05/05/2014 Annual Town Meeting - Laserfiche WebLink

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fines and fees, which shall be used to further the operation of programs and services under the Library, and to establish the limit on expenditures from said account for FY 2015 at $15,000, or take any other action relating thereto. Submitted by the Library Board of Trustees Explanation: This revolving account is required in order to receive and disburse funds generated through services supported by the revolving fund such as purchasing supplies and library materials, as well as personnel and program expenses. Revenues will be used to offset expenses related to these programs. The Board of Selectmen recommends approval by a vote of 5-0. Finance Committee recommends approval by a vote of 7-0. Motion made by Selectman Carol Sherman Motion: I move the Town vote to re-authorize the Library Revolving Account, through the Town Accountant's Office, in accordance with M.G.L. Chapter 44, §53E�/z to be expended under the direction of the Library Board of Trustees, in order to place anticipated revenues collected from fines and fees, which shall be used to further the operation of programs and services under the Library, and to establish the limit on expenditures from said account for FY 2015 at $15,000. Motion passes unanimously at 8:26 PM. Article 13 To see if the Town will vote to reauthorize the Recreation Revolving Account through the Town Accountant's Office in accordance with Massachusetts General Laws, Chapter 44, Section 53E�/z, to be expended under the direction of the Recreation Department, said account to be funded by revenues collected from the various Recreation Department Programs and expended for the purpose of paying such wages, benefits and other related costs and expenses as are necessary to conduct Recreation Department Programs; and to establish the limit on expenditures from said account for FY 2015 at $300,000, or take any other action relating thereto. Submitted by the Recreation Department Explanation: This revolving account is required in order to receive and disburse funds generated through programs supported by such revolving fund. Revenues must be used to offset expenses of these programs. The Recreation Department, through its agents, will manage this account. The Board of Selectmen recommends approval by a vote of 5-0. Finance Committee recommends approval by a vote of 7-0. Motion made by Selectman John Cahalane. 15