Tuesday, 03 May 2016
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Borough Government News
New Agenda Software Increases Access to Information for Elected Officials & Public Print E-mail

 

Brentwood is committed to maintaining transparency in governmental operations. With this critical value in mind, the Borough is seeking to upgrade the process by which public meeting agendas are compiled and pertinent associated information is disseminated. Through the cloud-based NovusAGENDA software, residents can easily review scheduled motions, departmental reports, draft resolutions and ordinances, and proposed contracts and work authorizations. Access to this program is currently available at no cost to the Borough as part of a three month trial offer. To test drive this exciting new platform, select “Council Mtg. Agendas” from the main menu.  

 

Last Updated on Monday, 15 February 2016 19:50
 
Borough Seeks Consultant to Study Options for Brentwood Pool Print E-mail

 

Brentwood Borough is seeking to evaluate the sustainability of its community pool. Consultants are invited to submit proposals for the creation of a feasibility study and master plan for this facility. Prospective applicants must attend a mandatory pre-submission conference on October 13th at 10AM. Final proposals are due by October 22nd at 2PM. To view proposal requirements, click here.

Last Updated on Wednesday, 30 September 2015 20:54
 
Borough Requests Proposals from Pension Managers Print E-mail

 

The Borough of Brentwood is inviting firms to submit a proposal for investment managers for its two pension investment funds. The Police Plan has about $5.5 million in assets while the Employee Plan has approximately $1.8 million. Each Plan is about 82% funded. The main responsibilities of the investment manager will be to offer advice on the asset allocation and revising the Investment Policy Statement. In addition, the investment manager will construct and maintain a low cost investment portfolio. The selected manager will arrange for custody services and will meet with the Pension Committees on a quarterly basis. The Borough will consider active managers but would also like to encourage managers that employ index strategies to respond. Other low cost investment solutions, such as a low cost balanced mutual fund as a core holding will also be seriously considered.

 

The Borough would like to use a yearly set fee to compensate the investment manager. The provider of the professional service must have at least 5 years of experienced with defined benefit pensions. To view submittal requirements and deadlines, see the RFP packet.

 

Last Updated on Friday, 10 July 2015 13:17
 
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