HomeMy WebLinkAbout2023-01-19_Sinking Fund_Min No 57_APPROVED MINUTE BOOK 247
SINKING FUND COMMISSION WASHINGTON COUNTY, PENNSYLANIA
]MR LIMITED E1316649LD
Minute No. 57
January 19, 2023
The Sinking Fund Commission of the County of Washington met in Public Meeting Room G-
16,in the Courthouse Square at 95 West Beau Street,Washington,Pa.,with the following members in
attendance: Commissioners Diana Irey Vaughan,Larry Maggi, and Nick Sherman.Also present were
Solicitor Jana Grimm; Chief Clerk Cindy Griffin and Administrative Assistant Joyce Thornburg; Chief
of Staff Mike Namie;Executive Assistants Marie Trossman and Randi Marodi;Financial Director Josh
Hatfield;Controller's Office Representatives Deputy Heather Sheatler,Joelle McWreath and Brittany
Mosco;Treasurer's Office Representatives Deputy Treasurer Lisa Rice and Donna Connell;and
residents Bruce Bandel,Bonnie Rankin, Corey McConn.
Mrs.Vaughan called the meeting to order at approximately 2:53 p.m.
Approval of Minutes
Mrs. Vaughan entertained a motion to approve Minute No. 56, dated January 20, 2022.
Moved by Mr. Sherman; seconded by Mr. Maggi, approving Minute No. 56, as written.
Roll call vote taken:
Mr. Sherman—Yes;Mr. Maggi—Yes;Mrs.Vaughan—Yes.
Motion carried.
Representatives from both the Controller's Office (Heather Sheatler);and the Treasurer's Office
(Lisa Rice) were in attendance but did not vote and did not object.
Approval of 2023 Debt Service Payments
Mrs. Vaughan entertained a motion on the approval of the 2023 Debt Service Payments
beginning on March 1,2022 and ending on September 1,2022. Total debt payments for the year are
$3,710,058.76 and
Debt Service Fund totals are $3,715,059.
Moved by Mr. Sherman; seconded by Mr. Maggi,approving Minute No. 56, as written.
Roll call vote taken:
Mr. Sherman—Yes;Mr. Maggi—Yes;Mrs.Vaughan—Yes.
Motion carried.
Representatives from both the Controller's Office (Heather Sheader); and the Treasurer's Office
(Lisa Rice) were in attendance but did not vote and did not object.
248
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 2023 to
meet the current year's obligations are as follows:
Opening Balance 0
Revenues
Real estate taxes 0
Interest earnings 0
Rent 0
Total Revenues 0
Other Financing Sources: General Fund $3,715,059
Transfer
County Authority 0
Total Other Financing Sources 0
TOTAL AVAILABLE $3,715,059
*Includes $5,000 budgeted for administrative costs.
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 2:58 p.m.
THE FOLLOWING MINUTES WERE SUBMITTED FOR APPROVAL:
, 2024
ATTEST:
SECRETARY