HomeMy WebLinkAbout2022-01-20_Sinking Fund_Min No 56_APPROVED MINUTE BOOK 245
SINKING FUND COMMISSION WASHINGTON COUNTY, PENNSYLANIA
IMR LIMITED E1316649LD
Minute No. 56 January 20, 2022
The Sinking Fund Commission of the County of Washington met on Thursday,
January 20, 2022,at approximately 2:54 p.m. in the Public Meeting Room of the Courthouse
Square Office Building,Washington, Pennsylvania,with the following members being
present: Commissioners Diana Irey Vaughan, Larry Maggi and Nick Sherman; Controller
April Sloane; and Treasurer Tom Flickinger.Also being present: Chief of Staff Mike Namie;
Solicitor Jana Phillis Grimm; Finance Director Joshua J. Hatfield; Chief Clerk Cynthia Griffin;
Human Resources Director Shelli Arnold;Administrative Assistant Marie Trossman;
Secretary Paula Jansante; and Prothonotary Laura Hough
Appointment of Officers
Mrs.Vaughan entertained nominations for the position of Secretary.
Moved by Mr. Sherman,seconded by Mr. Maggi to appoint Ms. Sloane to serve as
Secretary of the Sinking Fund Commission.
Roll call vote taken:
Ms. Sloane-Yes; Mr. Flickinger-Yes; Mr. Sherman -Yes; Mr. Maggi -Yes;
Mrs.Vaughan-Yes.
Motion carried unanimously.
Approval of Minutes
Mrs.Vaughan entertained a motion to approve Minute No. 55 dated January 21,
2021.
Moved by Mr. Flickinger, seconded by Mr. Maggi, to approve Minute No. 55 as
written.
Roll call vote taken:
Ms. Sloane-Yes; Mr. Flickinger-Yes; Mr. Sherman-Yes; Mr. Maggi -Yes;
Mrs.Vaughan-Yes.
Motion carried unanimously.
Approval of 2022 Debt Service Payments
Mrs.Vaughan entertained a motion on the approval of 2022 Debt Service Payments
beginning on March 1, 2022 and ending on September 1, 2022. Debt Service Fund totals for
the year are $3,793,726.
Moved by Mr. Sherman, seconded by Mr. Maggi,to approve the 2022 Debt Service
Payments.
Roll call vote taken:
Ms. Sloane-Yes; Mr. Flickinger-Yes; Mr. Sherman -Yes; Mr. Maggi -Yes;
Mrs.Vaughan-Yes.
Motion carried unanimously.
246
MINUTE BOOK
SINKING FUND COMMISSION WASHINGTON COUNTY, PENNSYLANIA
IMR LIMITED E1316649LD
Revenues and Other Financing Sources
It was noted for the record that the revenues and other financing
sources budgeted for 2022 to meet the current year's obligations are as
follows:
Opening Balance: $0
Revenues
Real estate taxes $0
Interest earnings $0
Rent $00
Total Revenues $0
Other Financing Sources: Genera(Fund Transfer $3,798,726
County Authority $0
Total Other Financing Sources $3,798,726
TOTAL AVAILABLE $3,798,726
It was also noted for the record that all members of the Sinking Fund
Commission have been provided with additional documents dealing with the recent
debt obligations through the year 2033.These documents are available for review in
the Finance Department.
There being no further business, Mrs.Vaughan declared the meeting
adjourned at approximately 2:57 p.m.
THE FOLLOWING MINUTES SUBMITTED FOR APPROVAL:
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ATTEST:
SECRETARY