Canton, Massachusetts · Saved source text
Article 11 Motion 1 DRAFT - Authorize Certain Revolving Funds
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Source page 1
A~~ c I~ I ~ Mir f
ARTICLE XX
AUTHORIZE CERTAIN REVOLVING FUNDS
Article XX To see what revolving funds pursuant to c. 44, section 53E %2 of the General Laws of the
Commonwealth the town will establish by by-law and to determine the limit on total amount that
may be expended from said revolving accounts, for various boards, commissions or departments of
the town,for the fiscal year beginning July 1, 2018 and ending June 30, 2019, or to take any other
action related thereto.
Board ofSelectmen
MOTION 1
MOVED: That the General By-Laws be amended by adding a new Section 16 to Article VIII as follows:
DEPARTMENTAL REVOLVING FUNDS
1: Purpose —This by-law 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
General laws Chapter 44, section 53E%.
2. Expenditure Limitations —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.
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
a nnual 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 Selectmen and
Finance Committee.
3. Interest —Interest earned on monies credited to a revolving fund established by this by-law shall
be credited to the general fund.
4. Procedures and Reports — Except as provided in General Laws Chapter 44, section 53E%and this
by-laws, the laws, charter provisions, by-laws, 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 by-law. The TownSource page 2
Accountant shall include a statement on the collections dited to the fund, the encumbrances
and expenditures charged to each fund and the balance ailable for expenditure in the regular
report the Town Accountant provides the department, ~ Ord, committee, agency or officer on
a ppropriations made for its use.
5. Authorized Revolving Funds —The Table set forth below iablishes;
a. Each revolving fund authorized for use by a tow.. department, board, committee,
agency or officer,
b. The department or agency head, board, commis ~ or officer authorized to spend from
each fund,
c. The fees, charges and other monies charged anc; ; eceived by the department, board,
committee, agency or officer in connection with'~ ~e program or activity for which the
fund is established that shall be credited to each ~ and by the Town Accountant,
d. The expenses of the program or activity for which each fund may be used,
e. The fiscal years each fund shall operate under this by-law.
Revolving Fund Department, Fees, Charges or Program or Fiscal Years
Board, Other Receipts Activity Expenses
Committee, Credited to Fund Payable from
Agency or Officer Fund
Authorized to
Spend from Fund
# —Traffic Board of Fees related to Providing Fiscal Year 2019
Management Selectmen development (e.g. additional funding and subsequent
Fund in-lieu of for transportation years
construction) or studies, design, or
development construction
mitigation projects not
payments, grants, currently funded
contributions, under Chapter 90,
donations, capital plans, or
reimbursements, department
other allocations budgets; Includes
from reserve fund, all modes of
mitigation fund transportation