Stakeholder's Financial Summary Report
The Board of Commissioners and Township Administration are pleased to present Summary Reports for Stakeholders on the township's financial position, activities, and plans to the stakeholders of Radnor Township. The report is the product of several months of collaborative review with the Citizens' Audit Review & Financial Advisory Committee (CARFAC).
The genesis for the report was the need for additional financial reporting aimed at highlighting significant financial matters in a manner that is easy to read and understand. If you should have any questions about the report or its contents, please contact the Finance Department.
OPEB Funding Alternatives Presentation
At the special Board meeting on June 24, 2013 the Administration presented to the board and public potential funding plans for the township's Other Post Employment Benefit (OPEB) Obligations (PDF). The funding alternatives include paying down the current actuarial accrued liability as well as implementing funding policies for ongoing normal costs (for current employees). The administration worked with members of CARFAC and the township's actuarial benefits consultant (Mockenhaupt Benefits Group) in developing these alternatives. It is important to note that these represent options, not approved plans. The presentation, at this point, is for informational purposes only.