[Added 12-27-2016 by Ord. No. 2016-37; amended 10-10-2017 by Ord. No. 2017-22]
A. 
Purpose. This article establishes and authorizes revolving funds for use by the City, departments, boards, committees, agencies and 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.
B. 
Expenditure limitations. 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:
(1) 
Fringe benefits of full-time employees whose salaries or wages are paid from the fund shall also be paid from the fund.
(2) 
No liability shall be incurred in excess of the available balance of the fund.
(3) 
The total amount spent during a fiscal year shall not exceed the amount authorized by the City Council 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 Mayor and City Council.
C. 
Interest. Interest earned on monies credited to a revolving fund established by this article shall be credited to the general fund.
D. 
Procedures and reports. Except as provided in MGL c. 44, § 53E 1/2 and this article, the laws, Charter provisions, ordinances, rules, regulations, policies or procedures that govern the receipt and custody of City monies and the expenditure and payment of City funds shall apply to the use of a revolving fund established and authorized by this article. The City Auditor shall include a statement on the collections credited to each fund, the encumbrances and expenditures charged to the fund and the balance available for the expenditure in the regular report the City Auditor provides the department, board, committee, agency or officer on appropriations made for its use.
The purpose of this mooring fees revolving fund is to meet, in whole or in part, expenses relating to the upkeep and maintenance of City-owned moorings. The account shall be funded by the mooring rental receipts. The fund will be utilized by the Harbormaster under the supervision of the Police Department. The fund shall be held in and appropriated from in the manner provided in MGL c. 44, § 53E 1/2
The purpose of this hazardous materials recovery revolving fund is for training, supplies and special equipment needed for Fire Department personnel to respond to hazardous materials incidents. The account shall be funded by hazardous material recovery fees. The fund will be utilized by the Fire Department.
The purpose of this cleaning and securing buildings (vacant lots) revolving fund is for supplies, expenses and vendor payments for property clean-ups. The account shall be funded by liens placed on properties for clean-up. The fund will be utilized by Code Enforcement.
The purpose of this demolition revolving fund is for supplies, expenses and vendor payments for demolition of unsafe buildings. The account shall be funded by liens placed on properties for demolition of unsafe buildings. The fund will be utilized by Code Enforcement.
The purpose of this home composting revolving fund is for supplies, expenses and vendor payments for the home composting program. The account shall be funded by receipts related to the home composting program. The fund will be utilized by Community Maintenance.
The purpose of this solid waste-recycling recovery revolving fund is for supplies, expenses and vendor payments for the solid waste-recycling program. The account shall be funded by receipts related to the solid waste-recycling program. The fund will be utilized by Community Maintenance.
The purpose of this trolley and handicap bus revolving fund is for supplies, expenses and vendor payments for the trolley and handicap bus program. The account shall be funded by receipts related to the trolley and handicap bus program. The fund will be utilized by Community Maintenance.
The purpose of this street light pole repairs revolving fund is for supplies, expenses and vendor payments for street light pole repairs/replacements. The account shall be funded by receipts related to energy efficiency and similar receipts. The fund will be utilized by Community Maintenance.
The purpose of this music activities revolving fund is for supplies, expenses and vendor payments for music-related activities. The account shall be funded by student recovery/rental fees for music-related activities. The fund will be utilized by the School Department.
The purpose of this school store revolving fund is for supplies, expenses and vendor payments for student-related purchases and sale of small items. The account will be funded by student-related purchases and sales of small items. The fund will be utilized by the School Department.
The purpose of this culinary arts meals/functions revolving fund is for supplies, expenses and vendor payments for the student-run restaurant. The account will be funded by sales and other receipts from the student-run training restaurant. The fund will be utilized by the School Department.
The purpose of this summer tuition revolving fund is for supplies, expenses and vendor payments for summer/enrichment programs. The account will be funded by receipts from the summer/enrichment programs. The fund will be utilized by the School Department.
The purpose of this athletic events revolving fund is for supplies, expenses and vendor payments for athletic events. The account will be funded by gate receipts from athletic events. The fund will be utilized by the School Department.
The purpose of this day care revolving fund is for supplies, expenses and vendor payments for day-care programs. The account will be funded by receipts from the "before" and "after" day-care programs. The fund will be utilized by the School Department.
The purpose of this school use revolving fund is for supplies, expenses and vendor payments for school properties usage. The account will be funded from receipts from the use of school properties. The fund will be utilized by the School Department.
[Added 9-25-2018 by Ord. No. 2018-37]
The purpose of this revolving fund is to meet, in whole or in part, expenses relating to the replacement of the aging vehicle fleet in the Facilities Maintenance Division. The account shall be funded by the Facilities Maintenance's operating budget and sale of Facilities Maintenance vehicles. The fund will be utilized by the Director of Facilities Maintenance. The fund shall be held in and appropriated from in manner provided in Massachusetts General Laws, Chapter 53, Section E 1/2.
[Added 9-25-2018 by Ord. No. 2018-38]
The purpose of this revolving fund is to meet, in whole or in part, expenses relating to the replacement of aging cruisers in the Police Department. The account shall be funded by receipts related to police detail with cruisers. The fund will be utilized by the Police Department. The fund shall be held in and appropriated from in manner provided in Massachusetts General Laws, Chapter 53, Section E 1/2.