John V. Gottschall, Vice Chair - Towamencin Township

table as people are living longer, and actuarial professional standards require the use of
the best assumption. This increases the cost of the plan by about $20,000 per year.
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The other assumption change involves disability. In previous valuations a straight 3%
loading factor was used. Actuarial practices now prefer to be more explicit, so a
disability table is recommended. This has very little effect on the cost.
Since the assumptions are required to be selected jointly by the actuary and by the
governing body of the pension plan, the Board of Supervisors will need to consider
approval for the changes.
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Committee Recommendation: The Committee recommends that the Board approve the
two assumption changes suggested by the Actuary.
4. Part-time Police Booking Clerk Position
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The Committee reviewed Chief Dickinson’s request to hire a part-time Booking Clerk.
The part-time clerk would work one day a week (Sundays), but would be available to fill
in for vacancies during the week when they occur. The cost of the booking center is
shared among the 15 municipalities that use the facility. The Booking Center is expected
to again experience a surplus this year well above the cost of adding this position.
Committee Recommendation: The Committee recommends approval of the part-time
position as it will benefit the operation of both the Booking Center and the Towamencin
Police Department at no direct cost to the Township.
5. Update Liquid Fuels – Finding
The Committee was briefed on the recent audit by the Commonwealth of the Township’s
Liquid Fuels Fund for the period of January 1, 2009 to December 31, 2010. The audit
presented a minor finding that the Township had purchased street signs during this period
totaling a cumulative cost of $7,139 without obtaining competitive quotations. Ironically,
the signs are available through a state contract by another vendor, but at a higher cost.
Nevertheless, Staff will ensure that future purchases will be done through the State
contract.
Committee Recommendation: Concur with Staff action.
6. Voyager Fleet Card – COSTARS
The Committee discussed the issue of obtaining “Voyager Fleet Credit Cards” that are
available through the State’s COSTARS program. The fleet cards are automatically
restricted for purchases of only fuel and mechanical expenses for the vehicle. Employees
will not be able to purchases meals, food, or any other items with the fleet cards. To
initiate a fleet card transaction, a driver must enter a PIN number, the odometer reading
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