Commission Meeting
42:37 So, there's a cost of being conservative. And the problem is, is if we have a massive claim, you know, we don't necessarily, we have our reserve fund, but we don't have enough.Play from 42:37
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42:37 So, there's a cost of being conservative. And the problem is, is if we have a massive claim, you know, we don't necessarily, we have our reserve fund, but we don't have enough.Play from 42:37
1:48:10 So we're working to determine what the best path is for being able to approve this work, whether we have to go to the finance committee for a potential reserve fund transfer for it, or if between maybe library budget or the library trustees, that they can cover the work.Play from 1:48:10
34:03 Someone wanted to create a reserve fund for very general purposes , and I told them, " All expenditures must be approved by the board , and there must be established standards ." This is much simpler.Play from 34:03
1:01:21 And I don't think, I'm certain it has to do with if somebody's looking to come to South Hadley, they live in South Hadley, but they work in a neighboring police department, they want to come to this community, they're afraid of layoffs, and…Play from 1:01:21
38:52 I heard you mention that earlier. So, do we have like a reserve fund that we could potentially use to I'm not saying not bonding out for the full 6 million is is not the answer.Play from 38:52
1:35:44 And the budget as proposed right now, does have you a $60,000, request for, additional funding for our, capital reserve fund and that that's sort of that that's the right recommendation of staff.Play from 1:35:44