Financial Affairs Committee Presentation November 2021

With co-chair Joel Fishbein presiding, Financial Affairs convened via video conferencing on Tuesday, Nov. 9. The agenda included a presentation by Cheltenham Assistant Township Manager Alyson Elliott on a proposed Local Economic Revitalization Tax Assistance (LERTA) for township commercial areas; updates on the 2021-2022 budget and charter school costs; review of the June 30, 2020, audit and update on the June 30, 2021, audit; information about refinancing of the 2017 bonds; review of the food service RFP and audit RFP for June 30, 2022; and budget calendar and building and department budgets for 2022-2023. Following Ms. Elliott’s presentation, the board discussed and posed questions. A virtual attendee also asked a question about LERTA. The board reviewed the remainder of the presentation from acting business manager Chuck Linderman. The board requested additional numbers for the comprehensive budget and sought clarity on the “zero-based” approach to some of the budget. The board also requested the food service RFP include a clause relating to sustainability and asked for the inclusion of the wellness committee and students. There was also public comment on the food service RFP. The board reminded the administration that a link to the video of the meeting be included on the web. The next Financial Affairs meeting is Tuesday, Dec. 7, 2021. LERTA presentation> | Video>

11_9_21 Chelteham Finance Presentationr2.pdf, 382.76 KB; (Last Modified on November 12, 2021)