Treasurer reports $89,000 reimbursement from county for 2022 stormwater work; borough to treat as general fund revenue

During the finance committee's Sept. 18 meeting, the treasurer reported the borough expects a reimbursement of approximately $89,000 tied to a 2022 stormwater project. Staff described the payment as reimbursement from a county active-transportation program that had additionally funded stormwater work originally paid by the borough. Committee members asked whether the reimbursement was "found money" and whether it was already accounted for in the budget. Staff said the amount does not appear to have been previously accounted for and that the borough will treat the incoming funds as general fund revenue because they are not earmarked. "We haven't received it yet. Right. And I'm not sure that it was accounted for previously. Okay. So when it comes in, essentially, we are treating it as found money," a staff member said. Staff noted the reimbursement ties to a 2022 stormwater bump-house project and to county transportation program funds; the repayment is a reimbursement of costs previously paid by the borough. The treasurer and staff said revenues including earned-income tax (EIT) are otherwise tracking well for the year. Action: informational; no formal vote beyond acceptance of the treasurer's report was recorded. Staff said they will record the receipt and place the funds into general fund revenue when received.