[HISTORY: Adopted 3-6-1973 ATM, Art. 6. Amendments noted where applicable.]
All fees received by the Treasurer, Town Clerk and Town Collector of Taxes for the Town of Deerfield shall be paid by such officer, upon its receipt, into the Town treasury.
Any sums so paid into said treasury shall not later be used by such officer or department without specific appropriation thereof.
[Added 4-24-2017 ATM, Art. 5]
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 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 further 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.
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 finance committee.
Interest earned on monies credited to a revolving fund established by this by-law shall be credited to the general fund.
Procedures and Reports.
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 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.
Authorized Revolving Funds. (Refer to Tables included here within) The Table establishes: