05/02/2011 Annual Town Meeting - Laserfiche WebLink

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Article 8 I To see if the Town will vote to authorize the Recreation Revolving Fund_ through the Town Accountant's office in accordance with Massachusetts General Laws, Chapter 44, Section 53E 1/z, to be expended under the direction of the Recreation Department, in order to place revenues collected from the various Recreation Programs, which shall be used for the purpose of paying such wages, benefits and other related expenses necessary to conduct said Recreation programs, and to establish the limit on expenditures from said account for Fiscal Year 2012 at $300,000, or take any other action relating thereto. Submitted by the Recreation Department Explanation: This revolving fund authorization 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 agent, will manage this account. The Board of Selectmen recommends approval by a vote of 5-0. The Finance Committee recommends approval by a vote of 5-0. Motion made by Selectman Carol Sherman. Motion: I move the Town vote to re-authorize the Recreation Revolving Fund, through the Town Accountant, in accordance with the Massachusetts General Laws, Chapter 44, Section 53E 1/2 to be expended under the direction of the Recreation Department, in order to place anticipated revenues collected from program income which shall be used to further the operation of programs under the Recreation Department, and to establish the limit on expenditures from said account for Fiscal Year 2012 at $300,000. Motion passes unanimously at 8:57 PM. Article 9 I To see if the Town will vote to re-authorize the Council on Aging Revolving-Fund, through the Town Accountant, in accordance with Massachusetts General Laws, Chapter 44,Section 53E 1/2 to be expended under the direction of the Council on Aging, in order to place anticipated revenues collected from program income which shall be used to further the operation of programs under the Council on Aging, and to establish the limit on expenditures from said account for Fiscal Year 2012 at $15,000, or take any other action relating thereto. Submitted by the Council on Aging Explanation: This revolving fund is required in order to receive and disburse funds generated through programs supported by such revolving fund such as senior trips, educational programs, educational program staff, transportation programs etc. Revenues will be used to offset expenses related to these programs and activities. The Board of Selectmen recommends approval by a vote of 5-0.