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Committee approves setting aside 40% of Rosemary Pool receipts to a stabilization fund for maintenance
Summary
On April 9 the Finance Committee recommended that 40% of Rosemary Pool receipts be deposited into the athletic stabilization fund to pay for planned maintenance and capital costs.
The Finance Committee voted April 9 to recommend an amendment that would direct 40% of Rosemary Pool receipts into the towns athletic stabilization fund to fund future maintenance and capital items for the pool.
Presenters provided a multi-year estimate: excluding the anomalous COVID year, Rosemary Pool historically generated average annual receipts of roughly $242,000; applying a 40% contribution would yield about $97,000 per year, or approximately $485,000 over five years. Recreation staff estimated likely maintenance and capital needs for the pool over the next five years in the range of roughly $325,000 to $400,000 for items such as pump replacement and related mechanical work.
Committee members discussed timing and revenue volatility; staff noted receipts can vary by year (day-pass sales and seasonal closures affect totals) and that Town Meeting would retain control over any appropriation from the stabilization fund. A motion that the committee approve the proposed contribution to the athletic stabilization fund passed on a voice vote.
