Questions to Borough Leaders 11-19-2018

Questions to Borough Leaders 11-19-2018

November 19, 2018
To:
Christopher J. Fox
Commissioner, Public Works and Sewer Utility
Scott W. Golden
Commissioner, Public Affairs and Safety
Cornelius J. Maxwell
Commissioner, Revenue and Finance
Marcus H. Karavan, Borough Solicitor
William G. Blaney, Borough Labor Counsel
From:
Advisory Council of Concerned Taxpayers of West Wildwood
Re:  Thursday, December 6, 2018 Borough Meeting
The following are issues/items were discussed on Friday, October 5th and the taxpayer’s of West Wildwood are expecting responses.  If Chris Ridings remains out on medical leave, be prepared, as borough leaders, to present the information.
1.  In 1992, a bond was issued for $562,600 for the purpose of funding various water/sewer capital projects.  The interest rate is set at 5.625% and this bond matures in 2032(40 years).  In 1994, a bond was issued for $1,000,000 for the purpose of funding various water/sewer capital projects.  The interest rate is set at 4.5% and it matures in 2034 (40 years).
The balance on each respectively is $356,277 and $637,854 as of 12/31/17.  The amounts to be paid in 2018 for both bonds is appropriated at principal $42,000 and interest $48,000 on the budget.  This debt is listed separately on the water/sewer utility budget on page 35.
There is also another entry of “other expenses” of $513,000?
Two questions:
  1. Where and how was the money from the bonds spent?
  2. What does “other expenses” mean and what was the $513,000 used for other than payments under contract to CMCMUA?
2.  Please provide and update on K Street and the repair of the Tideflex Valve
3.  Please be prepared to review of the sewer budget using the facts from a report submitted by Joe Segrest.  Line items require explanations.
4.  Did Police Chief Ferentz abide by the Friday furlough decision? Monies were saved by the changes in the employees work schedule.  How much was saved and was it set aside for the lawsuit.  If not, what was it used to purchase?
5.  Sale of police vehicles.  How much was received and what was it used for?
Please provide a list of assets owned by the Borough of WWW – Property and Bank Account totals as of December 4, 2018.
6.  Updates on the Mawhinney and Palombaro lawsuit.
7.  Why are some payments to Bowman and Co. listed as “legal” and also “professional services.”  They are auditors.  How much was their contract?
8.  Why hasn’t any RFQP’s been submitted other than engineering?  Who reviews the actual bids and has the engineering bid been accepted?