Council on Aging Finances

At a glance

  • What: monthly review of the Council on Aging's accounts: operating, state formula grant, gift funds and the vehicle revolving fund.
  • Where it stands (Oct 14, 2026): the gift fund total shows a wrong available balance that accounting is correcting. The revolving fund (cap $75,000) is building toward a replacement van possibly needed by FY2028 ($40,000-$100,000). The WRTA agreement (about $100,000 a year, paid quarterly) funds two van drivers.
  • Open question: Mark Adler asked why van costs sit in a revolving fund rather than the gift fund; Holly Luke will ask accounting.

Sources

Discussion time

About 8 minutes across 1 meeting (from transcript timestamps; approximate).

Meeting Minutes
2026-10-14 - Council on Aging 8

Log

  • 2026-10-14 - 2026-10-14 - Council on Aging: Holly Luke presented the short financials; $33.17 gift-fund balance flagged as an error; revolving fund growing toward a replacement van; Mark Adler asked why vans are in a revolving fund. About 8 minutes.