This bylaw establishes and authorizes revolving funds for use by Town, 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.
[Adopted as Art. V, Sec. 3, of the Bylaws]
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;
B.
No liability shall be incurred in excess of the available balance of the fund; and
C.
The total amount spent during a fiscal year shall not exceed the amount authorized by the Town Council for that fiscal year, or any increased amount of that authorization that is later approved during that fiscal year by the Town Manager.
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 shall include a statement on the collections credited to the fund, the encumbrances and expenditures charged to each 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.
The table establishes:
A.
Each revolving fund authorized for use by a Town department, board, committee, agency, or officer;
B.
The department or agency head, board, committee, or officer authorized to spend from each fund;
C.
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;
D.
The expenses of the program or activity for which each fund may be used; and
E.
The fiscal years each fund shall operate under this bylaw.
[Amended 8-29-2023 by Measure No. 2023-079]
Revolving Account | Spending Authority | Revenue Source | Allowed Expenses | Fiscal Years |
|---|---|---|---|---|
E-Rate Fund | School Committee | E-Rate funds | To be used to help schools improve and expand telecommunications and technology, including training for staff and students | Fiscal year 2018 and subsequent years |
Fire Alarm Fund | Fire Department | Fire alarm fees | To be used to purchase, support, and maintain all communication supplies and services related to the fire alarm service/operation | Fiscal year 2018 and subsequent years |
WWII Memorial Pool Fees Fund | Parks and Recreation Commission | Swimming pool program fees | To be used to support the operating expenses and programs of the WWII Memorial Pool | Fiscal year 2018 and subsequent years |
Gas Inspections Fund | Inspections | 75% of gas inspection fees | To be used to pay the Inspectors performing these gas inspections | Fiscal year 2018 and subsequent years |
Plumbing Inspections Fund | Inspections | 75% of plumbing inspection fees | To be used to pay the Inspectors performing these plumbing inspections | Fiscal year 2018 and subsequent years |
Electrical Inspections Fund | Inspections | 75% of electrical inspection fees | To be used to pay the Inspectors performing these electrical inspections | Fiscal year 2018 and subsequent years |
Clinic Receipts Fund | Health Director and Public Health Nurse | Clinic related receipts from the provisions of public health services to citizens | To be used for payment of costs related to the performance of the clinic | Fiscal year 2018 and subsequent years |
Tax Title Collection Fund | Treasurer | Tax title collection fees, charges, and costs | To be used to pay tax title collection legal expenses | Fiscal year 2019 and subsequent years |
Retail Tobacco Inspection and Compliance Fund | Health Director and Public Nurse | 50% of annual tobacco permit fees, up to $4,500 | To be used to contract for retail tobacco inspections and compliance checks and expenses associated | Fiscal year 2020 and subsequent years |