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authorized by by-law rather than by an annual Town Motion: I move the Town vote to establish the limit on Meeting vote. Town Meeting must still vote on or expenditures from the Recreation Department before July 1 on the amount that may be spent from Revolving Account at$455,500 for FY 2018. each fund during the upcoming fiscal year.The Bylaw proposed by this Article would authorize the Motion passes unanimously at 8:32 PM. establishment of the revolving funds historically used by the Town in the manner required by the statutory Article 24 amendment for Fiscal Year 2018 and thereafter. Note that the maximum amount that may be spent from each To see if the Town will vote to establish the limit on revolving fund must still be established by separate expenditures from the Council on Aging Revolving Article on an annual basis. Account at $15,000 for FY 2018, or take any other action relating thereto. The Board of Selectmen recommend approval of Article 22 by a vote of 5-0. Submitted by the Council on Aging The Finance Committee recommend approval of Explanation: It is required that an expenditure limit be Article 22 by a vote of 4-0. established for each revolving fund. The Department responsible for managing the revolving fund Motion made by Selectman Andrew Gottlieb. determines this limit based on anticipated expenses associated with the various programs that generate Motion: I move the Town vote to approve Article 22 revenue for the fund. as printed in the Warrant. The Board of Selectmen recommend approval of Motion made and passed to dispense with reading of Article 24 by a vote of 5-0. article at 8:31 PM. The Finance Committee recommend approval of Motion passes unanimously at 8:31 PM Article 24 by a vote of 4-0. Article 23 Motion made by Selectman Thomas O'Hara. To see if the Town will vote to establish the limit on Motion: I move the Town vote to establish the limit on expenditures from the Recreation Department expenditures from the Council on Aging Revolving Revolving Account at $455,500 for FY 2018, or take Account at$15,000 for FY 2018. any other action relating thereto. Motion passes unanimously at 8:33 PM. Submitted by the Recreation Department Article 25 Explanation: It is required that an expenditure limit be established for each revolving fund. The Department To see if the Town will vote to establish the limit on responsible for managing the revolving fund expenditures from the Library Revolving Account at determines this limit based on anticipated expenses $25,000 for FY 2018,or take any other action relating associated with the various programs that generate thereto. revenue for the fund. Submitted by the Library Board of Trustees The Board of Selectmen recommend approval of Article 23 by a vote of 5-0. Explanation: It is required that an expenditure limit be established for each revolving fund. The Department The Finance Committee recommend approval of responsible for managing the revolving fund Article 23 by a vote of 4-0. determines this limit based on anticipated expenses associated with the various programs that generate Motion made by Selectman John Cahalane. revenue for the fund. 59