Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
ADRC-N board approves $124,706 transfer from contingency, rejects larger contingency increase
Summary
The ADRC-N governing board approved a distribution of 2025 excess revenue and a $124,706 transfer from the contingency account to the cash account, after rejecting a motion to raise the contingency target to 15%.
The Aging and Disability Resource Center of the North governing board approved a recommended distribution of excess 2025 revenue at its May 26 meeting and approved a transfer of $124,706.00 from the contingency account to the cash account.
Amber presented year-end financial figures and proposed a distribution while noting a contingency fund goal of roughly 10 percent. George Bussey moved to raise the contingency target to 15 percent; that motion failed. Candy Pogliano then moved to keep the contingency at the suggested 10 percent and to approve the distribution as presented, including a $124,706 transfer; the motion was seconded by Bill and passed.
The minutes record the dollar amount and the motions but do not include a roll-call vote tally by member name. Board discussion centered on maintaining a contingency cushion while allowing available funds to be distributed according to the staff recommendation.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
