Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Finance topic
No spam. Unsubscribe anytime.
Narberth finance committee says 2025 closeout looks strong, approves $426,489.79 in scheduled bills
Summary
The Narberth Finance Administration Committee on Jan. 13 reviewed its 2025 year-end finances, heard that revenues and expenditures were at or near 100%, and voted 3–0 to recommend scheduled bills totaling $426,489.79 to the general capital account.
Chair Jim Spear opened the Finance Administration Committee meeting on Jan. 13, 2026, and the group heard a year-end finance briefing from the treasurer. The treasurer said the borough had "pretty much hit our marks on just about everything," reporting revenues at or just over 100% and expenditures around 100% as staff completed reclassifications and audit preparations.
The treasurer told the committee staff moved some unspent funds across line items at the end of 2025 to smooth audit adjustments and said the addition of EIT revenue will help fund upcoming capital projects. When a member asked about the line item labeled "miscellaneous revenue," the treasurer said it included proceeds from scrapped public-works materials such as old manholes, one-off reimbursements for police services at events, rebates and other irregular reimbursements; staff said an accountant recommended classifying some of those reimbursements as liabilities rather than revenue.
Later in the meeting a member moved to recommend the scheduled bills for general capital totaling $426,489.79. Staff described routine expenditures including utilities, engineering services and software subscriptions (noting one vendor, MyGov, billed earlier after an acquisition) and a parking-lot license fee tied to an agreement with Tim Rubin. The committee voted 3 to 0 to recommend the scheduled bills be paid.
The committee asked staff to provide more detail on the composition of miscellaneous revenue for members who wanted a line-by-line explanation; staff said those details can be provided on request and will appear in treasurer reports and audit materials.
The committee adjourned after handling other agenda items.
