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Pittsgrove auditors explain tax‑rate and surplus calculations; Best Practices Inventory nets 40.5 points for full aid
Summary
Township auditor Evan Palmer explained how the township's tax rate, surplus and cash‑management calculations are derived; the Committee also received the 2025 Best Practices Inventory, which scored 40.5 points and is recorded as qualifying the township for 100% aid.
Township auditor Evan Palmer of Bowman & Co. addressed questions from the Committee on Oct. 22 about how Pittsgrove's tax rate, surplus and cash‑management plan are calculated. The minutes state that Mr. Palmer explained the calculation methods but do not include numeric values, tables or examples in the public record.
Separately, Committeewoman Spinelli moved to receive and acknowledge the 2025 Best Practices Inventory; the Committee recorded a score of 40.5 points and, per the minutes, indicated that the municipality will receive 100% of state aid tied to the inventory. Certifications required by the Chief Financial Officer, Administrator and Municipal Clerk were submitted and recorded in the minutes.
The minutes do not include a detailed breakdown of the surplus amount, tax‑rate impacts, or the supporting calculations Mr. Palmer used during his explanation. The record also does not specify whether the Board directed staff to take follow‑up financial actions beyond filing required certifications.
