ORDER-2019-86 : Mt. Hood Enterprise Fund Operating Budget for Fiscal 2020 in the Amount of $1,530,353.06 (One Million, Five Hundred Thirty Thousand, Three Hundred Fifty-Three and Six Cents).

Transcript (~3 min @ 2:56:32)

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▶ 2:56:31 Kate Lipper-Garabedian: favor all right and then we do have a seventh on our agenda order number two zero one nine dash 86 the Mount Hood Enterprise Fund operating budget for fiscal 2020 and the amount of one million five hundred thirty thousand three hundred fifty three dollars and six cents did you want to just speak

▶ 2:56:55 Speaker 1: briefly to this I think this was just an accounting type thing we had this is it

▶ 2:57:01 Speaker 10: a revolving part donation okay this is for the permit fund okay so this is the fun where when we rent out the fields most of the time our fields are taken by Melrose residents Melrose youth groups but there is some opportunity to get some rentals and especially spring into summer we have the Melrose Americans and a few other groups that rent the field so that's what this fund is for it's the rental money that comes in what we do with this money is it's put back into

▶ 2:57:29 Kate Lipper-Garabedian: the yes I think this is you're talking about the revolving account which we did hear about but maybe the city auditor could join us this this is the

▶ 2:57:39 Speaker 6: enterprise fund that's any that's Mount Hood we did mono that was pop oh so we

▶ 2:57:44 Kate Lipper-Garabedian: just we've already discussed it I'm so sorry so we just need to this is a

▶ 2:57:48 Speaker 1: different fund this is an accounting thing I think we we take in money from the permits for Fred you know down at the high school fields and we were advised that we should segregate those funds because that's the appropriate way from accounting way to do it so that's what that's what the revolving

▶ 2:58:05 Speaker 10: fun is for um the money goes back into the fields that take the most abuse from outside user groups using it you know we buy that extra clay or we have extra work done on morelli field it's also nice to be able to use it in parks that don't have a great friends group you know the dog park when they need mulch down there you have to you know you have to use the mulch that playground mouse so that it doesn't irritate the dogs you have to get specific stuff for it we use it for doggie bags that type of stuff um so all the money goes back into the parks for the parks that are used

▶ 2:58:45 Speaker 1: that we rent but the fund itself creates transparency for the funds that come in from the use of the from the rentals and then it goes back into the fund back into the maintenance okay

▶ 2:58:55 Kate Lipper-Garabedian: so i think we maybe are did we move to order number eight yes yes we're actually on order number 2019-87 reauthorization of city of melrose revolving funds table as adopted by city ordinance june 18 2018 and further authorized by massachusetts general laws chapter 44 section 53e and one half and this was the last of the table that we were saving for tonight yeah correct so