Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Pennsauken board approves major reserve transfers and multiple vendor contracts
Summary
The board approved resolutions to transfer up to $6.5 million to capital reserve, $3 million to maintenance reserve and $1 million to an emergency reserve, and authorized multiple professional-service contracts and capital purchases including vehicle and HVAC project payments.
At its June 10 business meeting, the Pennsauken Township Board of Education approved a block of business-and-finance items that included proposed transfers of unanticipated 2023–24 surplus to reserve accounts, multiple professional-service contract awards and major capital payments.
The Board approved resolutions authorizing transfers of current-year surplus "not to exceed" the following amounts: $6,500,000 to the Capital Reserve (citing NJSA 18A:21-2 and NJSA 18A:7G-13), $3,000,000 to the…
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