RED BANK, NJ: The Red Bank council held their online Workshop meeting on Wednesday evening.
These workshop sessions have the borough’s department heads discuss ordinances/resolutions and other matters prior to the council meeting.
Except for Mayor Menna, all council members were present. Taking the role of acting mayor was councilman Michael Ballard.
Highlights of the meeting:
Peter O'Reilly, Chief Financial Officer, related that in the next few weeks an estimated tax bill will be mailed out to residents that will include an explanatory note, saying, “When they pay their next tax bill in August, in will be based on an estimated levy, and then in the fourth quarter and final tax payment, they will be paying on a final and reconciled tax bill.”
O’Reilly and Business Administrator Ziad “Z” Shehady spoke with county finance officials to discuss reimbursement requirements for Covid-19 expenses based on federal funding. “What it boils down to is that we have three opportunities to file for expenses. Notably are expenses that weren’t anticipated in our budget (safety equipment, sanitizing products), as well as overtime work,” said O’Reilly. The first reimbursement is scheduled for June 15, then a second in September and the third in November, “For expenses that are incurred this year.”
On the borough’s finances, O’Reilly said, “The budget has been prepared with baseline numbers, is ready for review by the finance committee and shooting for an introduction at the June 17 council meeting, and we will adopt the budget in July.”
Shehady commented that, “We’ve developed the budget with realistic revenues. In a number of areas revenues are dropping and in terms of appropriations and by waiting (to adopt the budget) at this point, we have a better idea of services or programs that we are not able to deliver on, and we can remove them from the budget. It’s certainly going to be a tight one.”
Councilman and Finance Committee Chairman Michael Ballard concurred, saying, “It can’t be business as usual. We’re going have to be very, very, very prudent on how we roll out this budget.”
Responding to a query by councilman Ed Zipprich, CFO O’Reilly said, “I’ve been tracking the borough’s revenue on a daily basis, I’ve budgeted for tapping into our surplus for this year. It’s very appropriate to call it the rainy-day fund.”
Borough Engineer Laura Neumann provided updates on several projects including construction on White Street where new water and sewer lines will be installed, which will take approximately two weeks. Still in the design phase, the Broad Street road project will be getting a makeover with the bid out by the end of June with a July award. Discussing the White Street Parking Lot Project Neumann said, “We will be receiving bids on Tuesday and are hopeful to make a recommendation at the June council meeting.”
To watch a video of the entire meeting, click HERE.
To read the agenda, click HERE.
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