[HISTORY: Adopted by the Town Meeting of the Town of Mansfield 4-11-2017 ATM by Art. 18. Amendments noted where applicable.]
This chapter 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 MGL c. 44, § 53E 1/2.
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 chapter without appropriation subject to the following limitations:
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].
No liability shall be incurred in excess of the available balance of the fund.
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 the Finance Committee.
Interest earned on monies credited to a revolving fund established by this chapter shall be credited to the general fund.
Except as provided in MGL c. 44, § 53E 1/2, and this chapter, the laws, Charter provisions, bylaws, 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 chapter. The Town Accountant 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 provides the department, board, committee, agency or officer on appropriations made for its use.
[Amended 4-9-2019 ATM by Art. 13]
Revolving funds are established and authorized for use by certain Town departments, boards, committees, agencies, or officers under M.G.L. c. 44, § 53E 1/2 as follows: