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"The more you tell lies about me, the more we'll tell the truth about you."

Don't know about the $7 million Mr. Cusatis?

9/22/2019

 
Mr. Cusatis, Board Chairperson for Exeter Township, denies knowing about the $7 million moved out of our sewer fund to the General Fund. This $7 million was the proceeds from sewer connections and earnings from  years ago for the purpose of maintaining the sewer plant. The plant fell into disrepair and neglected by the board of supervisors. Now, they are selling it to Pa. American Water company for $93.5 million dollars. Some contend that this transfer of $7 million from the sewer fund is illegal. It should remain in the fund until the sale is final, then the $7 million should be used to pay off any existing bonds from the original issue. Any remaining funds should be paid back to the sewer customers along with any other monies at the dissolution of the sewer fund. Mr. Cusatis claims the auditor explains the transfer which occurred in 2018. The auditor merely comments that it occurred: no other explanation was provided. Mr. Cusatis has never offered an explanation as to why he doesn't know where the $7 million came from or if he illegally transferred these funds from the Sewer Fund. Mr. John Granger, the township manager made the transfer without any apparent approval by the Board of Supervisors.
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