[HISTORY: Adopted by the Annual Town Meeting of the Town
of Newbury 4-25-2017 by Art. 14.
Amendments noted where applicable.]
A.Â
This by-law 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 General Laws Chapter 44, § 53E1/2.
A.Â
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:
(1)Â
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 drivers2].
(2)Â
No liability shall be incurred in excess of the available balance
of the fund.
(3)Â
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 select board and finance committee.
Interest earned on monies credited to a revolving fund established
by this by-law shall be credited to the general fund.
Except as provided in General Laws Chapter 44, § 53E1/2
and this by-law, 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 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.
The Table establishes:
a.Â
Each revolving fund authorized for use by a town department, board,
committee, agency or officer,
b.Â
The department or agency head, board, committee or officer authorized
to spend from each fund,
c.Â
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.Â
The expenses of the program or activity for which each fund may be
used,
e.Â
Any restrictions or conditions on expenditures from each fund,
f.Â
Any reporting or other requirements that apply to each fund, and
g.Â
The fiscal years each fund shall operate under this by-law.
Board/ Department/ Officer authorized to expend:
|
Revenue Source
|
Funds may be expended only for:
|
FISCAL YEARS
|
Fund
| |
---|---|---|---|---|---|
Newbury Recreation Committee with the approval of the Town Administrator
|
Fees charged for field usage
|
field maintenance and capital and other expenses
|
Fiscal Year 2018 and subsequent years
|
Recreation Revolving Fund
| |
Harbormaster, subject to the approval of the Town Administrator
|
Funds received as required by Clause (i) Section 2 of Chapter
60B of the General Laws and sums received from waterway fees, permits,
fines, or any other designated sources
|
Municipal Waterways Improvement and Maintenance
|
Fiscal Year 2018 and subsequent years
|
Municipal Waterways Improvement and Maintenance Fund
|