[{"_1":2,"_111":-5,"_112":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6750708,"mediaKeyId","5343817-b8f3c38f56f3928cc80ef632c6c9148b","parentId",5343817,"title","West Chester finance director reports roughly $27 million cash position; plans $2 million interfund write-off request","audioSeconds",77,"startMs",27000,"endMs",104000,"viewUrl","/Search/View?dp=1&key=5343817-b8f3c38f56f3928cc80ef632c6c9148b&start=27&end=104","thumbnailUrl","https://assets.pipeline.soar.com/5343817-b8f3c38f56f3928cc80ef632c6c9148b/thumbnail_27000.jpg","articleUrl","/articles/6750708/West-Chester/Chester-County/Pennsylvania/West-Chester-finance-director-reports-roughly-27-million-cash-position-plans-2-million-interfund-write-off-request","mediaUrl","https://secure.pipeline.soar.com/6750708-65176d5e998db4b85df693b218e22a95/orig.mp4?Expires=1775458050&Signature=lqPaSYr-V2dYJN-psab0JCZOHLwMIaZW7NcoZqAuCfaLUAQZHYA5pUX2YSk64KMrah3N7O-wdaGu2B0MTSntan8FRVD5RQJ2z~JEbHjj5UyR3X~eWppDQEuH1ryPCbDNzoJKdX1Ly8Od3gClG92bpscWQDVwXdO5TGwXPu4dgAJB5krs0zfalMXHIN7qTkB-E4W8I59oVnkLEUvHf-w0K7HQoRvPFj94aKWMehUxmEABKrRxsVRFxsdnFLYfdEbbk~mUUA4DmJXLQm3J6muWIZm6Au~kClN7rX3Nuq8eOWOq7h69lfEr7zkmfoBwNGR9U9~-d59FIYzJtrNEZYMKGA__&Key-Pair-Id=KUT5TJCACFTXG","author","Borough of West Chester, PA","date","2025-07-10T01:06:23Z","article","West Chester Finance Director Barb Leonte told the borough’s finance committee on July 9 that the borough entered June with roughly $27 million in cash and ended the month at a similar level after about $2 million in receipts and roughly $2 million in transfers between funds.

Leonte said interfund \"due to/due from\" balances are a little over $2.9 million and that she will ask the committee next month to approve a write-off of about $2 million to remove several longstanding interfund receivables. She described the balances as originating from activity largely between 2016 and 2019 and tied to legacy funds the borough no longer uses, including a recreation fund and a debt fund. Leonte said the auditor from Veil will address these balances when presenting the borough’s 2024 audited financial statements next week and cautioned that lenders could view material interfund balances as a potential weakness when the borough seeks new debt in the market.

On the year-to-date variance report through June 30, Leonte reported several favorable lines: prior real estate tax receipts were roughly $58,000 better than budget, business privilege tax about $43,000 better than budget, and interest income about $46,000 over budget. Street-opening revenue was about $75,000 above budget. The single material over-budget line she noted was zoning, about $23,000, attributable to third-party expenses within the zoning department.

Committee members asked about building permit revenue, which is running below the 2025 budget. Leonte said the budget assumed several large projects would come online and that, to date, she has not seen the anticipated permit revenue. When asked about reserves, she reported the borough’s capital reserve is slightly over $9 million.

Leonte framed the planned write-off as an administrative cleanup that she will bring back with supporting analysis and a proposed amount next month. No public comments were offered on the budget at the meeting.

The finance committee did not take a formal vote on the write-off at this meeting; Leonte said she will return with documentation and an action request at the next meeting.","mediaType","Video","parentTitle","Finance & Revenue - July 9, 2025","oneSentenceSummary","West Chester Finance Director Barb Leonte told the borough finance committee on July 9 that the borough began and ended June with roughly $27 million in cash and that she will ask the committee next month to approve a write-off of roughly $2 million to clear long‑standing interfund receivables.","taxTitle","West Chester, Chester County, Pennsylvania","taxId",71483,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6750703,"RBC consultant: West Chester pension funds roughly on target with policy benchmarks",87,350000,437000,"/Search/View?dp=1&key=5343817-b8f3c38f56f3928cc80ef632c6c9148b&start=350&end=437","https://assets.pipeline.soar.com/5343817-b8f3c38f56f3928cc80ef632c6c9148b/thumbnail_350000.jpg","/articles/6750703/West-Chester/Chester-County/Pennsylvania/RBC-consultant-West-Chester-pension-funds-roughly-on-target-with-policy-benchmarks","https://secure.pipeline.soar.com/6750703-0601bbd3c689ebb231c19113cb38a305/orig.mp4?Expires=1775458050&Signature=J86EADWwFH5ME7BOGVyR2Ky9uVC~a1Oz6KeURe95exHP5hOpqf46-FogfiNwjBVVIJ1ZPuFj4IjUScDoaeQTM1Jg2XkiBo7Muy06wU6nDz1bRqpi0o5nsYRarUvZvhNTyiOtuRl78G-VSWCVgvTxBYGxemATcMSt9A4ibjH4WwJolDnThXkw9ZjMbwPLB9JVe6cmh~K0Z1nQQKDKtdr80lP95QCdJANkqEE9CgqWwRCclMzBX5q7aAG09qxNbOjQ3lcuX-f6EXN2o0A-YlwjLDmNqPaXU7l1soHWfk-wx1TglO0CuxGY2SgfwDw7abr~R-olO2lKPKpNU6HbPTfnBA__&Key-Pair-Id=KUT5TJCACFTXG","Bruce Biesecker, investment consultant with RBC, presented preliminary performance for the borough’s police and nonuniform pension funds on July 9. He said year‑to‑date returns through June 30 were about 6.2% for the funds versus a policy benchmark of roughly 6.5%, and the trailing 12‑month return was about 11.9% versus a benchmark near 11.7%.

Biesecker outlined the funds’ asset mix (approximately 65% equity, 35% fixed income) and noted U.S. equity exposure is held largely in passive index funds (Vanguard Total Stock Market Index and a Vanguard small‑cap index). He said active international equity managers have recently outperformed the benchmark (citing roughly 19% trailing one‑year return versus a 17.7% benchmark for the international sleeve) and that active fixed‑income managers were contributing positive excess return. He also noted RBC cash yields in excess of 4%.

Committee members thanked Biesecker and noted the borough had saved money from investment policy changes implemented over prior years. No committee action or vote was taken on pension policy at the July 9 meeting.","An RBC investment consultant reported preliminary pension returns through June 30 showing year-to-date performance close to policy targets and trailing one-year returns slightly ahead of benchmarks; committee members thanked staff for savings from prior investment changes.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6750693,"Finance committee moves six procurement items to consent agenda; items approved 3–0",72,1774000,1846000,"/Search/View?dp=1&key=5343817-b8f3c38f56f3928cc80ef632c6c9148b&start=1774&end=1846","https://assets.pipeline.soar.com/5343817-b8f3c38f56f3928cc80ef632c6c9148b/thumbnail_1774000.jpg","/articles/6750693/West-Chester/Chester-County/Pennsylvania/Finance-committee-moves-six-procurement-items-to-consent-agenda-items-approved-30","https://secure.pipeline.soar.com/6750693-5ed8ab3200e3f87d2a0ef9bb1affc96a/orig.mp4?Expires=1775458050&Signature=b7c2qjb9kDqGtN~0A5XWTITQnPxt6z7X2Lwh6bn7lkJ-4lNeY7H-wvP8ihQGBzeU0nREcBqQbJDh2jYJqQavT99-nkmS4f-aUP8JQiuLYEv1O2jr~KFVs-6A-c8xUvUSOwbLB48MMi-wTSS-a8iji~weQ9anbd7G6tgqOzXqu-Yz~GHUuhAzzrAEItay7fQES~6EL9yEjZjrkWBcxUAjvUegVaFr9v-sboTDHlLU~C7xepowhS5t8dcwHjD-yKrLmPNpNcVvusoOAyEkZpyQ1O-38EpdwWWaCkDUWpfxScRyqmS4HCdhCoIuEorQ2oH2iGR5HJC9I5fQaWpKXM5vbA__&Key-Pair-Id=KUT5TJCACFTXG","At the July 9 meeting the chair read six procurement items and solicited comment. The items listed were:

- J and J Outdoor Services LLC — $14,369.50 (power washing for Bicentennial Garage)
- Johnson Controls — $16,250 (Bicentennial conduit replacement)
- NextGen — $30,284 (emergency management systems contract)
- USALCO — $12,835.20 (phosphorus removal chemical)
- Whitmer Public Safety — $15,395.60 (body armor)
- Great Lakes Recreation — $65,386 (playground installation at Horace Pippin Park)

No comments or objections were raised and the chair moved the items to the consent agenda. The committee approved the consent agenda without objection; the meeting record indicates a 3–0 approval.","The committee read six procurement items on July 9—power washing, conduit replacement, emergency management system, phosphorus chemical, body armor and playground installation—and moved them to the consent agenda, which the committee approved unanimously (3–0).",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_47":105,"_49":106,"_51":107,"_53":108,"_55":56,"_57":58,"_59":109,"_61":62,"_63":64,"_65":110,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6750698,"West Chester committee agrees on funding framework for Christmas parade: $10,000 cap from police budget; parking fee to rise to $20",797,652000,1449000,"/Search/View?dp=1&key=5343817-b8f3c38f56f3928cc80ef632c6c9148b&start=652&end=1449","https://assets.pipeline.soar.com/5343817-b8f3c38f56f3928cc80ef632c6c9148b/thumbnail_652000.jpg","/articles/6750698/West-Chester/Chester-County/Pennsylvania/West-Chester-committee-agrees-on-funding-framework-for-Christmas-parade-10000-cap-from-police-budget-parking-fee-to-rise-to-20","https://secure.pipeline.soar.com/6750698-21cabb2e3a2395f0f467c4ea0fc24011/orig.mp4?Expires=1775458050&Signature=HrXRi~tGQq8eMEyrWnywSfdbggVT1ll4onewLTWKJkEhuC53MF2MCowhYHcErVOlHyWwL0u4k4gGICipeelJVq7l9sjsKutnU729076PkSavjcyLo22Dhc1xEmkEJ0YAUY-kIg~4O3XQ2NxxZ-E3SSsBWN1-Tp62zbrUkKYnVNXNkq4FPd2PZLeyQJs92pR0zlho80dN0pMZMmkKRc-4hUIg49MJYRDOK3QsQMJvZ2SMLUqEZimVQij6fHVo0xkWOvG6zTBOFY3VxUwIF5bqk7fUfDNN7pxSre4-cwiSs~jphKf1rgp63FdmeHkWCjnaq8QjsG~oLDfGV~-zmwwyOg__&Key-Pair-Id=KUT5TJCACFTXG","Members of the West Chester Finance Committee converged on a funding approach for the borough’s long‑running Christmas parade at their July 9 meeting, with committee members and the chamber representative agreeing the parade is a borough‑wide event that merits special treatment.

Committee members discussed criteria to distinguish the parade from other events (estimated attendance and footprint) and emphasized that the parade attracts substantially more visitors than neighborhood events. The group endorsed raising paid parking for the parade to $20, expanding paid parking to surface lots and keeping parking revenues with the parking fund (no revenue‑sharing). The parking committee said it has drafted a comprehensive parking policy for special events.

On subsidy, members discussed two approaches — covering police staffing costs up to a cap or providing 50% of total labor costs up to a cap — and favored limiting the borough subsidy to police overtime/staffing costs for clarity. The group agreed on a cap of $10,000, to be drawn from police budgeted dollars, and on revisiting the arrangement after police contracts are ratified or on a biannual review schedule. The group also discussed timing for paid parking on parade day and noted a prior practice of starting paid parking in the afternoon for Sunday events; the parking committee will finalize timing and logistics.

Committee members asked the chamber to compile additional information (attendance estimates, footprint, economic impact measures) to support the MOU and provide context for the work session. The committee did not record a formal vote on the support arrangement at the July 9 meeting; members expressed verbal agreement and asked staff to prepare an MOU and supporting materials for future formal action.","The finance committee signaled support July 9 for a borough subsidy for the annual Christmas parade capped at $10,000 to be paid from police budgeted dollars, endorsed raising parade parking to $20 and expanding use of surface lots, and agreed to document the support in an MOU to be reviewed after police‑contract changes.","actionData","errors"]

Article not found

West Chester finance director reports roughly $27 million cash position; plans $2 million interfund write-off request

RBC consultant: West Chester pension funds roughly on target with policy benchmarks

Finance committee moves six procurement items to consent agenda; items approved 3–0

West Chester committee agrees on funding framework for Christmas parade: $10,000 cap from police budget; parking fee to rise to $20