Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Huntington Township reviews finances, adopts audit and moves $160,000 into 11‑month CD
Summary
Supervisors heard the 2023 audit, approved investing $160,000 in an 11‑month certificate of deposit at 5%, and adopted a resolution setting future auditor compensation at $18 per hour; the auditors reported the township closed 2023 with roughly $1.003 million.
The township’s auditors presented the 2023 audit—filed at the county courthouse and with DCED—and reported year‑end figures to supervisors. "Township began the year with $1,305,804.27," the auditor said, and reported 2023 revenues of $678,962.52 and expenditures of $981,670.73, leaving a year‑end total of $1,003,096.10.
Separately, the board reviewed the most recent financial report for May 9: Treasurer (speaker 5) reported general fund receipts of $37,050.82, expenditures of $96,634.77 and a general fund balance of $851,418.59; the ARP balance was $216,507.30 and total cash across accounts was reported as $1,231,113.11.
After discussing short‑term options for reinvestment of maturing funds, a supervisor moved to place $160,000 in an 11‑month certificate of deposit at 5 percent with Members First. The motion was seconded and approved by voice vote. The board also passed a resolution establishing future auditor compensation at $18, which board members said will take effect in accordance with state rules governing such pay.
The actions taken are fiscal housekeeping: the audit filing finalizes 2023 figures in the public record, the CD places a portion of idle funds into a short‑term yield vehicle, and the auditor compensation resolution sets a rate the board said will apply in accordance with state law and election cycles.
