SPARTA, NJ — Sparta Township Council heard a good report from the auditor. It was a report of “strong financial growth increasing the township’s surplus and decreasing the debt,” according to Grant Rome, CFO.
“Sparta has been funding more capital projects with cash versus incurring debt,” Rome said.
The auditor made comments and recommendations about items that need attention. They were “minor housekeeping things that have already been taken care of,” according to Rome.
One of the items noted in the comments was old debt that had not previously been funded. Rome said the funds were already included in this year’s budget. The other recommendation is that additional “documentation be attached to vouchers received by the recreation department.”
Also at the last meeting the council members once again tabled the first reading of an ordinance to establish a wastewater utility franchise, Village Utility LLC. The utility will provide wastewater treatment to the residents and businesses in the new Sparta Village.
Owen Dykstra and attorney Deborah Nicholson presented information at the July 10 meeting. Nicholson told the council members all of the properties in the new development will be required to be a customer of the utility.
Nicholson said the Board of Public Utilities will be reviewing the utility and will be in charge of approval and setting the rates. Dykstra said he expected the utility to lose money in the first year, break even in the second year and show a profit in the third year.
Nicholson said there would be no liability to the tax payers because if the utility got into financial trouble the BPU would partner with the town to find a solution.
Dykstra said the assisted living project will be on line in August and Ryan Homes is currently constructing model homes and will be handling the marketing of the project.