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Council adopts FY‑26 departmental revolving funds; plans new Health and Wellness revolving account
Summary
The Committee of the Whole adopted FY‑26 departmental revolving fund maximums per state law and heard that the city will propose a new revolving account for the HAS Health and Wellness Center after a public hearing process.
The Committee of the Whole voted on June 23 to adopt the FY‑26 departmental revolving funds tables, setting the maximum amounts departments may spend from revolving accounts as allowed by Massachusetts law.
Chief Financial Officer Rich Vasquez presented the tables to the council and said the vote simply establishes the maximums the council can authorize; "We don't spend any money unless that money is there," Vasquez said. The council adopted the income tables by voice vote.
Vasquez also told the council the administration plans to create a new revolving account for the HAS Health and Wellness Center for FY‑26. That change will require an ordinance amendment and a public hearing; Vasquez said he will include the new revolving account on the July council agenda and expects to bring the required ordinance forward then.
Councilors asked whether the wellness center’s membership revenues were currently being held in a revolving account and how close the center was to full cost recovery. Vasquez said membership activity will be reconciled when fiscal year books close on June 30 and that the administration will report back with enrollment and revenue figures in July; if the center achieves full cost recovery, appropriation requests could be reduced or rescinded.
The council did not take additional votes on the proposed new revolving account during the June 23 Committee of the Whole meeting.
