05/06/2019 Annual Town Meeting - Laserfiche WebLink

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Article 14 To see if the Town will vote to authorize the total expenditures for the following revolving funds pursuant to G.L. Ch 44 Section 53E 1/2 for the fiscal year beginning July 1, 2019 to be expended in accordance with the Bylaw establishing said revolving funds, heretofore approved, or take any other action relating thereto. FUND FY 2020 AUTHORIZATION RECREATION $580,000 LIBRARY $ 20,000 SENIOR CENTER $ 15,000 HISTORICAL $ 2,500 COMMISSION Submitted by the Finance Director Explanation: This article establishes the FY 2020 expenditure limits for departmental revolving funds. The Board,of Selectmen recommends approval of Article 14 by a vote of 4-0. The Finance Committee recommends approval of Article 14 by a vote of 6-0. Motion made by Selectman John Cotton. Motion: I move that the Town vote to authorize the total expenditures for the respective revolving funds identified in the chart set forth in Article 14 at the limits noted therein pursuant to G.L. Ch 44 Section 53E 1/2 for the fiscal year beginning July 1, 2019; said sums to be expended in accordance with the Bylaw establishing said revolving funds. Motion passes unanimously at 9:15 PM. Article 15 To see if the Town will vote to appropriate$498,098 to establish a budget for the PEG Access and Cable Related fund for fiscal year 2020, with said appropriation to be funded through the current balance of the fund, or take any other action relating thereto. Submitted by the Finance Director Explanation: The Department of Revenue now requires the Town to vote a yearly budget based on estimated expenditures from the fund for the next fiscal year. The total budget voted may not exceed the current balance within the fund. The Board of Selectmen recommends approval of Article 15 by a vote of 4-0. 18