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West Chester finances: general fund and sewer receivables improve; revolving loan fund policy proposed
Summary
Finance staff reported year‑to‑date net income across funds and a sizable reduction in sewer receivables, proposed a 3% revolving loan fund for façade and building improvements limited to borough property owners, and warned December–March cash tightness pending real estate tax timing.
Chair Brian McGinnis convened the West Chester Borough Finance & Revenue Committee on Dec. 10 as finance staff presented the monthly financial report and year‑end projections. Staff said the borough began the month with roughly $28,000,003 in cash across funds; year‑to‑date net income on a cash basis was reported at $3,113,030 for the general fund, $3,765,169 for wastewater, and $1,095,347 for the parking fund.
Staff reported collections work reduced sewer receivables from $764,880 to $466,466 as of Nov. 30 and credited employee Carrie Foster for collection efforts. About…
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