Adams Community Bank Presents Major Gift to United Cerebral Palsy

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ADAMS, Mass. — Adams Community Bank has donated $10,000 to the local United Cerebral Palsy organization toward their new building on Curran Highway in North Adams

President and CEO Charles P. O’Brien said the bank is proud to help UCP in reaching its goal.

"This investment in our community will positively influence the lives and needs of people with disabilities," he said. "This gift is a natural extension of how we strive to make a positive impact in Berkshire County.”


Christine Singer, executive director of UCP, said the agency is "beyond excited and truly humbled" to receive the gift.

"Adams Community Bank is our partner in supporting children and adults with physical and developmental disabilities and their families so they can enjoy the best life possible, a life without limits,” she said. 

Adams Community Bank is an independent, community savings bank with branch locations located in Adams, Cheshire, Lanesboro, Lee, North Adams and Williamstown.

 


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Clarksburg Gets 3 Years of Free Cash Certified

By Tammy DanielsiBerkshires Staff
CLARKSBURG, Mass. — Town officials have heaved a sigh of relief with the state's certification of free cash for the first time in more than three years.
 
The town's parade of employees through its financial offices the past few years put it behind on closing out its fiscal years between 2021 and 2023. A new treasurer and two part-time accountants have been working the past year in closing the books and filing with the state.
 
The result is the town will have $571,000 in free cash on hand as it begins budget deliberations. However, town meeting last year voted that any free cash be used to replenish the stabilization account
 
Some $231,000 in stabilization was used last year to reduce the tax rate — draining the account. The town's had minimal reserves for the past nine months.
 
Chairman Robert Norcross said he didn't want residents to think the town was suddenly flush with cash. 
 
"We have to keep in mind that we have no money in the stabilization fund and we now have a free cash, so we have now got to replenish that account," he said. "So it's not like we have this money to spend ... most of it will go into the stabilization fund." 
 
The account's been hit several times over the past few fiscal years in place of free cash, which has normally been used for capital spending, to offset the budget and to refill stabilization. Free cash was last used in fiscal 2020.
 
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