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Committee backs raising Council on Aging revolving account limit to $60,000 amid rising program revenues
Summary
The Finance Committee recommended the full council increase the Council on Aging Recreational Activities revolving account limit from $40,000 to $60,000 for the fiscal year because program receipts and donations have grown and lead to timing differences between revenue collection and program expenses.
The Finance Committee voted to recommend that the full Gardner City Council increase the spending/deposit limit for the Council on Aging Recreational Activities revolving account to $60,000 for the 2024–25 fiscal year.
The Senior Center Director (name not specified) told the committee that grants and donations have risen substantially and that increased program utilization means the center often collects revenue before related expenses occur in mid‑summer; he said the center expects about $20,000 in technology purchases from the account and otherwise runs programming where revenues largely offset costs. The auditor clarified that donations are recorded in the gift account, while fees and program receipts go to the revolving account.
Committee members asked whether funds will be spent (the director described planned trips, food costs and equipment purchases) and whether the limit would be reduced in future years; members were told the council must vote any annual limit and that the revolving account is intended primarily to support programs and activities rather than capital renovations. The committee voted unanimously to recommend authorization to the full council.
