CBFAC RECOMMENDATIONS
STATUS REPORT
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Memorandum
To: Board of Commissioners
From: William Martin, Assistant Township Manager
Date: November 19, 2010
Re: Status of CBFAC Recommendation
Revenue Recommendations:
Finding Status
Sell Selected Parcels of Township-owned Land Under Review
Adequate Resources for Act 511 Tax Collection Software Budgeted
Negotiate Payment in Lieu of Tax with Universities and Colleges In Progress
Lease Office Space in Township Building In Progress/PAISBOA
@ $42,000/year
Charge for Services Provided to Other Organizations In Progress
Perform audit of Cable TV Franchise License and permit fees Under Review
Increase Youth Sports Program Field Maintenance Fee for
non-resident participants to $25 per participant Under Review
Create a Radnor Parks voluntary contribution program Under Review
Consider corporate naming rights for select Township assets Under Review
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Expenditure Recommendations:
Finding Status
Reduce total employee expenses by 8% in 2011 In Progress– reductions
in 2011 budget
Implement a moratorium on acquisition of land or open space Under Review
Assess true costs to own, operate and maintain facilities
reduce Township facility costs to maximize the value In Progress
Reduce Legal Expenses In Progress
Mandate within legal limits that employees use accrued vacation Under Review
Perform utilization and staffing study of Police Department Under Review
Eliminate Commissioner Annual Stipend Under Review
Review Township’s ground maintenance agreement with School District In Progress
Explore share services agreements with neighboring townships Under Review
Review funding of community agencies Under Review
Freeze funding for Radnor Memorial Library for 2011 In Progress for 2011
Evaluate Parks and Recreation Programs that do not met expenses In Progress
Review status of government and public access television channels In Progress
Perform energy audit Under Review
Reduce usage of Township vehicles Complete
Rely on Citizen groups instead of hiring consultants Under Review
Perform audit of purchases to insure sales taxes are not paid Under Review
Continue to improve efficiencies in trash collection In Progress
Adopt a mandatory rear-yard pick-up for all single-family
rental homes Under Review
Cease operating the Willows Mansion at a loss by the end of 2011 In Progress
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Debt Management Recommendations:
Finding Status
Proceed with refinancing the 2002 Bond in 2010 Complete/ $1.3
million in savings
Cancel $20 million electoral debt capacity from November 2005 Under review
Establish a policy for use of debt and debt limits In Progress
Strengthen Township Debt Policy and Capital Improvement funding In Progress
Cease funding vehicles, equipment and other short-term assets
through transfers to the capital improvement In Progress
Perform reconciliation of current outstanding debt to match asset life In Progress
Determine if debt can be reduced by returning balance of Capital Fund Under Review
Conduct reviews of outstanding swaption from 2005 Complete
Do not issue new debt until the strengthen debt policy is adopted In Progress
Seek to improve Township Bond Rating Complete/ Moody’s
upgrade AA1
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Land Management Recommendations:
Finding Status
Record, track reconcile in single-source report all real property
owned and leased, controlled, preserved, deed-restricted, and
conserved Under Review
Perform market valuation study of all property Under Review
Report accurately in annual financial statements all real property Under Review
Implement proper diligence methods and procedures for all land
acquisitions In Progress
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Policy and Process Recommendations:
Finding Status
Encourage non-profit organizations to strengthen fundraising In Progress
Retain all Township realty transfer tax in General Fund Not possible due to
debt load
Evaluate the current financial accounting system In Progress
Improve periodic reporting of Township’s interim financial position In Progress
Complete revised personnel manual In Progress
Develop a ‘program’ budget for all Township activities In Progress
Develop performance measurement program Under Review
Establish Radnor Township employee and Radnor citizen savings
program Under Review
Implement a fixed asset inventory and asset program In Progress
Do not start new programs that produce a net cost increase Under Review
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