ORDER-2017-154 : Reauthorization and Increase of the Council on Aging Donation Revolving Account # 2811 for FY2018

Transcript (~2 min @ 23:45)

Speakers identified by voice; unnamed voices are numbered within this recording. Auto-caption text — verify against the video.

▶ 23:27 Peter D. Mortimer: Seeing no further, Alderman, wishing to be heard, there has been a motion made by Alderman Boisselle and duly seconded by Alderman McAteer-Margolis to recommend the bottom line on this budget. All in favor, please say aye. Aye. Any opposed, hearing none, this budget will be recommended to the full board in June. Thank you very much. Alderman MacMaster, please stay right where you are. Alderman McAteer-Margolis has made a motion that we reauthorize and increase the council on aging donation revolving account number 2811 for fiscal year 2018, said motion to take that order out of order was seconded by Alderman's Worko. Would you like to say something briefly about that?

▶ 24:07 Speaker 3: The revolving fund is used for supplies, programs, use minibus repairs when they pertain to the retrofit equipment like the lift. And just furniture, that's pretty much what the revolving account is used for. It's made up of donations and program fees.

▶ 24:30 Peter D. Mortimer: Thank you very much. President Kahn, please.

▶ 24:33 Speaker 1: Yeah, as we start out the process, for people who haven't watched this before, Many of our departments have revolving funds where they receive donations or contributions from other sources. The money doesn't come from the state or from the city general fund. And the revolving funds are limited to expenditures for the purposes such as Ms. Vellopoulos indicated. So as we go through this, Mr. Chairman, we'll probably go through ten revolving funds. And just for anybody who doesn't understand what they are, that's what they're all about.

▶ 25:06 Speaker 4: thank you mr. president alderman Medeiros please thank you and just to

▶ 25:10 Monica C. Medeiros: add to that they are all the revolving funds are capped and this one happens to

▶ 25:18 Peter D. Mortimer: be capped at $25,000 thank you Alderman Medeiros seeing no further Alderman wishing to be heard on this order to reauthorize and increase the council on aging donation revolving account please say aye aye any opposed hearing none this order will be recommended for passage at our next full board meeting thank you very much for your attendance tonight and your wonderful presentation thank you have a great evening thank you the next budget

▶ 25:44 Peter D. Mortimer: we have before us is budget one nine six it is the Energy Commission in the amount of two thousand five hundred dollars we have members of the Energy Commission who are going to come forward motion to recommend the Energy