This article 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.
[Adopted 5-1-2017 STM, Art. 6]
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 article without appropriation subject to the following limitations:
A.
Fringe benefits of full-time employees whose salaries or wages are paid from the fund, except for those employed as school bus drivers.
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.
Interest earned on monies credited to a revolving fund established by this article shall be credited to the general fund.
[Amended 5-6-2019 ATM by Art. 11; 11-14-2022 FYTM, Art. 13; 5-1-2023 ATM by Art. 13; 5-11-2024 ATM by Art. 15; 11-17-2025 FYTM by Art. 9]
Revolving Fund | Department, Board, Committee, Agency, or Officer Authorized to Spend from Fund | Fees, Charges or Other Receipts Credited to Fund | Program or Activity Expenses Payable from Fund | Restrictions or Conditions on Expenses Payable from Fund | Other Requirements/ Reports | Fiscal Years | Fiscal Year Spending Limit |
|---|---|---|---|---|---|---|---|
Crosby Mansion | Crosby Mansion Property Manager | Fees received for property and cottage rentals, tours and events | Pay for salaries, benefits, operating expenses, and contracted services | Expenses shall be related to salaries and operations of the Crosby Mansion and cottages and not used for any other purposes | Provide a quarterly status report of revenue, expenditures, and overall operations to the Town Administrator | Fiscal Year 2020 and subsequent years | $200,000 |
Recreation | Department Head -Recreation | Fees and charges related to seasonal program, yoga, youth sports, adult fitness, tennis and special events | Pay for salaries, benefits, operating expenses, and contracted services | Expenses shall be related to salaries and operations of providing recreational services and not used for any other purposes | Provide a quarterly status report of revenue, expenditures, and overall operations to the Town Administrator | Fiscal Year 2020 and subsequent years | $300,000 |
Tele-communications | Department Head - Information Techno-logy | Fees and charges related to cell towers | Pay for operating expense and contracted services | Expenses shall be related to operating, maintaining, and improvement of tele-communications in Town departments | Provide a quarterly status report of revenue, expenditures, and overall operations to the Town Administrator | Fiscal Year 2020 and subsequent years | $200,000 |
Bay Property Pool | Department Head - Recreation | Expenses shall be related to salaries and operations of the Bay Property Pool and not for any other purposes | $200,000 | ||||
Community Garden | Council on Aging and Town Manager | Fees received for community garden programs and related services and operations | Expenses shall be related to operating and managing the community garden and not used for any other purposes | $50,000 | |||
Short-Term Rentals | Department Heads -Community Planning & Land Use Management, Health Department, Fire Department | Expenses shall be related to salaries and operations of a short-term rental registration and/or inspection program, and not for any other purposes | $200,000 |