[Adopted 5-21-2018 ATM
by Art. 10 and Art. 11 (Ch. 2, Art. VIII, Div. 4, of the 1988 Revised
General Bylaws)]
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.
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:
A.
Fringe benefits of full-time employees whose salaries or wages are
paid from the fund shall also be 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 Board of Selectmen and Advisory
and Finance Committee.
Interest earned on monies credited to a revolving fund established
by this bylaw shall be credited to the general fund.
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/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 expenditure in the regular
report the town accountant/auditor provides the department, board,
committee, agency or officer on appropriations made for its use.
[Amended 6-14-2021 ATM by Art. 10]
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(A)
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(B)
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(C)
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(D)
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(E)
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(F)
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(G)
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Revolving Fund
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Department, Board, Committee, Agency or Officer Authorized to
Spend from Fund
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Fees, Charges or Other Receipts Credited to Fund
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Program or Activity Expenses Payable from Fund
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Restrictions or Conditions on Expenses Payable from Fund
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Other Requirements/Reports
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Fiscal Year
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Social Day Care Programs
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Council on Aging
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All receipts and fees received by COA for participation in Social
Day Care programs
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Social Day Care Program
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FY2018 and subsequent years
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Fire Alarm Inspections
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Fire Department, subject to approval of the Board of Selectmen
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All receipts and charges from conducting fire alarm inspections
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Conducting fire alarm inspections
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FY2018 and subsequent years
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Boat Ramp
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Harbormaster, subject to approval of the Board of Selectmen
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Boat ramp fees
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Functions and maintenance of John B. Heywood Boat Ramp
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FY2018 and subsequent years
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Shellfish
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Chief of Police
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All receipts and charges from the shellfish program
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Operation of the shellfish program
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FY2018 and subsequent years
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