There are hereby established in the Town of Lancaster pursuant to the provisions of MGL c. 44, § 53E 1/2, the following revolving funds, from which the specified department head, board, committee, or officer may incur liabilities against and spend monies from without appropriation in accordance with the limitations set forth in this bylaw.
[HISTORY: Adopted by the Town of Lancaster 5-1-2017 ATM by Art. 7[1]. Amendments noted where applicable.]
Fringe benefits of full-time employees whose salaries or wages are paid from the fund shall also be paid from the fund.
No liability shall be incurred in excess of the available balance of the fund.
[Amended 6-21-2021 ATM by Art. 7]
The total amount spent during a fiscal year shall not exceed the amount authorized by Annual Town Meeting or any increase therein as may later be authorized by the Select Board and Finance Committee in accordance with MGL c. 44 § 53E 1/2.
Interest earned on monies credited to a revolving fund established by this bylaw shall be credited to the General Fund.
[Amended 6-21-2021 ATM by Art. 7]
Revolving Fund Program or Purpose | Department Receipts To Be Credited to Fund | Representative or Board Entity Authorized To Spend |
|---|---|---|
Stormwater management-engineering fees | Fees | Planning Board |
Library charges - books, materials, photocopy equipment and supplies | Late book, materials, photocopy, lost item fees/charges | Library Trustees |
Recreation Committee - program expenses and supplies | Fees and charges | Recreation Committee |
Duval Road Sewer - use and maintenance charges | Fees and charges | Select Board |
Community Center - program expenses | Fees and charges | Select Board |
M.A.R.T - wages/expenses senior van | Reimbursement - M.A.R.T Bus fees | Council on Aging |
Planning Board - planning-related services/expenses | Fees | Planning Board |
Publications - reprinting expenses | Publication fees | Town Clerk |
Recycling - operating expenses | Donations-Fees-Sale of Products | Recycling Committee |
Community Development - legal ad publication and reprinting | Receipts for Advertising | Community Development & Planning |
Agricultural Commission - farmer's market/other fees | Fee and charges | Agricultural Commission |
Police Department - operating expenses | Fees | Select Board |
Except as provided in MGL c. 44, § 53E 1/2 and this bylaw, all applicable state and local laws and regulations that govern the receipt, custody, expenditure and payment of Town funds shall apply to the use of revolving funds established and authorized by this bylaw.