Commission finance staff reported on Nov. 24 that daily reconciliation procedures have been implemented and that staff have reconciled three revenue categories — cash fares, crossings and deferred revenue — through Oct. 31, but that they are awaiting a comprehensive report from the software vendor to fully verify account balances.

“We were able to get a really good number starting July 1, and now we are caught up through October 31,” the finance speaker said, while noting the vendor has been slow to deliver the report and the township’s attorney advised releasing one of three outstanding invoices.

The commission was told the actual revenue for the month (as of 10/31/2025) was just under $355,000. Commissioners also heard about several large, largely one-time expenditures: a property-insurance payment of just over $660,000 for the year, a prior liability policy payment of about $198,000, and a $40,000 retirement cash-in-lieu distribution for certain employees that the commission treated as a one-time item.

Finance staff also flagged $35,000 in personal property taxes that were payable because the toll bridge had been classified as personal property at the time of purchase; speakers said that after 2026 the bridge should be exempt for town and city assessments. The commission was additionally told about a $13,811 equipment purchase for camera installation.

On vendor accounting, a commissioner asked how the unpaid software invoices are being recorded; finance staff said the budget is prepared on a cash basis and outstanding bills that remain at fiscal year-end will be accrued as accounts payable. The finance presenter said a letter from the township’s attorney has been sent to the software company and that one invoice was paid in October while others remain unpaid.

Commissioners discussed insurance renewal timing and whether planned bridge upgrades could reduce future premiums. Finance staff projected a possible premium increase in the 10% range going into the next fiscal year but said premiums should fall once construction and upgrades are complete.

The commission accepted the finance report and used it to frame later budget and action-item discussion.