Town of Lancaster, MA Chapter 150 Revolving Funds

[HISTORY: Adopted by the Town of Lancaster 5-1-2017 ATM by Art. 7[1]. Amendments noted where applicable.]

[1] Editor's Note: This article was originally adopted as Ch. 216 of the Code, but was renumbered as Ch. 150, with the permission of the Town, to maintain the organizational style of the Code.

§ 150-1 Establishment.

There are hereby established in the Town of Lancaster pursuant to the provisions of MGL c. 44, § 53E 1/2, the following revolving funds, from which the specified department head, board, committee, or officer may incur liabilities against and spend monies from without appropriation in accordance with the limitations set forth in this bylaw.

§ 150-2 Payment of fringe benefits.

Fringe benefits of full-time employees whose salaries or wages are paid from the fund shall also be paid from the fund.

§ 150-3 Excess liability prohibited.

No liability shall be incurred in excess of the available balance of the fund.

§ 150-4 Amount spent not to exceed amount authorized.

[Amended 6-21-2021 ATM by Art. 7]

The total amount spent during a fiscal year shall not exceed the amount authorized by Annual Town Meeting or any increase therein as may later be authorized by the Select Board and Finance Committee in accordance with MGL c. 44 § 53E 1/2.

§ 150-5 Interest earned.

Interest earned on monies credited to a revolving fund established by this bylaw shall be credited to the General Fund.

§ 150-6 Authorized revolving funds.

[Amended 6-21-2021 ATM by Art. 7]

Revolving Fund Program or Purpose	Department Receipts To Be Credited to Fund	Representative or Board Entity Authorized To Spend
Stormwater management-engineering fees	Fees	Planning Board
Library charges - books, materials, photocopy equipment and supplies	Late book, materials, photocopy, lost item fees/charges	Library Trustees
Recreation Committee - program expenses and supplies	Fees and charges	Recreation Committee
Duval Road Sewer - use and maintenance charges	Fees and charges	Select Board
Community Center - program expenses	Fees and charges	Select Board
M.A.R.T - wages/expenses senior van	Reimbursement - M.A.R.T Bus fees	Council on Aging
Planning Board - planning-related services/expenses	Fees	Planning Board
Publications - reprinting expenses	Publication fees	Town Clerk
Recycling - operating expenses	Donations-Fees-Sale of Products	Recycling Committee
Community Development - legal ad publication and reprinting	Receipts for Advertising	Community Development & Planning
Agricultural Commission - farmer's market/other fees	Fee and charges	Agricultural Commission
Police Department - operating expenses	Fees	Select Board

§ 150-7 Procedures and reports.

Except as provided in MGL c. 44, § 53E 1/2 and this bylaw, all applicable state and local laws and regulations that govern the receipt, custody, expenditure and payment of Town funds shall apply to the use of revolving funds established and authorized by this bylaw.