§ 2-98. Revolving funds.

(a)

Purpose . This section establishes and authorizes revolving funds for use by city departments, boards, committees, agencies and 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 M.G.L.A. c. 44, § 53E½.

(b)

Expenditure limitations . 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 ordinance without appropriation subject to the following limitations:

(1)

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

(2)

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

(3)

The total amount spent during a fiscal year shall not exceed the amount authorized by city council vote on or before July 1 of that fiscal year, or any increased amount of that authorization that is later approved during that fiscal year.

(c)

Interest . Interest earned on monies credited to a revolving fund established by this ordinance shall be credited to the general fund.

(d)

Procedures and reports . Except as provided in M.G.L.A. c. 44, § 53E½ and this section, the laws, charter provisions, by-laws, rules, regulations, policies or procedures that govern the receipt and custody of municipal monies and the expenditure and payment of city funds shall apply to the use of a revolving fund established and authorized by this ordinance. The city auditor shall include a statement on the collections credited to the fund, the encumbrances and expenditures charged to each fund and the balance available for expenditure in the regular report the city auditor provides the department, board, committee, agency or officer on appropriations made for its use.

(e)

Authorized revolving funds . The table establishes:

(1)

Each revolving fund authorized for use by a town department, board, committee, agency or officer,

(2)

The department or agency head, board, committee or officer authorized to spend from each fund,

(3)

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 city treasurer,

(4)

The expenses of the program or activity for which each fund may be used,

(5)

Any restrictions or conditions on expenditures from each fund;

(6)

Any reporting or other requirements that apply to each fund, and

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(7)

The fiscal years each fund shall operate under this section.

Revolving Fund	Department Authorized to Spend	Fees, Charges or receipts credited to the fund	Program or Expenses payable from the fund	Restriction or Conditions on Expenses payable	Other Requirements	Fiscal Years Authorized
Nursing Division Supply Account	Health	Medicare/Medicaid Insurance Reimbursements; TB Testing, Sharps funds	Nursing Supplies; Sharps Disposal			Fiscal Years beginning on or after July 1, 2017
Fire Department Equipment Permit Inspection	Fire	Permit/Inspection Fees	Parts for Radio master box and fire prevention training			Fiscal Years beginning on or after July 1, 2017
Greenway Bike Trail Account	Department of Public Works	Payment from G&E from Interdepart- mental Lease Agreement	Maintenance of Rail Trail			Fiscal years beginning on or after July 1, 2017
Off Street Parking Lot Maintenance Costs Account	Off Street Parking Commission	Parking Sticker Fees	Maintenance of lots, tree pruning, snow removal, lighting, plantings, signage, trash pick up and meters			Fiscal Years beginning on or after July 1, 2017
Westfield Animal Control Spay and Neuter Account	Animal Control by and through the Police Department	Deposits received by the Animal Shelter for dogs that have not been spayed or neutered.	Public education about animal overpopulation, a program for spay and neuter and costs incurred to comply with MGL c. 140 section 139A			Fiscal Years beginning on or after July 1, 2017

 

(Ord. No. 1671 , 6-15-17)

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