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Council directs funding for concert-series shortfall, prioritizing power-plant and donor funds

Tiverton Town Council · October 28, 2024
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Summary

The council authorized a $5,000 transfer to cover a shortfall for the 2024 concert series, instructing the administrator to use power-plant funds first, Bally’s donations second, and council contingency third.

The Tiverton Town Council authorized a $5,000 transfer on Oct. 28 to cover a shortfall in the recreation department’s 2024 concert series budget.

Councilors discussed potential funding sources, including residual power-plant payments, donations from Bally’s, and council contingency funds. To minimize use of contingency resources, the council directed the town administrator to take the $5,000 first from power-plant money if available; if not available, use Bally’s donation funds; and only if neither source is available, use council contingency.

A motion reflecting that priority order was made, seconded, and approved on the floor. Councilors noted the recreation team had run high on some event costs and that program donations had not met original expectations. The administrator and finance staff will execute the transfer and report back on the source ultimately used.