Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Commission hears finance update: software vendor gap, insurance charge and taxes drive one-time spending
Summary
Commission staff said reconciliations are caught up to Oct. 31, but a software vendor has not provided full reporting; commissioners were told of one-time charges including roughly $660,000 for property insurance, a $198,000 liability premium, $35,000 in personal property taxes and a $13,811 camera purchase.
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…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
