[{"_1":2,"_87":-5,"_88":-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],{"_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",6503061,"mediaKeyId","5615005-62918d1311d8fa0467e6d39a2a28b49f","parentId",5615005,"title","Treasurer: Delaware County deposits above FDIC limit are collateralized in TD Bank's PA Act 72 pool","audioSeconds",146,"startMs",472000,"endMs",618000,"viewUrl","/Search/View?dp=1&key=5615005-62918d1311d8fa0467e6d39a2a28b49f&start=472&end=618","thumbnailUrl","https://assets.pipeline.soar.com/5615005-62918d1311d8fa0467e6d39a2a28b49f/thumbnail_472000.jpg","articleUrl","/articles/6503061/Delaware-County/Pennsylvania/Treasurer-Delaware-County-deposits-above-FDIC-limit-are-collateralized-in-TD-Banks-PA-Act-72-pool","mediaUrl","https://secure.pipeline.soar.com/6503061-db12391f58f2148499215cbfe5e48074/orig.mp4?Expires=1773667055&Signature=evBhoMJT1-3wvPF5jvrIOQQbBr0jr~Ydas6YTRI9LGQcBgDg~gvJyjEasAqv3Yn-DIL3evQrJRAIFAHaqX5q0JUR-paM24zgYBDqTUa3xuvFT4OHc~y4k6gJOuPUilONOEjGV7KKG1tb6KkbnNItRYwvhHB3l5DbBebLap7lSFrmN6lc7HSsWhI8kaDh9d4p8-GeW-8cuhkF7aQVrfD~ED1RgMszzosJN3cMq8G0oOyc9xDFQZqpSgsj7OiEZual1pyZNbHQMmrly7Nau24wCLOEkZxdS6eBwMajvd2b7mLF9VbHhXzlPeRi22Y83h-sUsu1iWLBLSQv1zrMBO53Eg__&Key-Pair-Id=KUT5TJCACFTXG","author","Delaware County, PA","date","2025-08-21T18:44:05.957Z","article","Andrew Nelson, treasurer for the Delaware County Authority, told members at the July meeting that he contacted TD Bank's government-client group to confirm the authority's funds above the $250,000 FDIC insurance limit are protected.

Nelson said TD Bank's government department described a PA Act 72 pooled pledged investment portfolio that collateralizes aggregate government deposits held by TD Bank in Pennsylvania. He said the bank told him the pool consists of AAA-rated investments and is sized to at least 103% of the aggregate government deposits; the pool's holdings are recalculated monthly, Nelson said.

\"As a government entity ... our deposits over the $250,000 FDIC limit is collateralized by their PA Act 72 pooled pledged investment portfolio,\" Nelson said. \"It consists of AAA rated investments, and it pulls at least 103% of the aggregate government deposits held in Pennsylvania by TD Bank.\" Nelson described the arrangement as separate from the bank's commercial holdings and said it is governed by the Municipal Authorities Act's restrictions on allowable municipal investments.

Solicitor Frank Daley confirmed he had reviewed the arrangement and said that, so long as deposits are collateralized under PA Act 72, he had no further legal concerns. The presiding officer asked Nelson to share the written confirmation from TD Bank for the minutes; Nelson said he would email the document to the secretary.

Nelson summarized the practical effect in plain language: the pooled collateral is invested in high-grade government-type instruments rather than being used for commercial lending, and if TD Bank were to fail the pooled collateral would be available to cover government deposits above FDIC limits.

The authority's treasurer provided these comments after the body received its financial report for the period ending July 31, 2025. The transcript includes an illustrative example from a member: if the authority had $500,000 on deposit, the portion above FDIC coverage would be held in the pooled collateral described by TD Bank.

The authority's solicitor and treasurer recommended retaining the TD Bank documentation with the meeting records for audit and public transparency.","mediaType","Video","parentTitle","Delaware County Interactive Gaming Revenue Authority Public Meeting 8.21.25 2pm","oneSentenceSummary","Treasurer Andrew Nelson said TD Bank confirmed that government deposits above the $250,000 FDIC limit are collateralized in a Pennsylvania Act 72 pooled pledged investment portfolio and described how the pool is managed.","taxTitle","Delaware County, Pennsylvania","taxId",52111,"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},6503066,"Delaware County authority approves $162,500 in one-time special grants, rescinds $12,500 PAIFUP award; approves two vendor invoices",116,748000,864000,"/Search/View?dp=1&key=5615005-62918d1311d8fa0467e6d39a2a28b49f&start=748&end=864","https://assets.pipeline.soar.com/5615005-62918d1311d8fa0467e6d39a2a28b49f/thumbnail_748000.jpg","/articles/6503066/Delaware-County/Pennsylvania/Delaware-County-authority-approves-162500-in-one-time-special-grants-rescinds-12500-PAIFUP-award-approves-two-vendor-invoices","https://secure.pipeline.soar.com/6503066-a140e5884461b8675ff63a282c328e33/orig.mp4?Expires=1773667055&Signature=ouU2920d67tqhDB5izXnVPl15~8HcRAVVThty80HNu8qXZ2nItnrlvOw2OHbQueT6yd2ek9n6pc5Ztmg-~qnamsXmPNnvc3su48WaHueD1zEUlZcd-7zUhcKbue4PGcgo~n4XIdV86GRO4FrL96mZJH20fZRiaOxl-aE92gpcCJBL7H3kX2a-jXYC9NhDt0~rqji3sLELcyl4b9ckvP9y-3w2mEIxglVUK2W3a0zjd5ra3QDH~pePq8ovqRySrFD0Xxx5nQx-VxQuNVa7tvjWQaNqVxCApZg6k8HdmjiThC8ypetFptGsklM1rewnuvJ-Cg0ZkBeMKhyMOGuY4fhjA__&Key-Pair-Id=KUT5TJCACFTXG","The Delaware County Authority voted during its July meeting to approve six one-time special grants totaling $162,500 and to rescind a previously proposed $12,500 award to the Pennsylvania Immigrant Family Unity Project (PAIFUP). The authority also approved two vendor invoices related to public announcements.

At the meeting, the presiding officer moved to rescind the onetime $12,500 grant to PAIFUP for Delaware County residents; the motion carried after the presiding officer said the item had been placed on a prior agenda in error and had not been presented to County Council. The authority then approved a package of special grants that the presiding officer said are subject to County Council approval.

Grants approved (one-time special grants, subject to County Council approval):
- $50,000 to Share Food Program for Delaware County operations.
- $25,000 to Chester Eastside.
- $25,000 to Murphy's Giving Market.
- $25,000 to Chester Upland youth soccer.
- $25,000 to Boys & Girls Club of Chester.
- $12,500 to Penn State Extension Master Gardeners, for an American Disabilities Act (ADA) accessible path and ongoing maintenance enhancements at the children's garden in Smedley Park.

The authority also approved two invoices to Spirit Media Group: Desigra-11 for $192.70 (arts and cultural grant announcement) and cigarette-12 for $215.90 (municipal security camera grant announcement). The treasurer reported that both payments were approved and that motions to pay were carried.

Other routine business approved during the meeting included acceptance of the July 2025 minutes and the treasurer's report for the period ending July 31, 2025. The treasurer reported a beginning balance of $477,101.08, checks/payments cleared of $96,145.42 and interest/deposits of $668.17, resulting in a statement ending balance of $381,623.83. The authority also acknowledged a 2025 quarterly share deposit of $328,668.37.

Discussion and context: The presiding officer acknowledged putting the PAIFUP item on a prior agenda in error and said the authority did not have sufficient information to make that grant decision without County Council review. Several grant approvals were framed by the presiding officer as responsive to local needs such as food security and youth services; in some cases the authority had provided prior, smaller awards to the same organizations earlier in the year. The Penn State Extension Master Gardeners grant was described as intended to improve accessibility at Smedley Park's children's garden.

Votes at a glance: All motions described above were reported as carried during the meeting. The transcript records aye votes and repeated procedural confirmations but does not provide a roll-call tally with individual named votes for each motion; the minutes should be consulted for detailed vote counts.

Next steps: All approved grants were noted as subject to County Council approval where required. The rescinded PAIFUP item may be considered again if and when full documentation and County Council presentation occur.","The Delaware County Authority voted to award six one-time special grants totaling $162,500, rescinded a previously listed $12,500 grant to the Pennsylvania Immigrant Family Unity Project and approved two small vendor invoices. The grants are subject to County Council approval.","actionData","errors"]

Article not found

Treasurer: Delaware County deposits above FDIC limit are collateralized in TD Bank's PA Act 72 pool

Delaware County authority approves $162,500 in one-time special grants, rescinds $12,500 PAIFUP award; approves two vendor invoices