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Kinnelon council approves $3.51 million school tax payment and accepts treasurer report
Summary
Council voted unanimously to pay the school tax of $3,510,791, approved the consent agenda (including minutes), and heard treasurer and tax-collector reports showing year-end balances and December receipts.
The council approved several routine financial items, including a school tax payment and the treasurer's monthly report.
Members voted to approve payment of bills and the consent agenda, which included approvals of minutes from the Dec. 12 meeting. The council then approved payment of the school tax in the amount of $3,510,791 after a motion and second; roll-call voting recorded affirmative responses from the members present.
The treasurer reported the borough had cash on hand of $15,885,719.45 as of Nov. 30, 2024. Receipts for December totaled $1,000,133.94 and disbursements were $6,069,799.77, leaving a balance of $10,816,053.62 as of Dec. 31, 2024. The tax collector reported processing $464,892.12 in December; the investment officer reported $55,113.34 in interest for the month.
These financial items were presented as routine business and were approved by roll call; no amendments or contested votes were recorded in the meeting minutes presented during the session.
