Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Gilpin supervisors set treasurer's bond at $1,000,000 and appoint 2024 auditor
Summary
Supervisors set the township treasurer's bond at $1,000,000 for 2025 after discussing historically used figures; the board also appointed Estermeyer and Associates to audit fiscal year 2024 and received a financial report showing the general fund ending balance of $207,102.94.
The Gilpin Township Board of Supervisors voted to set the township treasurer's bond at $1,000,000 for 2025, a figure significantly higher than amounts discussed earlier in the meeting. Board members debated historical practice and auditor recommendations before the motion carried by voice vote; a supervisor stated, "Treasurer's bond set at $1,000,000."
The board also moved to appoint Estermeyer and Associates to audit township financial affairs for the fiscal year ending Dec. 31, 2024, in accordance with section 917 of the Pennsylvania 2nd Class Township Code. Sharon Long, the township secretary-treasurer, presented the financial report showing the general fund starting balance of $220,539.12 and an ending balance of $207,102.94 after receipts of $77,320.35 and disbursements of $90,756.33.
Supervisors said the larger bond is intended to protect the treasurer and the township in the event of loss and to align coverage with the maximum funds the treasurer may handle. The auditor appointment was approved by voice vote.
Future follow-up tasks include filing the bond with the board of auditors and delivering the audit engagement letter to the township clerk.
