[Adopted 5-1-2017 STM,
Art. 6]
[1]
Editor's Note: Former Art. III, Departmental
Budgets, adopted 9-26-1983 STM, Art. 8, as amended 1-13-1986 STM,
Art. 3, was repealed 11-20-1995 FYTM, Art. 11.
This article establishes and authorizes revolving funds for
use by Town departments, boards, committees, agencies or officers
in connection with the operation of programs or activities that generate
fees, charges or other receipts to support all or some of the expenses
of those programs or activities. These revolving funds are established
under and governed by MGL c. 44, § 53E 1/2.
A department or agency head, board, committee or officer may
incur liabilities against and spend monies from a revolving fund established
and authorized by this article without appropriation subject to the
following limitations:
A.
Fringe benefits of full-time employees whose salaries or wages are
paid from the fund, except for those employed as school bus drivers.
B.
No liability shall be incurred in excess of the available balance
of the fund.
C.
The total amount spent during a fiscal year shall not exceed the
amount authorized by Town Meeting on or before July 1 of that fiscal
year, or any increased amount of that authorization that is later
approved during that fiscal year by the Select Board and Finance Committee.
Interest earned on monies credited to a revolving fund established
by this article shall be credited to the general fund.
[Amended 11-14-2022 FYTM, Art. 13]
|
Revolving Fund
|
Department, Board, Commit-tee, Agency, or Officer
Authorized to Spend from Fund
|
Fees, Charges or Other Receipts Credited to Fund
|
Program or Activity Expenses Payable from Fund
|
Restrictions or Conditions on Expenses Payable
from Fund
|
Other Requirements/ Reports
|
Fiscal Years
|
Fiscal Year Spending Limit
|
|---|---|---|---|---|---|---|---|
|
Crosby Mansion
|
Crosby Mansion Property Manager
|
Fees received for property and cottage rentals, tours
and events
|
Pay for salaries, benefits, operating expenses, and
contracted services
|
Expenses shall be related to salaries and operations
of the Crosby Mansion and cottages and not used for any other purposes
|
Provide a quarterly status report of revenue, expenditures,
and overall operations to the Town Administrator
|
Fiscal Year 2017 and subsequent years
| |
|
Recreation
|
Department Head -Recreation
|
Fees and charges related to seasonal program, yoga,
youth sports, adult fitness, breakfast with Santa, tennis and special
events
|
Pay for salaries, benefits, operating expenses, and
contracted services
|
Expenses shall be related to salaries and operations
of providing recreational services and not used for any other purposes
|
Provide a quarterly status report of revenue, expenditures,
and overall operations to the Town Administrator
|
Fiscal Year 2017 and subsequent years
| |
|
Tele-communications
|
Department Head - Information Techno-logy
|
Fees and charges related to cell towers
|
Pay for operating expense and contracted services
|
Expenses shall be related to operating, maintaining,
and improvement of tele-communications in Town departments
|
Provide a quarterly status report of revenue, expenditures,
and overall operations to the Town Administrator
|
Fiscal Year 2017 and subsequent years
| |
|
Bay Property Pool
|
Department Head - Recreation
|
Expenses shall be related to salaries and operations
of the Bay Property Pool and not for any other purposes
|
$200,000
|
