In a recent meeting, auditor Gary Higgins affirmed the borough’s eligibility for self-examination of the Budget and reported a successful bond sale of $5,060,000 with seven bids. Notably, the winning bid came in at a favorable rate of 2.44% for nine years, reaffirming Harrington Park’s robust AA2 rating from Moody’s. The audit also revealed that the borough’s surplus grew last year, the capital fund was consolidated, and a corrective action plan was being executed based on a single audit recommendation.
Recognizing the need for financial flexibility, the council approved Ordinance #770-23 to exceed the municipal budget appropriation limits and establish a cap bank. The council also adopted the 2023 Municipal Budget and waived the need for a complete reading of the budget, with no objections from the public or the council.
Development and maintenance projects also saw notable progress. The council approved the rehabilitation of two tennis courts through an Open Space Grant, and road improvements on Spring Street. New members Daniel Collins and Michael Mullany, Jr. were welcomed to the Harrington Park Volunteer Fire Department, reinforcing local emergency services. A contract for George Street Tennis Court Improvements was also awarded to Green Valley Group, Inc. for $399,626.00.
Mayor Hoelscher brought attention to local events and issues such as a bear sighting, the death of community member Holly Ciccoricco, and an issue with a pumping station causing a backup from Haworth into Harrington Park. Discussions about potential shared services with Norwood were also noted.
To keep the community’s recreational needs at the forefront, the council approved a lease agreement between the Borough of Harrington Park and the Harrington Park Swim Club. Council member Evanella also announced the resumption of the annual Shield Awards by the Knights of Columbus, recognizing community members Bruce Marshall and Tom Clarke.
To enhance financial transparency, the council passed Resolution #2023-90, certifying the Annual Audit and ensuring compliance with regulations set by the Local Finance Board of the State of New Jersey. This marked a significant stride towards transparency, addressing prior issues regarding outstanding checks and miscellaneous adjustments. The council also approved a Corrective Action Plan for fiscal year ending December 31, 2022, further underlining the commitment towards rectifying past audit report findings and recommendations.
In the face of potential emergencies, the council backed the Bergen County Fire Mutual Aid Plan, recognizing the need for cooperation during extraordinary circumstances when local resources could be exhausted.