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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