More Money Matters

During Managers Comments slot at the 04/09/08 LNT Supervisors Meeting , Tim Tenges stated he wanted to move the Townships pension assets from National Penn (formerly KNBT) to Philadelphia Trust Co. He stated he wasnÂ’t asking the Supervisors for a decision tonight, was just giving a heads up. Felcheck and Spangler (spelling?) of Philadelphia Trust Co. gave Tenges a presentation and he said he liked it. Tenges did not provide any information about the presentation or benefits/risks to the Township of making the change. Maybe he will before the Supervisors vote on it?

Other then telling the Board he wants to move the money what information did he provide to permit any kind of intelligent decision?

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