HomeMy WebLinkAboutRevloving Accounts3 REVOLVING ACCOUNTS
To see if the Town will vote to authorize the following revolving funds for certain Town departments
under Massachusetts General Law, Chapter 44, Section 53E1/2 for the fiscal year beginning
July 1, 2005 to take any other action related thereto:
A revolving account allows fees and donations to be used for related expenses without a specific
appropriation by Town Meeting. For example, activity fees collected from participants in
Youth Services programs are used for cost associated with running the programs . State Law
requires that the Town Meeting vote annually on this type of revolving account setting a dollar
limit and specifying who is authorized to make expenditures. In any fiscal year the limit on the
amount that may be spent can be increased with the approval of both the Board of Selectmen
and the Finance Committee.
A/C# Revolving Fund Authorized to Spend Use of Funds Revenue Source FY 2005 Limit
Participants fees,
Grants,Donations,
Division of All programs and activities, and related
A 022-5423-3437 Youth Services Division Head expense, part time help Fundrasing proceeds $ 2507000
Field rental fees,
Grants,Donations,
Field maintenance, upgrade and relateed
B 022-4925-3077 Field Maintenance Division Head and related expenses Fundrasing proceeds $ 207000
Participants fees,
Grants,Donations,
Division of Elder Senior programs, classes and related
C 022-5590-3564 Service Division Head and activities Fundrasing proceeds $ 507000
Clinic participant
fees,Grants,
Donations,and
Health Dept clinic supplies and other related Fundrasing
D 022-5102-3424 Revolving Division Head related materials proceeds $ 207000
Wheelabrator Wheelabrator Host
E 022-4306-3008 Planning Division Head Air quality monitoring Service Agreement $ 257000
Wheelabrator
Trash Truck To enforce Trash Truck Wheelabrator Host
F 022-4307-3083 Enforcement Division Head regulations Service Agreement $ 207000
Wheelabrator- Protection of health, safety Wheelabrator Host
G 022-4308-3649 1 Health Division Head land monitoring the air quality Service Agreement $ 407000