[Added 11-21-1994; amended 11-4-2014]
The Financial Town Meeting may, by resolution
which has been publicly noticed in the warrant for such meeting, establish
an enterprise fund for the specific purposes contained in the resolution,
which purposes shall be limited to (a) financing the cost (expenses,
including depreciation) of providing goods or services on a continuing
basis through user charges wherein a determination is made by the
Town Council that such operations are operated in a manner similar
to private business enterprises; or (b) for the purposes of capital
maintenance, public policy, management control, accountability or
other such purposes wherein a determination is made by the Town Council
that revenues earned, expenses incurred, and/or net income is appropriate
for such purposes. An accounting of income and expenditures of any
such established enterprise fund shall be made on an annual basis
at the Financial Town Meeting.
