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FTSA delays budget adoption; executive director proposes 2.9% user‑rate increase
Summary
The Franklin Township Sewer Authority missed the state deadline to present its budget due to auditor paperwork; the executive director proposed a 2.9% user rate increase and reported cash reserves and revenue figures.
Joseph Daniel, speaking for the authority, said the board missed the state deadline to present its budget for adoption because an auditor missed paperwork submission, so the budget vote will be carried to the next meeting.
"We did not make that deadline, so our budget will have to be voted for adoption at our next meeting," Daniel said. He reported revenue for July of $915,212.64 and year-to-date collections of $1,831,423.37, and a total net cash position of $25,522,329.50 split among unrestricted, restricted and designated categories.
Daniel outlined high-level budget figures, saying anticipated revenues for the appropriation are roughly $17,200,000 to $18,000,000 and the capital improvement budget is $3,000,000. He also proposed increasing the user rate by 2.9%.
Dr. Roach told the board auditors completed onsite fieldwork and that outstanding documents will be uploaded for their review. "The auditors were here at FTSA in person for on-site field work... We have produced those documents, and the other thing that's pending will be uploaded to them," she said. Roach said she will update the board at next month's meeting.
The board did not vote on the budget; the adoption was postponed until the next regular meeting pending audit completion.
