Town of Foxborough, MA
Norfolk County
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[Added 5-8-2017 ATM by Art. 11]
This bylaw 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 bylaw without appropriation subject to the following limitations:
A. 
Fringe benefits of 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 Town Meeting on or before July 1 of that fiscal year, or an increased amount of that authorization that is later approved during the fiscal year by the Board of Selectmen and Advisory Committee.
Interest earned on monies credited to a revolving fund established by this bylaw shall be credited to the general fund.
Except as provided in MGL c. 44, § 53E 1/2 and this bylaw, 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 bylaw. The Town Accountant/Finance Director 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/Finance Director provides the department, board, committee, agency or officer on appropriations made for its use.
The table establishes:
A. 
Each revolving fund authorized for use by a Town department, board, committee, agency, or officer;
B. 
The department or agency head, board, committee or officer authorized to spend from each fund;
C. 
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/Finance Director;
D. 
The expenses of the program or activity for which each fund may be used;
E. 
Any restrictions or conditions on expenditures from each fund;
F. 
The fiscal years each fund shall operate under this bylaw.
A
Revolving Fund
B
Department, Board, Committee, Agency or Officer Authorized to Spend from Fund
C
Fees, Charges or Other Receipts Credited to Fund
D
Program or Activity Expenses Payable from Fund
E
Restrictions or Conditions on Expenses Payable from Fund
F
Fiscal Years
Recreation Revolving Fund
Board of Recreation
Funds from program participation and field and building rentals
Expenses related to further operations of Recreation Department programs and services
Salary or wages of full-time Recreation Director shall be paid by annual General Fund budget appropriation
Fiscal Year 2018 and subsequent years
Police and Fire Apparatus Utilization Revolving Fund
Police and Fire Departments
Vehicle apparatus rental fees collected from those hiring police and/or fire details requiring the use of police and/or fire vehicles
Repair, replacement or purchase of equipment for fire and police vehicles
Police and fire department receipts and expenditures shall be accounted for separately and may only be credited or expensed to their respective departments
Fiscal Year 2018 and subsequent years
Highway Department Revolving Fund
Highway Department
Fee for services and various Town department payments for services
Fee for services and various Town department payments for services
Fiscal Year 2018 and subsequent years
Council on Aging Senior Trips & Programs Fund
Council on Aging Department
Funds from program participation
Council On Aging Department program-related expenses
Council on Aging salaries or wages cannot be paid from this fund
Fiscal Year 2018 and subsequent years