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  2. Board Of Aldermen - Minutes - 6/6/2017 - P47

Board Of Aldermen - Minutes - 6/6/2017 - P47

By dnadmin on Sun, 11/06/2022 - 21:55
Document Date
Tue, 06/06/2017 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 06/06/2017 - 00:00
Page Number
47
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__060620…

Special Board of Aldermen Public Hearing Page 47
Fred Teeboom

| thought it was $40 million. What’s in the green pages are the contributions for the proposed year.
I’m not talking about that. I’m talking about the $40 million fund that they'll wind up in.

CEO Griffin
It’s certainly disclosed if you provide me with a second to respond. It’s certainly disclosed in the city’s

comprehensive annual financial return and | know you and | have spoken about that at length. As far
as the budget, we try to put everything in here we can. I’m not sure if | see it. It’s not a trust fund.

Mayor Donchess

| don’t think it’s ever been there.

Fred Teeboom

It’s a trust fund. It should probably be in the blue pages.

Mayor Donchess

Maybe it should yes. That’s an interesting point. | don’t think I’ve ever seen it in one of the budgets.
Fred Teeboom

Just like you get the...

Mayor Donchess

It’s like an erisa. It’s a federally regulated pension fund. It would be interesting if it were in there.
Fred Teeboom

You got the $26 million undesignated fund balance in the blue pages but | looked and you can’t find
anywhere the Public Works.

Mayor Donchess

It would make us look good because it only covers 100 employees but it’s been well managed and it’s
over 80 percent funded. Yeah we should have it in the book.

Chairman Dowd

The next area is School Special Revenue Funds. Any questions about any of the School Revenue
Special Funds? Seeing none.

SPECIAL REVENUE FUNDS
2501 PUBLIC HEALTH CLIENT FEES FUND
2502 POLICE LAW ENFORCEMENT TRAINING FUND

2503 PARKS & RECREATION PROGRAMS FUND

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Board Of Aldermen - Minutes - 6/6/2017 - P47

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