[Amended by 4-24-1982 ATM, Art. 25]
An audit of the accounts of the Town shall be made periodically as determined by the Board of Selectmen, state or federal regulations and requirements; in no case shall the Town be audited less than once every three years.
Every officer, board, committee or department shall pay unto the Treasurer of the Town, not later than 30 days from the receipt thereof, all amounts received by him or them on behalf of the Town, except as otherwise provided by law, and shall also make a true return thereof to the Town Accountant stating the accounts upon which such amounts were received. The Town Treasurer shall deposit all income not later than 10 days subsequent to its receipt.
Except as otherwise provided by law, the Selectmen shall have custody of all bonds, deeds, titles, insurance policies, copies of surveys, studies, reports and other similar documents owned by the Town. The Town Accountant shall have custody of all contracts.
[Added by 5-30-2017 ATM, Art. 8]
A. 
Purpose: 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 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 bylaw 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 Town Meeting on or before July 1 of that fiscal year, or an increased amount of that authorization that is later approved during the fiscal year by the Selectmen and Finance Committee.
C. 
Interest: Interest earned on monies credited to a revolving fund established by this bylaw shall be credited to the general fund.
D. 
Procedures and reports: Except as provided in MGL c. 44, § 53E 1/2 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/Finance Director 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/Finance Director provides the department, board, committee, agency or officer on appropriations made for its use.
E. 
Authorized revolving funds: The table establishes:
(1) 
Each revolving fund authorized for use by a Town department, board, committee, agency, or officer;
(2) 
The department or agency head, board, committee or officer authorized to spend from each fund;
(3) 
The fees, charges and other monies charged and received by the department, board, committee, agency or officer in connection with the program or activity for which the fund is established that shall be credited to each fund by the Town Accountant/Finance Director;
(4) 
The expenses of the program or activity for which each fund may be used;
(5) 
Any restrictions or conditions on expenditures from each fund;
(6) 
Any reporting or other requirements that apply to each fund; and
(7) 
The fiscal years each fund shall operate under this bylaw.
A
Revolving Fund
B
Department, Board, Committee, Agency or Officer Authorized to Spend from Fund
C
Fees, Charges or Other Receipts Credited to Fund
D
Program or Activity Expenses Payable from Fund
E
Restrictions or Conditions on Expenses Payable from Fund
F
Other Requirements/ Reports
G
Fiscal Years
Library Revolving Fund
Library Board of Trustees
Receipts from use of the Library copiers, printers and facsimile machines
Expenses related to maintaining Library copiers, printers and facsimile machines and purchasing supplies related thereto
Salaries or wages of full-time employees shall be paid through annual budget appropriation
N/A
Fiscal Year 2018 and subsequent years