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Penn Forest looks at investment rates

Penn Forest Township has certificates of deposit in Mauch Chunk Trust and Jim Thorpe Neighborhood Banks due for rollover.

With $3,085,332 invested, the township decided this week to take a new look at the Pennsylvania Local Government Investment Trust.

PLGIT’s posted return rates are higher than the local banks.

During discussion on the topic, it was noted that PLGIT’s fees cut the return substantially, which is why the township switched to the locals.

The township agreed to open a new PLGIT account, and speak to the local banks to compare numbers to see who has the best return.

Supervisors voted to extend the declaration of disaster another 30 days, until the next meeting.

Audit

There was some unhappiness with the 2019 audit, and after lengthy discussion, supervisors approved it on a vote of 4 to 1, supervisor Judy Knappenberger opposed.

Bills of $80,563 from the general fund were approved after a reimbursement for a dinner certificate of $6.10 was removed from the petty cash request. Knappenberger led a go-around on this and $14 spent on flowers, bought from a high school fundraiser. The $14 stayed in.

Supervisors approved the revised bills in all accounts 4-1, with Knappenberger voting no.

Both ordinances discussed in June were unanimously passed, the first providing credits on taxes and township garbage fees to emergency services volunteers, and the second, to permit fire and ambulance crews to bill for items used in calls - absorbent, fire foam, single use items, and the like for fire responses.

For the emergency crews, a list of eligible volunteers will be provided the township.

A list of items, fees and costs was provided for the emergency items.