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Finance director reports about $27 million cash, $9 million reserve and $18.65 million in debt
Summary
Finance Director Barb Leonte told the West Chester Finance and Revenue Committee on Wednesday that the borough’s cash position as of May 31, 2025, included roughly $27 million in cash, a capital operating reserve of a little more than $9 million and long‑term debt totaling $18,654,000.
Finance Director Barb Leonte told the West Chester Finance and Revenue Committee on Wednesday that the borough’s cash position as of May 31, 2025, included roughly $27 million in cash, a capital operating reserve of a little more than $9 million and long‑term debt totaling $18,654,000.
Leonte said the borough’s larger-than-expected interest earnings are driven by funds placed with the Pennsylvania Local Government Investment Trust (PLIGATE). “That’s money that we have been able to transfer over over the past few years, and that's where how we're beating our interest targets,” she said.
The report noted receipts and disbursements for the month and…
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