This article establishes and authorizes revolving funds for use by City 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, § 53E1/2.
[Adopted 6-22-2021]
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 article 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.
C.
The total amount spent during a fiscal year shall not exceed the amount authorized by the City Council 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 Municipal Council and Mayor.
Interest earned on monies credited to a revolving fund established by this article shall be credited to the general fund.
Except as provided in MGL c. 44, § 53E1/2, and this article, the laws, Charter provisions, ordinances, rules, regulations, policies or procedures that govern the receipt and custody of City monies and the expenditure and payment of City funds shall apply to the use of a revolving fund established and authorized by this article. The City 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 City Auditor provides the department, board, committee, agency or officer on appropriations made for its use.
A.
Human Services Revolving Fund.
(1)
Fund name. There shall be a separate fund called the "Human Services Revolving Fund" for the use of the Department of Human Services.
(2)
Revenues. The City Auditor shall establish the Human Services Revolving Fund as a separate account and credit to the fund monies and fees paid by or for individuals to participate in community activities and events sponsored by the Human Services Department.
(3)
Purposes and expenditures. During each fiscal year, the Human Services Department may incur liabilities against and spend monies from the Human Services Revolving Fund for expenses of hosting community activities and events, including supplies; food; materials; fees of speakers, presenters, trainers and entertainers; and other direct costs of community activities and events hosted by said Department. Salaries or wages of employees shall not be paid from the fund.
(4)
Reports. Within 10 days of the end of each quarter of the fiscal year, the Director of Human Services must provide the Human Services Board of Directors and the City Auditor with a report of the revenues and expenditures of the Human Services Revolving Fund during the month and fiscal year to date.
(5)
Fiscal years. The Human Services Revolving Fund shall operate for fiscal years that begin on or after July 1, 2021.
B.
School Department: Student Computer Revolving Fund.
[Added 12-6-2022]
(1)
Fund name. There shall be a separate fund called the "Student Computer Revolving Fund" for the use of the School Department.
(2)
Revenues. The City Auditor shall establish the Student Computer Revolving Fund as a separate account and credit to the fund all monies and fees paid by or on behalf of students of the Taunton public schools for replacement or repair of student-issued computers and computer accessories. The term "computer," for purposes of this subsection, is inclusive of laptops, tablets, and other portable computing devices.
(3)
Purposes and expenditures. During each fiscal year, the School Department may incur liabilities against and spend monies from the Student Computer Revolving Fund for expenses of acquiring, repairing, replacing, and maintaining of student-issued computers and computer accessories. Salaries or wages of employees shall not be paid from the fund.
(4)
Reports. Within 10 days of the end of each quarter of the fiscal year, the Superintendent of Schools, or the Superintendent's designee, must provide the School Committee and the City Auditor with a report of the revenues and expenditures of the Student Computer Revolving Fund during the month and fiscal year to date.
(5)
Fiscal years. The Student Computer Revolving Fund shall operate for fiscal years that begin on or after July 1, 2022.
C.
School Department: Maintenance and Supplies Revolving Fund.
[Added 5-2-2023]
(1)
Fund name. There shall be a separate fund called the "Maintenance and Supplies Revolving Fund" for the use of the School Department.
(2)
Revenues. The City Auditor shall establish the Maintenance and Supplies Revolving Fund as a separate account and credit to the fund 80% of the sale proceeds from the sale of surplus School Department items, equipment, goods and inventory. The remaining 20% shall be deposited into the City of Taunton miscellaneous nonrecurring revenue account.
(3)
Purposes and expenditures. During each fiscal year, the School Department may incur liabilities against and spend monies from the Maintenance and Supplies Revolving Fund for expenses of school maintenance. Salaries or wages of employees shall not be paid from the fund.
(4)
Reports. Within 10 days of the end of each quarter of the fiscal year, the Superintendent of Schools, or the Superintendent's designee, must provide the School Committee and the City Auditor with a report of the revenues and expenditures of the Maintenance and Supplies Revolving Fund during the month and fiscal year to date.
(5)
Fiscal years. The Maintenance and Supplies Revolving Fund shall operate for fiscal years that begin on or after July 1, 2023.
D.
Lake Sabbatia Revolving Fund.
[Added 5-2-2023]
(1)
Fund name. There shall be a separate fund called the "Lake Sabbatia Revolving Fund" for the use of the City to maintain Lake Sabbatia and fund initiatives.
(2)
Revenues. The City Auditor shall establish the Lake Sabbatia Revolving Fund as a separate account and credit all sums received from Lake Sabbatia parking lot revenue to said account.
(3)
Purposes and expenditures. During each fiscal year, the City may incur liabilities against and spend monies from the Lake Sabbatia Revolving Fund for expenses related to the maintenance, improvement and Lake Sabbatia initiatives as approved by the Mayor or Mayor's designee. Salaries or wages of employees shall not be paid from the fund.
(4)
Reports. Within 10 days of the end of each quarter of the fiscal year, the Mayor, or the Mayor's designee, must provide the City Council and the City Auditor with a report of the revenues and expenditures of the Lake Sabbatia Revolving Fund during the month and fiscal year to date.
(5)
Fiscal years. The Lake Sabbatia Revolving Fund shall operate for fiscal years that begin on or after July 1, 2023.
Fiscal years. The Lake Sabbatia Revolving Fund shall operate for fiscal years that begin on or after July 1, 2023.