[Added 12-27-2016 by Ord.
No. 2016-37; amended 10-10-2017 by Ord. No. 2017-22]
A. Purpose.
This article establishes and authorizes revolving funds for use by
the City, departments, boards, committees, agencies and 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.
B. Expenditure
limitations. 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:
(1) Fringe
benefits of full-time employees whose salaries or wages are paid from
the fund shall also be paid from the fund.
(2) No
liability shall be incurred in excess of the available balance of
the fund.
(3) The
total amount spent during a fiscal year shall not exceed the amount
authorized by the City Council 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 Mayor and City Council.
C. Interest.
Interest earned on monies credited to a revolving fund established
by this article shall be credited to the general fund.
D. Procedures
and reports. Except as provided in MGL c. 44, § 53E 1/2
and this article, the laws, Charter provisions, ordinances, rules,
regulations, policies or procedures that govern the receipt and custody
of City monies and the expenditure and payment of City funds shall
apply to the use of a revolving fund established and authorized by
this article. The City Auditor shall include a statement on the collections
credited to each fund, the encumbrances and expenditures charged to
the fund and the balance available for the expenditure in the regular
report the City Auditor provides the department, board, committee,
agency or officer on appropriations made for its use.
The purpose of this mooring fees revolving fund is to meet,
in whole or in part, expenses relating to the upkeep and maintenance
of City-owned moorings. The account shall be funded by the mooring
rental receipts. The fund will be utilized by the Harbormaster under
the supervision of the Police Department. The fund shall be held in
and appropriated from in the manner provided in MGL c. 44, § 53E 1/2
The purpose of this hazardous materials recovery revolving fund
is for training, supplies and special equipment needed for Fire Department
personnel to respond to hazardous materials incidents. The account
shall be funded by hazardous material recovery fees. The fund will
be utilized by the Fire Department.
The purpose of this cleaning and securing buildings (vacant
lots) revolving fund is for supplies, expenses and vendor payments
for property clean-ups. The account shall be funded by liens placed
on properties for clean-up. The fund will be utilized by Code Enforcement.
The purpose of this demolition revolving fund is for supplies,
expenses and vendor payments for demolition of unsafe buildings. The
account shall be funded by liens placed on properties for demolition
of unsafe buildings. The fund will be utilized by Code Enforcement.
The purpose of this home composting revolving fund is for supplies,
expenses and vendor payments for the home composting program. The
account shall be funded by receipts related to the home composting
program. The fund will be utilized by Community Maintenance.
The purpose of this solid waste-recycling recovery revolving
fund is for supplies, expenses and vendor payments for the solid waste-recycling
program. The account shall be funded by receipts related to the solid
waste-recycling program. The fund will be utilized by Community Maintenance.
The purpose of this trolley and handicap bus revolving fund
is for supplies, expenses and vendor payments for the trolley and
handicap bus program. The account shall be funded by receipts related
to the trolley and handicap bus program. The fund will be utilized
by Community Maintenance.
The purpose of this street light pole repairs revolving fund
is for supplies, expenses and vendor payments for street light pole
repairs/replacements. The account shall be funded by receipts related
to energy efficiency and similar receipts. The fund will be utilized
by Community Maintenance.
The purpose of this music activities revolving fund is for supplies,
expenses and vendor payments for music-related activities. The account
shall be funded by student recovery/rental fees for music-related
activities. The fund will be utilized by the School Department.
The purpose of this school store revolving fund is for supplies,
expenses and vendor payments for student-related purchases and sale
of small items. The account will be funded by student-related purchases
and sales of small items. The fund will be utilized by the School
Department.
The purpose of this culinary arts meals/functions revolving
fund is for supplies, expenses and vendor payments for the student-run
restaurant. The account will be funded by sales and other receipts
from the student-run training restaurant. The fund will be utilized
by the School Department.
The purpose of this summer tuition revolving fund is for supplies,
expenses and vendor payments for summer/enrichment programs. The account
will be funded by receipts from the summer/enrichment programs. The
fund will be utilized by the School Department.
The purpose of this athletic events revolving fund is for supplies,
expenses and vendor payments for athletic events. The account will
be funded by gate receipts from athletic events. The fund will be
utilized by the School Department.
The purpose of this day care revolving fund is for supplies,
expenses and vendor payments for day-care programs. The account will
be funded by receipts from the "before" and "after" day-care programs.
The fund will be utilized by the School Department.
The purpose of this school use revolving fund is for supplies,
expenses and vendor payments for school properties usage. The account
will be funded from receipts from the use of school properties. The
fund will be utilized by the School Department.
[Added 9-25-2018 by Ord.
No. 2018-37]
The purpose of this revolving fund is to meet, in whole or in
part, expenses relating to the replacement of the aging vehicle fleet
in the Facilities Maintenance Division. The account shall be funded
by the Facilities Maintenance's operating budget and sale of Facilities
Maintenance vehicles. The fund will be utilized by the Director of
Facilities Maintenance. The fund shall be held in and appropriated
from in manner provided in Massachusetts General Laws, Chapter 53,
Section E 1/2.
[Added 9-25-2018 by Ord.
No. 2018-38]
The purpose of this revolving fund is to meet, in whole or in
part, expenses relating to the replacement of aging cruisers in the
Police Department. The account shall be funded by receipts related
to police detail with cruisers. The fund will be utilized by the Police
Department. The fund shall be held in and appropriated from in manner
provided in Massachusetts General Laws, Chapter 53, Section E 1/2.