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 Massachusetts General Laws Chapter 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 Select Board and Finance Committee.
[Amended 10-22-2018 STM by Art.
1]
Interest earned on monies credited to a revolving fund established
by this bylaw shall be credited to the general fund.
Except as provided in Massachusetts General Laws Chapter 44,
§ 53E 1/2 and this bylaw, the laws, bylaws/ordinances, 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.
[Added 5-4-2019 ATM by
Art. 34]
A. Fund name. There shall be a separate fund called the Parks and Recreation
Beach Revolving Fund authorized for use by the Parks and Recreation
Commission.
B. Revenues. The Town Accountant shall establish the Parks and Recreation
Beach Revolving Fund as a separate account and credit to the Fund
all of the program and activity fees charged and received by the Parks
and Recreation Commission in connection with the activities at the
beach, on the water, docks, and moorings operated by or allowed by
the Parks and Recreation Commission.
C. Purposes and expenditures. During each fiscal year, the Parks and
Recreation Commission may incur liabilities against and spend monies
from the Parks and Recreation Beach Revolving Fund for the expenses
of the Town Beach.
D. Fiscal years. The Parks and Recreation Beach Revolving Fund shall
operate for fiscal years that begin on or after January 1, 2019.
[Added 6-20-2020 ATM,
Art. 16]
A. Fund name. There shall be a separate fund called the Parks and Recreation
Field Maintenance Revolving Fund authorized for use by the Parks and
Recreation Commission.
B. Revenues. The Town Accountant shall establish the Parks and Recreation
Field Maintenance Revolving Fund as a separate account and credit
to the Fund all of the program and activity fees charged and received
by the Parks and Recreation Commission in connection with the activities
at the Town fields operated by the Parks and Recreation Commission.
C. Purposes and expenditures. During each fiscal year, the Parks and
Recreation Commission may incur liabilities against and spend monies
from the Parks and Recreation Field Maintenance Revolving Fund for
the expenses of the Town fields.
D. Fiscal Years. The Parks and Recreation Field Revolving Fund shall
operate for fiscal years that begin on or after July 1, 2020.
[Added 5-14-2022 ATM
by Art. 25]
A. Fund name. There shall be a separate fund called the Harvard Elementary
School Electric Vehicle Charging Station Revolving Fund authorized
for use by the Harvard School Committee.
B. Revenues. The Town Accountant shall establish the Harvard Elementary
School Electric Vehicle Charging Station Revolving Fund as a separate
account and credit to the Fund all of the fees charged and received
by the Harvard School Committee in connection with the use of the
charging station.
C. Purposes and expenditures. During each fiscal year, the Harvard School
Committee may incur liabilities against and spend monies from the
Harvard Elementary School Electric Vehicle Charging Station Revolving
Fund for the expenses of the charging station.
D. Fiscal years. The Harvard Elementary School Electric Vehicle Charging
Station Revolving Fund shall operate for fiscal years that begin on
or after July 1, 2022.
[Added 4-29-2023 ATM by Art. 22]
A. Fund
name. There shall be a separate fund called the Parks and Recreation
Revolving Fund, authorized for use by the Harvard Parks and Recreation
Director.
B. Revenues.
The Town Accountant shall establish the Parks and Recreation Revolving
Fund as a separate account and credit to the Fund all of the fees
charged and received by the Harvard Parks and Recreation Director
in connection with various non-beach activities.
C. Purposes
and expenditures. During each fiscal year, the Harvard Parks and Recreation
Director may incur liabilities against and spend monies from the Parks
and Recreation Revolving Fund for the expenses of the programs for
which the fees are collected.
D. Fiscal
years. The Parks and Recreation Revolving Fund shall operate for fiscal
years that begin on or after July 1, 2023.