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Treasure's report: township holds $17.06M; three CDs reinvested at 4.4% and 4.3%
Summary
The Board entered the Treasurer's Report showing $17,063,839.97 in all funds as of Feb. 28, 2025, and the Finance Committee reported reinvestment of about $1.4 million from matured CDs at 4.4% (Univest) and 4.3% (PLGIT).
The Board accepted the Treasurer's Report as of Feb. 28, 2025, showing total township funds of $17,063,839.97.
Finance Committee chair Ben Fiorito reported that three matured certificates of deposit totaling approximately $1.4 million were reinvested; the new rates were reported as 4.4% with Univest and 4.3% with PLGIT. The Board also authorized advancing funds to the Treasurer to pay the March monthly bills with the bills list to be placed on the April agenda for formal approval (motion by Dottie Diehl; second by Tim Woodward). Vote: 5‑0.
The minutes record the State Police report (98 reportable incidents) and standard departmental reports (Building Inspector, Fire Marshal, Road).
