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Finance director reports $28.3M cash across funds, urges two-month reserve policy; committee considers salt budget modification
Summary
Director Barb Leanti reported an ending cash balance of $28.3 million across funds, advised a two-month reserve policy with a $3.5 million target, and presented a budget modification request to cover additional salt and snow removal costs; the committee asked for more research and had no recorded roll-call votes in the transcript.
Director Barb Leanti presented the Finance Department’s cash and budget highlights for the year ended Feb. 28, 2026, reporting an ending cash balance across all funds of $28,310,586 and $4,486,343 unrestricted for operations.
Leanti said accounts receivable totaled about $860,396, with $434,284 in collections with Portnoff for sewer and $257,313 in collections with Portnoff for prior real estate taxes. She reported that West Chester University paid $16,485 as its share of the 2025 ambulance…
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