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The Borough of Lansdowne Pennsylvania The Borough of Lansdowne Pennsylvania

Finance Committee

June 1, 2009

Present: Joe Bartley, Ellen Lustgarten, Stephen Wagner, Craig Totaro
Absent: Kevin Lee

There were no visitor comments.

Mr. Totaro provided an update on potential grant programs, most of which the Borough will be notified of after August 1, 2009.

Mr. Totaro reported on a third source for employee health insurance and is receiving specifics and costs to compare to the other two quotes we have received.

Mr. Bartley reported that the Tax Anticipation Note has been paid off with a cost savings of approximately $700.

In line with the Economic Development Committee’s recommendation to encourage Lansdowne as an artist’s community, the Finance Committee held a preliminary discussion on potential opportunities to provide financial aid or relief to artists interested in moving to and working in the Borough. This issue will continue to be discussed in future meetings.

The Committee performed an extensive review of the April 30th Treasurer’s report to determine preliminary projections for the year.

Due to the July 4th holiday, the Finance and Administration Committee will meet on Monday, July 13th.

There were no items for Executive Session

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