This bylaw 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 bylaw without appropriation subject to the
following limitations:
A. Fringe benefits of full-time employees whose salaries or wages are
paid from the fund shall also be paid from the fund.
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 Selectmen and the Finance
Committee.
Interest earned on monies credited to a revolving fund established
by this bylaw shall be credited to the general fund.
Except as provided in MGL c. 44, § 53E 1/2, and this
bylaw, the laws, charter provisions, bylaws, rules, regulations, policies
or procedures that govern the receipt and custody of Town monies and
the expenditure and payment of Town funds shall apply to the use of
a revolving fund established and authorized by this bylaw. The Town
Accountant shall include a statement on the collections credited to
each fund, the encumbrances and expenditures charged to the fund and
the balance available for expenditure in the regular report the Town
Accountant provides the department, board, committee, agency or officer
on appropriations made for its use.
[Amended 10-18-2021 ATM by Art. 3]
The table below establishes:
A. Each revolving fund authorized for use by a Town department, board,
committee, agency or officer;
B. The purpose of each fund;
C. The fees, charges and other monies charged and received by the department,
board, committee, agency or officer in connection with the program
or activity for which the fund is established that shall be credited
to each fund by the Town Accountant; and
D. The department or agency head, board, committee or officer authorized
to spend from each fund.
Revolving Fund
|
Purpose
|
Revenue Source
|
Authorized to Expend Funds
|
---|
Council on Aging
|
To provide programs for seniors
|
Fees collected for senior center activities and field trips
|
Council on Aging
|
Board of Health
|
To provide services to operate flu clinic
|
Flu clinic fees
|
Board Of Health
|
Library
|
To address replacement of lost library books
|
Lost book fees
|
Library Trustees
|
Recreation
|
To provide recreation activities, field trips and field maintenance
|
Fees collected from programs
|
Recreation Committee
|
Public Works-Fields
|
To provide maintenance and upkeep of athletic fields
|
Athletic field maintenance fees
|
Director of DPW
|
Public Works-Merritt Center
|
To provide maintenance and upkeep of the Merritt Center
|
Rental fees from the Merritt Center
|
Director of DPW
|
Tree Replacement Fund
|
Buying, planting and maintaining trees in Lynnfield
|
Payments required under Tree Protection Bylaw
|
Planning Board
|
The revolving funds hereby established shall exist from and
after Fiscal Year 2019, subject to a vote of Town Meeting on or before
July 1 of each year as to the limit on the total amount that may be
expended from each fund in the following fiscal year.