[Formerly designated part of Art. VI]
Notwithstanding the provisions of any bylaw, rule or regulation
to the contrary, there is hereby established in the Town of Norwell
a Department of Finance. The Department of Finance is established
pursuant to the provisions of MGL c. 43C, § 11.
The Department shall include the present functions and statutory
duties of the Assessing, Accounting and Treasury/Collecting Departments.
Said Departments shall become divisions of the Department of Finance.
Said functions shall include, but not be limited to, the following:
A. Coordination
of all financial services and activities of the Town;
B. Maintenance
of all account records and other financial statements for the Town;
C. Payment
of all financial obligations on behalf of the Town;
D. Investment
of Town funds and management of debt;
E. Receipt
of all funds due the Town from any source;
F. Maintenance
of a system of property valuation;
G. Rendering
of advice, assistance, guidance and recommendations to all Town agencies
in any financial or fiscal affairs;
H. Monitoring
throughout the fiscal year the expenditure of funds by Town agencies;
and
I. Such
other activities as may be assigned by the Select Board or bylaw.
[Amended 5-8-2021 ATM by Art. 11]
In this bylaw, the words "Town agency" shall mean any board,
commission, committee, department or office of Town government, whether
elected, appointed or otherwise constituted, regardless of its sources
of funding.
[Adopted 5-8-2017 ATM,
Art. 25]
This bylaw establishes and authorizes revolving funds for use
by Town departments, boards and committees 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, § 53E1/2.
A department head, board or committee 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 in the fund.
C. The total
amount spent during a fiscal year shall not exceed the amount authorized
by Annual 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 Selectboard and Advisory Board.
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, § 53E1/2, 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 or committee on appropriations
made for its use.