ORDER-2016-173 : Reauthorization of the Melrose Veterans Events Revolving Fund #2607 for FY 2017

Transcript (~2 min @ 48:59)

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▶ 48:50 Peter D. Mortimer: further discussion all in favor please say aye aye any opposed hearing none uh this budget is passed uh while while you're here uh in the hopes of letting you have an early evening we're going to take an order out of order it's order two zero one six dash one seven three it is the reauthorization of the melrose veterans event revolving fund number two six zero seven for fiscal year 2017. is there a motion please so moved second alderman Medeiros has moved to recommend this budget this revolving fund for passage said motion was seconded by alderman boy cell on discussion president khan please yeah over the course of the budget we'll be discussing

▶ 49:38 Speaker 4: many revolving funds people at home might not understand what they are these are funds within a department whether if they receive donations or other payments they can take the funds into a dedicated account and use it for a specific purpose and this account is not increasing the cap of funding that it currently has so i'm going to support this order as we go through this either myself or i'm sure some other alderman will point out if there are being any changes made to the spending limit authorizations uh relative to any other revolving funds that's all

▶ 50:20 Peter D. Mortimer: thank you very much president khan uh seeing no further discussion all in favor of the motion to recommend this revolving fund for passage please say aye aye any opposed hearing none uh this revolving fund order 2016-173 will be recommended to the full board ms redding thank you for your service and thank you for coming here to enlighten us this evening thank you so much and everyone