[Amended 8-13-2018]
This by-law establishes and authorizes revolving funds for use
by town departments, boards, committees, agencies or officers in connection
with the operations 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 General Laws Chapter 44, §53E1/2.
[Amended 8-13-2018]
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 by-law 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 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 town council.
[Amended 8-13-2018]
Interest earned on monies credited to a revolving fund established
by this by-law shall be credited to the general fund.
[Amended 8-13-2018]
Except as provided in General Laws Chapter 44, §53E1/2
and this by-law, the laws, charter provisions, by-laws/ordinances,
rules, regulations, policies or procedures that govern the receipt
and custody of town monies and the expenditure and payment of the
town funds shall apply to the use of a revolving fund established
and authorized by this by-law. The town accountant shall include a
statement of the collections credited to each fund, the encumbrances
and expenditures charged to the fund and the balance available for
the expenditure in the regular report the town accountant provides
the department, board, committee, agency or officer on appropriations
made for its use.
[Amended 8-13-2018; 5-20-2024; 6-17-2024]
11-500.1.
Lease Properties Revolving Fund.
11-500.1.1.
Fund Name. There shall be a separate fund called the leased properties
revolving fund authorized for use by the community services department.
11-500.1.2.
Revenues. The town accountant shall establish the leased properties
revolving fund as a separate account and credit to the fund all of
the lease and other revenue charged and received by the community
services department in connection with the lease of town-owned properties,
except for the airport.
11-500.1.3.
Purpose and Expenditures. During each fiscal year, the community
services department may incur liabilities against and spend monies
from the leased properties revolving fund for repairs, improvements,
utilities and other expenses for all town-owned properties, except
for the airport.
11-500.1.4.
Other Requirements/Reports. None.
11-500.1.5.
Fiscal Years. The leased properties revolving fund shall operate
for fiscal years that begin on or after July 1, 2018.
11-500.2.
Southbridge Airport Leased Properties Revolving Fund.
11-500.2.1.
Fund Name. There shall be a separate fund called the Southbridge
airport leased properties revolving fund authorized for use by the
airport commission.
11-500.2.2.
Revenues. The town accountant shall establish the Southbridge airport
leased properties revolving fund as a separate account and credit
to the fund all of the lease and other revenue charged and received
by the airport commission in connection with the airport.
11-500.2.3.
Purpose and Expenditures. During each fiscal year, the airport commission
may incur liabilities against and spend monies from the Southbridge
airport leased revolving fund for repairs, improvements, utilities
and other expenses in connection with the airport.
11-500.2.4.
Other Requirements/Reports. None.
11-500.2.5.
Fiscal Years. The leased properties revolving Fund shall operate
for fiscal years that begin on or after July 1, 2018.
11-500.3.
Toter Maintenance Revolving Fund.
11-500.3.1.
Fund Name. There shall be a separate fund called the toter maintenance
revolving fund authorized for use by the health department.
11-500.3.2.
Revenues. The town accountant shall establish the toter maintenance
revolving fund as a separate account and credit to the fund all of
the fees from lost toters received by the health department in connection
with the toter program.
11-500.3.3.
Purpose and Expenditures. During each fiscal year, the health department
may incur liabilities against and spend monies from the toter maintenance
revolving fund for replacement of toters in connection with the toter
program.
11-500.3.4.
Other Requirements/Reports. None.
11-500.3.5.
Fiscal Years. The toter maintenance revolving fund shall operate
for fiscal years that begin on or after July 1, 2018.
11-500.4.
Demolition of Buildings Revolving Fund.
11-500.4.1.
Fund Name. There shall be a separate fund called the demolition of
buildings revolving fund authorized for use by the health department.
11-500.4.2.
Revenues. The town accountant shall establish the demolition of buildings
revolving fund as a separate account and credit to the fund all of
the revenue recaptured by the health department in connection with
the demolition of buildings program.
11-500.4.3.
Purpose and Expenditures. During each fiscal year, the health department
may incur liabilities against and spend monies from the demolition
of buildings revolving fund for expenses associated with the demolition
of buildings.
11-500.4.4.
Other Requirements/Reports. None.
11-500.4.5.
Fiscal Years. The demolition of buildings revolving fund shall operate
for fiscal years that begin on or after July 1, 2018.
11-500.5.
Municipal Hearing Officer Revolving Fund.
11-500.5.1.
Fund Name. There shall be a separate fund called the municipal hearing
officer revolving fund authorized for use by the town manager.
11-500.5.2.
Revenues. The town accountant shall establish the municipal hearing
officer revolving fund as a separate account and credit to the fund
all of the revenue from fines in violation of MGL Chapter 148A and
Chapter 115 of the Acts of 2009 received in connection with the program.
11-500.5.3.
Purpose and Expenditures. During each fiscal year, the town manager
may incur liabilities against and spend monies from the municipal
hearing officer revolving fund for expenses associated with the administration
and collection of fines in violation of MGL Chapter 148A and Chapter
115 of the Acts of 2009.
11-500.5.4.
Other Requirements/Reports. None.
11-500.5.5.
Fiscal Years. The municipal hearing officer revolving fund shall
operate for fiscal years that begin on or after July 1, 2018.
11-500.6.
Southbridge Middle/High School Store Revolving Fund.
11-500.6.1.
Fund Name. There shall be a separate fund called the Southbridge
middle/high school store revolving fund authorized for use by the
school business manager.
11-500.6.2.
Revenues. The town accountant shall establish the Southbridge middle/high
school store revolving fund as a separate account and credit to the
fund all of the sales and other revenues received by the school business
manager in connection with the school store program.
11-500.6.3.
Purpose and Expenditures. During each fiscal year, the school business
manager may incur liabilities against and spend monies from the Southbridge
middle/high school store revolving fund for expenses associated with
the school store operations.
11-500.6.4.
Other Requirements/Reports. None.
11-500.6.5.
Fiscal Years. The Southbridge middle/high school revolving fund shall
operate for fiscal years that begin on or after July 1, 2018.
11-500.7.
Commercial Loan Revolving Fund.
11-500.7.1.
Fund Name. There shall be a separate fund called the Commercial Loan
Revolving Fund authorized for use by the Economic Development and
Planning Department.
11-500.7.2.
Revenues. The Town Accountant shall establish the Commercial Loan
Revolving Fund as a separate account and credit to the fund all of
the ARPA commercial loans charged and received by the Department in
connection with the ARPA Commercial Loan Program.
11-500.7.3.
Purpose and Expenditures. During each fiscal year, the Economic Development
and Planning Department may incur liabilities against and spend monies
from the Commercial Loan Revolving Fund for expenses associated with
ARPA Commercial Loan Program, office supplies, advertising, and any
expenses related to the collection of funds.
11-500.7.4.
Other Requirements/Reports. None.
11-500.7.5.
Fiscal Years. The Commercial Loan Revolving Fund shall operate for
fiscal years that begin on or after July 1, 2023.
11-500.8.
Senior Center Revolving Fund.
11-500.8.1.
Fund Name. There shall be a separate fund called the Senior Center
Revolving Fund authorized for use by the Senior Center.
11-500.8.2.
Revenues. The Town Accountant shall establish the Senior Center Revolving
Fund as a separate account and credit to the fund all of the program
fees, private sponsorship, donations and participation fees charged
and received by the Senior Center Department in connection with the
operation of the Senior Center.
11-500.8.3.
Purposes and Expenditures. During each fiscal year, the Community/Senior
Center Director may incur liabilities against and spend monies from
the Senior Center Revolving Fund for payment to instructors, presenters,
service providers, supplies for special programs and repairs in connection
with the operation of the Senior Center.
11-500.8.4.
Other Requirements/Reports. None.
11-500.8.5.
Fiscal Years. The Senior Center Revolving Fund shall operate for
fiscal years that begin on or after July 1,2024.
