John V. Gottschall, Vice Chair - Towamencin Township

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the updated fund balance so that consideration can be made whether to proceed with this project this year. 5 10 15 20 25 30 9. Budget Schedule The dates for the 2012 Budget workshop sessions and tentative adoption date were reviewed by the Committee. Committee Recommendation: Recommended that it be forwarded to the Board. 10. Earned Income Tax Ordinance Amendment – Update The Committee reviewed and discussed the model Earned Income Tax Ordinance that was distributed by the Montgomery County Tax Collection Committee (“TCC”) that would replace the Township’s current ordinance. Act 32 of 2008 resulted in significant reforms and consolidation of Pennsylvania’s earned income tax (EIT) collection system. Under Act 32, the current earned income tax collection process will be restructured, ultimately creating 69 countywide Tax Collection Districts. Committee Recommendation: That the Board authorizes the advertisement of the proposed ordinance for consideration of adoption at a future Board meeting. On motion of Mr. Wilson, seconded by Mrs. Younce, the Board accepted the Report of the Finance Committee. Ratification of August Warrant List Vice Chairman Gottschall noted due to the cancellation of the regularly scheduled Board of Supervisors meeting of August 24, 2011, bills and payroll were paid to save penalties or accrue interest prior to the next meeting on September 14, 2011. These checks were reviewed by the Finance Committee at the August meeting. Payables for the month $535,207.57 Payroll for the period $414,072.65 Interest payments on long term debt $5,462.46 Capital service payment to UGTMA $371,861.00 Total disbursement for the period $1,326,603.68 On motion of Mrs. Younce, seconded by Mr. Wilson, the Board approved payment of bills for August as presented in the amount of $1,326,603.68. 35 Voting Yes: John V. Gottschall, H. Charles Wilson, Patricia Younce Voting No: N/A Abstaining: N/A Absent: Daniel M. Littley, James P. Sinz 6
Resolution 11-26: Police Pension Plan MMO 5 10 15 Vice Chairman Gottschall stated the required municipal contribution, referred to as the Minimum Municipal Obligation (MMO), is calculated annually. The MMO represents the Township’s annual funding requirement. The calculation must be prepared for the upcoming calendar year, certified by the Administration, and submitted to the Board of Supervisors by the last business day of September. The 2012 MMO for the Police Pension Fund is $719,334. On motion of Mr. Wilson, seconded by Mrs. Younce, the Board adopted Resolution 11-26 adopting the Police Pension Plan MMO for the year 2012. Voting Yes: John V. Gottschall, H. Charles Wilson, Patricia Younce Voting No: N/A Abstaining: N/A Absent: Daniel M. Littley, James P. Sinz Resolution 11-27: Non-Uniform Employee Pension Plan MMO 20 25 30 35 40 45 Vice Chairman Gottschall stated the required municipal contribution, referred to as the Minimum Municipal Obligation (MMO), is calculated annually. The MMO represents the Township’s annual funding requirement. The calculation must be prepared for the upcoming calendar year, certified by the Administration, and submitted to the Board of Supervisors by the last business day of September. The 2012 MMO for the Non-Uniform Employee Pension Fund is $146,288. Voting Yes: John V. Gottschall, H. Charles Wilson, Patricia Younce Voting No: N/A Abstaining: N/A Absent: Daniel M. Littley, James P. Sinz Block Party Road Closing Application – Donna Place Vice Chairman Gottschall stated a Township resident submitted a request a Block Party / Road closing scheduled for Saturday September 17 th from 5:30 pm to 9:00 pm. The road (Donna Place) is a cul-de-sac with only three homes on it; all three owners have signed the application. On motion of Mrs. Younce, seconded by Mr. Wilson, the Board approved the request to hold a block party on Donna Place. Voting Yes: John V. Gottschall, H. Charles Wilson, Patricia Younce Voting No: N/A Abstaining: N/A Absent: Daniel M. Littley, James P. Sinz 7
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John V. Gottschall, Vice Chair - Towamencin Township

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