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Newport Township accepts financial report and approves nearly $447,000 in bills and allocations
Summary
At its Aug. 5 meeting Newport Township reported cash-on-hand of $1,726,780.52, accepted the financial report, approved $393,660.39 in non-recurring July bills and $53,376.36 in recurring August bills, and heard an audit and budget timeline from its financial consultant.
Township Manager Joseph Hillan and Financial Consultant Jennifer Polito presented financial updates at the Newport Township Board of Commissioners meeting on Aug. 5. Hillan reported total cash-on-hand as of July 31, 2024 of $1,726,780.52 across funds including General Fund $614,079.16 and Contingency Fund $750,479.69. Commissioner John Vishnefski moved to accept the report and the board voted to accept it unanimously.
Mr. Hillan presented a list of non-recurring bills paid during July totaling $393,660.39; Commissioner Michael Roke moved to approve payment and the motion carried unanimously. The board also approved $53,376.36 in recurring bills due in August after a motion by Commissioner Roke and a second by Commissioner Zaleski.
Financial consultant Jennifer Polito reported year-to-date income of $2,148,317.98 and expenses of $1,749,326.76, said the auditor has started the 2023 audit, and noted the 2025 budget process will begin in September. In manager updates, Hillan said the township received $183,791.00 from the Office of Luzerne County Community Development for paving projects on Water Street, North Market and Railroad Street.
