ORDER-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, §53E ½.

Transcript (~7 min @ 1:05:10)

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▶ 1:05:03 Kate Lipper-Garabedian: here tonight thank you thank you and actually I think you want to stick around because our next order is also related to veterans the veterans department so we are now moving to because we don't have anyone from BB estate right okay so we're on order number two zero one nine dash eighty seven 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 53 e and 1 half so this is a revolving fund that the

▶ 1:05:42 Speaker 8: veterans department maintains the veterans service officer and board are

▶ 1:05:46 Speaker 10: you familiar with this one miss burke i am for our revolving fund yes do you want to just tell

▶ 1:05:49 Speaker 8: us quickly if you know what it's used for and if the annual cap is sufficient for you the annual

▶ 1:05:54 Speaker 10: cap is sufficient generally we use it for items if we need something that will be outside of our normal office type of supplies for example this year we are purchasing or we've purchased a small pa system that we can use for all of our events the one that we have been using wasn't quite quite cutting it when we were outside and trying to speak we were getting a lot of complaints that people couldn't hear our speakers so we've purchased a new small portable system that we can take around with us and there's a large cost savings because we are going to use that instead of hiring out somebody to come in and set that up for us but that's something that we will use a

▶ 1:06:34 Speaker 10: revolving fund for we don't use it a lot the veteran relief fund is our bigger as our bigger account that we use motion recommend the revolving count for

▶ 1:06:42 Kate Lipper-Garabedian: Veteran Services Department motion to recommend the revolving fund account fund number two six zero seven for the veterans I mean my Alderman Forbes and seconded by Alderman Medeiros all in favor yes I thought while we have Chief

▶ 1:07:01 John N. Tramontozzi: Auditor Pat Delarusso present and seeing that he knows all about our budgets that he might want to speak on the the BB budget and get that through today that's something that mr. de la Rosa might be willing to do this evening this is

▶ 1:07:32 Kate Lipper-Garabedian: department number five four zero the BB estate and the amount of the request is

▶ 1:07:41 Kate Lipper-Garabedian: in the amount of seven thousand and nine hundred dollars there's no change to

▶ 1:07:58 Speaker 9: this budget through that you can do that shift to my friend all of them in Tramatozzi it's been level funded seven thousand nine hundred dollars I think typically year after year that's probably the number the board is most familiar with seeing they do have a revolving fund that they have access to and then once a year we have to reauthorize the revolving fund and I believe if I take a look right now there's a $30,000 cap on that revolving fund and just for the sake of discussion and right now the balance of that fund

▶ 1:08:40 Speaker 9: is ninety one thousand one ninety nine seventy six year-to-date revenues is seventeen thousand three seventy five and so far as of five nine two or one nine they have expended eight thousand one hundred eighty dollars and ninety eight cents so it's pretty standard I see no change in this budget again if at least for the last three or four years I'm in Madeira's thank you thank you

▶ 1:09:13 Monica C. Medeiros: very much and you know it may be beneficial for us just to in invite them again to because they may have some specific things I'd like to share with us that you know mr. de la Rousseau respectfully wouldn't necessarily see in

▶ 1:09:34 Monica C. Medeiros: the day-to-day operations understood understood are you from expecting any kind of major building repairs or anything like that to your knowledge I

▶ 1:09:40 Speaker 9: know I'm not known has brought that to my attention at all this year they have in the past if they were going to do something but this year I haven't been

▶ 1:09:48 Monica C. Medeiros: advised of anything tonight and I think you mentioned with the revolving account that the balance is 91,000 that's correct so which is obviously which is more than the cap so that's they can raise 30,000 annually or spend 30,000

▶ 1:10:04 Speaker 9: annually that's a that's a great question because there is oftentimes confusion and the simplest way to look at is you can take in what you can take in because it is generally activity driven like a recreation revolving fund and you're going to take in money and oftentimes you given the scale of the programs you or just won't know what that number is so the statute allows you take the money in however however you can you cannot expend more than the board of all the men i.e approves as a cap now should they come middle of the year and find out 30 000 in this case isn't sufficient because maybe they want to do a capital improvement plan and they need another 20 000 they still have to come here before this board get the the authority to do that before that can happen it is allowed they can come in middle of the year whenever three quarters of of the year ask that the limit be expanded explain to the board why and then you could provide that ability for them to spend that money within that fiscal year so that's that's so that is always available but absolutely they can't spend more than the 30,000 cap without this board's authority no matter

▶ 1:11:11 Speaker 8: how much money thank you thank you motion to recommend the bottom line

▶ 1:11:13 Robert A. Boisselle: account number five four zero BB Estates let's second it there's a motion by

▶ 1:11:20 Kate Lipper-Garabedian: vice-chair Boisselle to move the bottom line for a department number five four zero seconded by Alderman Tramontozzi is there any further discussion all in

▶ 1:11:29 Speaker 8: favor aye aye any opposed we will make that recommendation to the full thank

▶ 1:11:35 Kate Lipper-Garabedian: you very much thank you thank you very much for hitting to accept the BB

▶ 1:11:43 Kate Lipper-Garabedian: estate revolving yep yep so we have a we have a motion made by alderman medeiros to accept the bb estate revolving fund number two seven five zero seconded by