Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Salem Township approves $202,800 in monthly payments, $1 million CD transfer and other financial moves
Summary
At its Jan. 21 meeting, Salem Township supervisors approved $202,821.61 in expenditures, renewed a consulting retainer, transferred $1,000,000 to a 3‑month CD, increased a municipal credit-card limit, and approved a $60,000 disbursement split between two volunteer fire departments.
Salem Township Board of Supervisors voted unanimously Jan. 21 to approve $202,821.61 in expenditures covering general, payroll, sewage and other funds and to carry out several related financial measures.
The board approved a renewal of Regola Consulting LLC’s monthly retainer at $2,500 and authorized transferring $1,000,000 from the General Fund into a new three‑month certificate of deposit to capture higher interest rates as money-market yields fell. “CD rates are over 3% so we are moving money around while the rates are high,” Supervisor Kerry Jobe said when describing the transfer.
Supervisors also voted to raise the township’s First Commonwealth Bank MasterCard limit from $10,000 to $20,000 split among three users: Secretary‑Treasurer Kelly Otto ($10,000), Supervisor Todd Paulich ($8,000) and Supervisor Kerry Jobe ($2,000).
The board approved a $60,000 disbursement for 2025 to be split equally between Forbes Road Volunteer Fire Department and Slickville VFD; the motion was characterized as an oversight that would normally have appeared on the November or December agenda.
During the expenditures motion, resident Connie Mattei questioned an invoice from Jobe Inspection Services, saying permit totals did not appear to include a $25 occupancy permit fee. Solicitor Falco Muscante advised approving the invoice because it was less than the billed amounts on the permit sheet and said the township should bill the applicant for any omitted occupancy fee. Resident Tom Ridella asked for a balance sheet and asked that elected auditors work with the township’s CPA during the audit.
The meeting closed with the supervisors voting unanimously to adjourn at 8:23 p.m.; the next hearing and regular meeting are scheduled for Feb. 18, 2026.
