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Select Board, Advisory Committee approve $100,000 cap for Parks & Recreation revolving fund
Summary
The Select Board and Advisory Committee voted to raise the Parks & Recreation revolving account authorization from $75,000 to $100,000 for the remainder of fiscal 2025, after Parks Commissioner Candace Graves explained program revenue and spending pressures.
The Town of Templeton on March 2 approved increasing the Parks and Recreation revolving fund ceiling from $75,000 to $100,000 for the remainder of fiscal 2025, following presentations from Parks commissioners and a joint vote by the Advisory Committee and the Select Board.
Parks and Recreation Commissioner Candace Graves told the Select Board that the commission had earlier voted to seek the higher cap and that the line is needed to cover seasonal program expenses and anticipated spring spending. "We voted for this amount," Graves said in presenting the request.
Why it matters: Revolving accounts allow departments to retain program revenue (fees, sponsorships,…
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