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Wellington delays funding to Seniors Club after review finds large reserve balance
Summary
Council reviewed a proposed two‑year agreement with the Wellington Seniors Club and noted the club’s bank balance of roughly $147,000–$150,000; staff said the village withheld FY25 payments and will resume funding only if the club’s balance falls below $50,000.
Wellington council members reviewed a proposed two‑year agreement with the Wellington Seniors Club and discussed whether to resume direct payments after finding the club has a substantial reserve.
Staff told the council the village budgeted $56,200 for the seniors club for fiscal year 2026. During a staff review of the club’s finances, officials found the organization’s bank balance at about $147,000 (staff later referred to roughly $150,000). Because of that reserve, the village did not provide the…
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