City Council Special Session
1:17:35 We have $200,000 of surplus on a budget of $118,190 million and the standard is that your surplus, the correct work is fund balance, should be about 10% of your operating our budget.Play from 1:17:35
Video, transcripts, and deep links for 2 archived Plainfield, NJ public meetings from 2020-12-14 to 2026-08-19 — 2 with a searchable transcript.
Real excerpts from the transcripts, each linked to the moment it was said.
1:17:35 We have $200,000 of surplus on a budget of $118,190 million and the standard is that your surplus, the correct work is fund balance, should be about 10% of your operating our budget.Play from 1:17:35
36:05 So, it creates a large liability for the city, funding money for the vendors before we are paid. So, by delegating that out to a vendor who's going to handle that for us, it takes the liability off of our shoulders, which is a big benefit to us.Play from 36:05
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