Town of Dover, MA Revolving Funds

Purpose. This bylaw establishes and authorizes revolving funds for use by specified 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.

Expenditure limitations. The specified 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 any increased amount of that authorization that is later approved during that fiscal year by the Board of Selectmen and Finance Committee.

Interest. Interest earned on monies credited to a revolving fund established by this bylaw shall be credited to the General Fund.

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 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.

Authorized revolving funds. The following table establishes:

[Amended 5-7-2018 ATM by Art. 8]

(1)

Each revolving fund authorized for use by a Town department, board, committee, agency or officer for Fiscal Year 2019 and all subsequent years;

(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;

(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; and

(6)

Any reporting or other requirements that apply to each fund.

Revolving Fund	Department, Board, Committee or Officer Authorized to Spend from Fund	Fees, Charges or Other Receipts Credited to Fund	Program or Activity Expenses Payable from Fund
Building Department	Building Commissioner	Building permits and other inspection fees	Costs for services of Gas, Plumbing, and Wiring Inspectors
Board of Health	Board of Health	Health inspection fees	1. Perk and deep hole inspection and permitting; 2. Septic inspection and permitting; 3. Well inspections and permitting; and 4. Swimming pool inspection and permitting.
Library	Library Director	Library fees	Materials replacement
Council on Aging	Council on Aging	Program fees	Senior activities and transportation costs
Recycling Committee	Recycling Committee	Material sales and proceeds	Purchase of materials for sale