[HISTORY: Adopted by the Town Meeting of the Town of North Andover. Amendments noted where applicable.]
The financial year of the Town shall begin with the first day of July and end with the 30th day of the following June.
No money shall be paid from the Town Treasury, except the state and county taxes and bank discount, without a warrant therefor signed by the Selectmen.
All promissory notes of the Town shall be signed by the Treasurer and countersigned by the Selectmen.
All Town officers, boards, and committees, who or which in any way receive or expend money belonging to the Town, shall keep a record of their official acts and an account of their receipts and expenditures. They shall make an annual report to the Town in season to be audited and incorporated into the Annual Town Report.
All Town officers, boards and committees, who or which shall receive money in behalf of the Town, shall pay to the Treasurer, monthly and oftener if so required by the Selectmen, all money so received. All other persons who shall have in their possession money belonging to the Town shall pay the same forthwith to the Town Treasurer.
The Collector or other official with the duty of collecting and receiving money due to the Town shall give a bond in a penal sum and with sureties approved by the Board of Selectmen.
No officer, board or committee of the Town shall have any pecuniary interest, either direct or indirect, personally or through another person, in any loan, contract or employment of any sort made by, with or for that department to which his or its duties pertain. All contracts or employment made in violation of this bylaw shall be void as to the Town, and no bills therefor shall be approved, audited or paid.
Water/Sewer bills will be issued on a quarterly basis and are due and payable on or before 30 days from the billing date (date of postmark). Payments are considered made when received by the Collector. Any unpaid bills will be reflected as arrears on the following bill cycle, with interest. Any payments received will be applied to interest and charges first, then the arrears portion, with the balance being applied to the current bill. A penalty of 14% interest per annum on the current water and sewer bill will accrue on overdue payments from the due date until payment is made. Fourteen days after the due date of the fourth quarter bill, a demand bill will be issued for the balance plus interest plus a fee of $5. This will be due 14 days after mailing. All bills outstanding for the quarter ended June 30 will be removed from the accounts receivable for water and sewer and applied for collection as part of the property tax, in accordance with MGL c. 40, §§ 42A and 42D.