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i <br /> Article 14. <br /> To see if the Town will vote to re-authorize the revolving Council on Aging Account through the <br /> Town Accountant's office in accordance with Massachusetts General Laws, Chapter 44, Section <br /> 53E 1/2, to be expended under the direction of the Council on Aging, in order to place <br /> anticipated revenues collected from program income which shall be used to further the operation <br /> of programs under the Council on Aging, and to establish the limit on expenditures from said <br /> account for Fiscal Year 1998 at $5,000. <br /> Submitted by the Council on Aging <br /> Explanation: Revolving account is required in order to receive and disburse funds generated <br /> through programs supported by such revolving fund. Revenues must be used to offset expenses <br /> of these programs <br /> Anticipated Budget: <br /> Revenues: $5,000.00 <br /> Expenditures: $5,000.00 <br /> This account will be managed by the Council on Aging through its agent. <br /> Recommendation: Finance Committee recommends approval. <br /> Motion made by Selectman Costa. <br /> i <br /> Motion: I move the Town vote to re-authorize a revolving Council on Aging Account through <br /> the Town Accountant's office in accordance with Massachusetts General Laws, Chapter 44, <br /> Section 53E 1/2, to be expended under the direction of the Council on Aging, in order to place <br /> anticipated revenues collected from program income which shall be used to further the operation <br /> of programs under the Council on Aging, and to establish the limit on expenditures from said <br /> account for Fiscal Year 1998 at$5,000. <br /> Motion passes at 7:54 p.m. <br /> Article 15. <br /> To see if the Town will vote to re-authorize the revolving Leisure Services Account through the <br /> Town Accountant's office in accordance with Massachusetts General Laws, Chapter 44, Section <br /> 53E 1/2, to be expended under the direction of Leisure Services, in order to place anticipated <br /> revenues collected from program income which shall be used to further the operation of <br /> programs under Leisure Services, and to establish the limit on expenditures from said account <br /> for Fiscal Year 1998 at $22,000. <br /> i <br /> Submitted by Leisure Services <br /> i <br /> Explanation: Revolving account is required in order to receive and disburse funds generated <br /> through programs supported by such revolving fund. Revenues must be used to offset expenses <br /> of these programs <br />