Township of Lower Merion Finance Committee Finance Committee Meeting
The Finance Committee discussed several resolutions, including the authorization for a road salt supply agreement with Morton Salt, Inc., the allocation of pension state aid and setting of 2027 employee pension contributions in accordance with State Act 205, and the disbursement of state aid to the Volunteer Fire Relief Association. The meeting also included authorizations to seek proposals for electricity supply services and to advertise upcoming public hearings for the 2027 budget and 2027-2032 capital improvement plan. Additionally, the committee reviewed pending budget requests, such as new staffing positions for the Building and Planning Department, the Township Manager's office, and the Public Information Office.
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Township of Lower Merion Finance Committee Meeting
The Finance Committee discussed several key items, including the authorization to amend the Township's Fund Balance Policy to reflect a target range of 15%-25% of General Fund expenditures. The committee also considered a resolution and parameters ordinance for a 2026 Bond Issuance to support the Capital Improvement Plan, which includes new money debt issuance and potential refunding of 2019 bonds to achieve debt service savings. Additionally, the committee authorized the advertisement of an ordinance regarding fees for solid waste collection.
Sep 16, 2026·Board meeting agenda packet
Township of Lower Merion Finance Committee Finance Committee Meeting Agenda
The meeting agenda included the recommendation for several contract awards, specifically for dead and diseased tree removal, a street tree planting program, fire company apron repairs, stormwater repairs, community center window repairs, and parking lot improvements. Additionally, the committee discussed the authorization to dispose of surplus equipment, a review of the General Fund Balance Policy, and the appointment of a Pension Trustee.
Jul 8, 2026·Board meeting agenda
Township of Lower Merion Finance Committee Finance Committee Agenda
The committee agenda addressed three primary financial items for consideration. The first item concerned the award of a contract for repairs to the Gladwyne Fire Company apron and engine room floor. The second item covered the authorization of a three-year contract extension for waste hauling and disposal services with Reworld Sustainable Solutions, LLC. Finally, the committee reviewed a resolution to formally close the American Rescue Plan Fund, noting that all allocated proceeds and interest earnings have been fully expended.
