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Article 7 <br /> To see if the Town will vote to authorize the total expenditures for the following revolving funds <br /> pursuant to G.L. Ch 44 Section 53E �/z for the fiscal year beginning July 1, 2018 to be expended <br /> in accordance with the Bylaw establishing said revolving funds, heretofore approved, or take any <br /> other action relating thereto. <br /> FUND FY 2019 AUTHORIZATION <br /> RECREATION $521,000 <br /> LIBRARY $ 20,000 <br /> SENIOR CENTER $ 15,000 <br /> HISTORICAL COMMISSION $ 2,500 <br /> Submitted by the Finance Director <br /> Explanation: This article establishes the FY 2019 expenditure limits for departmental revolving <br /> funds. <br /> The Board of Selectmen recommends approval of Article 7 by a vote of 5-0. <br /> The Finance Committee recommends approval of Article 7 by a vote of 6-0. <br /> Motion made by Selectman John Cahalane. <br /> Motion: I move the Town vote to authorize the total expenditures for the respective revolving <br /> funds identified in Article 7 pursuant to G.L. Ch 44 Section 53E 1/2 for the fiscal year beginning <br /> July 1, 2018 to be expended in accordance with the Bylaw establishing said revolving funds, <br /> heretofore approved. <br /> Motion passes unanimously at 7:50 PM. <br /> Article 8 <br /> To see if the Town will vote to appropriate $557,524 to establish a budget for the PEG Access <br /> and Cable Related fund for fiscal year 2019, with said appropriation to be funded through the <br /> current balance of the fund, or take any other action relating thereto. <br /> Submitted by the Finance Director <br /> Explanation: The Department of Revenue now requires the Town to vote a yearly budget based <br /> on estimated expenditures from the fund for the next fiscal year. The total budget voted may not <br /> exceed the current balance within the fund. <br /> 13 <br />