HomeMy WebLinkAbout2025-01-23_Sinking Fund Minute_No. 59_APPROVED MINUTE BOOK 251
SINKING FUND COMMISSION WASHINGTON COUNTY, PENNSYLANIA
IMR LIMITED E1316649LD
Minute No. 59 January 23, 2025
The Sinking Fund Commission of the County of Washington met in Public Meeting
Room G-16,in Crossroads Center at 95 West Beau Street,Washington,Pa.,with the
following members in attendance: Commissioners Nick Sherman,Electra Janis and Larry
Maggi, Controller Heather Sheatler,Treasurer Tom Flickinger.Also present were Solicitor
Gary Sweat;Finance Director Adam Petris; Chief Clerk Cindy Griffin and Administrative
Assistant Debbie Corson;Chief of Staff Daryl Price; Executive Assistants Heather Wilhelm,
Casey Graelish and Randi Marodi.
Mr. Sherman called the meeting to order at approximately 10:48 a.m.
Mr. Sherman entertained a motion to approve Minutes No. 58, dated
January 18, 2025.
Moved by Ms.Janis, seconded by Mr. Maggi, approving Minutes No. 58,as written.
Roll call vote taken:
Ms. Sheader-Yes;Mr. Flickinger-Yes;Mr. Maggi-Yes;Ms.Janis-Yes;
Mr. Sherman-Yes.
Motion carried unanimously.
Approval of 2024 Debt Service Payments
Mr. Sherman entertained a motion on the approval of the 2024 Debt Service
Payments beginning on March 1,2024 and ending on September 1, 2024.Total Debt
Service Payment for the year was $3,710,323.76 and the total Debt Service Fund was
$3,715,324.
Moved by Ibis.Janis;seconded by Mr. Maggi,approving the 2024 Debt
Service Payments.
Roll call vote taken:
Ms. Sheader-Yes;Mr. Flickinger-Yes;Mr. Maggi-Yes;Ms.Janis-Yes;
Mr. Sherman-Yes.
Motion carried unanimously.
Revenues and Other Financing Sources
It was noted for the record that the revenues and other financing sources budgeted
for 2024 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 $3,715,324
Transfer
County Authority 0
Total Other Financing Sources 0
TOTAL AVAILABLE $3,715,324*
*Includes$5,000 budgeted for administrative costs.
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MINUTE BOOK
SINKING FUND COMMISSION WASHINGTON COUNTY, PENNSYLANIA
IV; __i'•n 71 El316649LD
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,Mr. Sherman declared the meeting adjourned at
approximately 10:50 a.m.
THE FOLLOWING MINUTES WERE SUBMITTED FOR APPROVAL:
--TanUc-r `1 , 2026
ATTEST: C'
SECRETARY