Swanson that information. Mr. Rosenberg stated that he felt it was okay to send the information.

Mr. Rosenberg updated the members on the research done by Mr. Borstein and himself with regards to the economic indicators and the project given to Mr. Swanson. He advised that he would follow up with Mr. Swanson this week.

Mr. Wilson inquired if existing MuniCast users have been contacted. Mr. Rosenberg and Mr. Borstein advised on their research and discussions with Mr. Swanson.

The members discussed the system with regards to indicators and the ability to manipulate the data.

Mrs. Gibbs commented on the need to simplify the information allowing for the ease of the reader’s understanding.

Update on Research Regarding Possible Grants Available/Alternative Revenue Sources

Mr. Dallas updated the members with regards to the grants available to emergency services; he provided documentation for the members review.

The members discussed using interns to focus on researching grants available to the Township.

Update on Road Maintenance Presentation to the Board of Supervisors

Mr. Dallas updated the members on the presentation to the Supervisors. He feels that the Supervisors do understand the issues and that more capital funds are needed to move forward.

NEW BUSINESS:

Discuss Goals for 2012 and 2013

The members began discussing possible goals for 2012 and 2013.

Mr. Daries commented on a prior goal being to create a formal standard for departments to present capital budget requests. Mr. Dallas discussed the form that was created last year.

It was agreed that another goal would be to continue developing the MuniCast report.

Mr. Dallas suggested developing a ranking system for capital budget requests.

Mrs. Gibbs suggested an important goal be to look into alternative funding and grants available for capital projects.

Mr. Dallas reviewed the Committee’s past goals for 2010/2011; most of which have been completed or removed.

Begin Discussing 2013 Budget

The members discussed when the review process for the departments’ 2013 Capital Budget requests should begin.

Mrs. Gibbs commented on the new Township Manager starting in July as suggested waiting to speak with him. She felt the review process may not begin until August.

Mr. Dallas advised that he would email Mr. Barkley to discuss when the review process should begin.

Mrs. Gibbs reported that the Township currently has no money for capital items with the exception of police vehicles.

OTHER BUSINESS:

None.

PRIVILEGE OF THE FLOOR:

Mrs. Gibbs reported on the Township’s loan refinancing. She commented on taxes not being raised and how that affects the Township’s funds.

The members discussed the new manager and what he will expect from the Committee.

ADJOURMENT:

There being no further business the meeting was duly adjourned at 8:12 P.M.

The next meeting is scheduled for May 22, 2012 at 7:30 P.M. and will be held in Main Meeting Room.

 

Respectfully submitted,


Christy Holley-Flaherty, Recording Secretary