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Township plans to clean up 2010 interfund loan; finance recommends $200,000 per year for three years
Springettsbury Township Board of Supervisors · July 10, 2024
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Summary
The board discussed repaying a $750,000 sewer‑fund loan made in 2010; finance reported the outstanding balance is just under $600,000 and recommended a three‑year repayment plan of $200,000 per year to clear the liability, to be added to the 2025 budget for formal approval.
The Springettsbury Township Board of Supervisors discussed a long‑standing interfund loan from 2010 in which the sewer fund loaned the general fund $750,000 for a land purchase. Finance staff told the board that the repayment had been structured around $10,000 per year in farm rental…
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