REVOLVING FUNDS

To see if the Town will vote to reauthorize revolving funds established under various previous votes of the Town, to hear or receive a report concerning the receipts and expenditures of same, to establish new revolving funds, to appropriate sums of money to fund all revolving funds and determine how the money shall be raised or expended; or take any action related thereto.

Inserted at the request of the Town Manager

VOTE: Favorable Action (5-0)

Note: a typo in the orignal Select Board Report was corrected so that the Robbins Library Rental Receipts in the annotated warrant vote language below is right. 

Underlined text below comes from the Supplemental Select Board Report linked below.

COMMENT: The Cutter Gallery Rentals (3117) and Community Center Rentals (3118) revolving funds were newly authorized at the 2024 Annual Town Meeting through Article 24, but were not duly accompanied by a corresponding amendment to Title 1, Article 22, Section 5 of the Town Bylaws. Accordingly, the respective balances of these revolving funds have been returned to the General Fund, and their use has been frozen until the requisite bylaw amendment is approved at a future Town Meeting. 

That the Town does hereby reauthorize the following Revolving Funds for FY 2026:

Private Way Repairs (3106): Originally established under Article 46, 1992 Annual Town Meeting
expenditures not to exceed $1,000,000

Beginning Balance, 7/1/23 $50,552.16 
Receipts 132,581.83 
Expenditures 124,696.00 
Ending Balance, 6/30/24 $58,437.99
 
Public Way Repairs (3105): Originally established under Article 45, 1992 Annual Town Meeting
expenditures not to exceed $15,000

Beginning Balance, 7/1/23 $14,715.06 
Receipts 0.00 
Expenditures 0.00 
Ending Balance, 6/30/24 $14,715.06 
 
Fox Library Community Center Rentals (3109): Originally established under Article 49, 1996 Annual Town Meeting
expenditures not to exceed $20,000

Beginning Balance, 7/1/23 $21.47 
Receipts 0.00 
Expenditures 0.00 
Ending Balance, 6/30/24 $21.47 
 
Robbins House Rentals (3110): Originally established under Article 77, 1997 Annual Town Meeting
expenditures not to exceed $75,000

Beginning Balance, 7/1/23 $10,086.77
Receipts 16,690.00
Expenditures 10,407.64
Ending Balance, 6/30/24 $16,369.13 
 
Uncle Sam Fees (3101): Originally established under Article 31, 2000 Annual Town Meeting
expenditures not to exceed $2,000

Beginning Balance, 7/1/23 $1,526.31 
Receipts 0.00 
Expenditures 0.00 
Ending Balance, 6/30/24 $1,526.31 
 
Life Support Services (Ambulance) Fees (3103): Originally established under Article 37, 2001 Annual Town Meeting
Expenditures not to exceed $800,000

Beginning Balance, 7/1/23 $107,956.71 
Receipts 187,068.31
Expenditures 240,008.61
Ending Balance, 6/30/24 $55,016.41 
 
Board of Health Fees (3111): Originally established under Article 30, 2005 Annual Town Meeting
expenditures not to exceed $150,000

Beginning Balance, 7/1/23 $420,348.46
Receipts 66.896.75
Expenditures 51.172.32 
Ending Balance, 6/30/24 $436.072.89
 
Field User Fees (3115): Originally established under Article 78, 2004 Annual Town Meeting
expenditures not to exceed $120,000

Beginning Balance, 7/1/23 $15,995.62
Receipts 78,391.75
Expenditures 74,254.95
Ending Balance, 6/30/24 $20,132.42

Robbins Library Rentals (3114): Originally established under Article 35, 2006 Annual Town Meeting
expenditures not to exceed $8,000

Beginning Balance, 7/1/23 $42,455.32 
Receipts 5,475 
Expenditures 3,103.75
Ending Balance, 6/30/24 $44,826.57 

Town Hall Rentals (3112): Originally established under Article 35, 2006 Annual Town Meeting
expenditures not to exceed $175,000

Beginning Balance, 7/1/23 $59,656.03
Receipts 85,727.88
Expenditures 68,728.38
Ending Balance, 6/30/24 $76,655.53 

White Goods Recycling Fees (3107): Originally established under Article 35, 2006 Annual Town Meeting
expenditures not to exceed $80,000

Beginning Balance, 7/1/23 $49,791.18
Receipts 30,920.33 
Expenditures 41,085.66
Ending Balance, 6/30/24 $39,625.85 

Library Vending Fees (3113): Originally established under Article 34, 2009 Annual Town Meeting
expenditures not to exceed $25,000

Beginning Balance, 7/1/23 $17,235.89
Receipts 13,432.49
Expenditures 9,713.47
Ending Balance, 6/30/24 $20,954.91
 
Gibbs School Energy Fees (3102): Originally established under Article 45, 2010 Annual Town Meeting
expenditures not to exceed $120,000

Beginning Balance, 7/1/23 $4,814.41 
Receipts 0.00 
Expenditures 0.00 
Ending Balance, 6/30/24 $4,814.41 

Council On Aging Program Fees (3108): Originally established under Article 28, 2013 Annual Town Meeting
Expenditures not to exceed $100,000

Beginning Balance, 7/1/23 $4,917.78 
Receipts 26,642.00
Expenditures 11,101.54
Ending Balance, 6/30/24 $20,458.24

Cutter Gallery Rentals (3117): Originally established under Article 24, 2004 Annual Town Meeting
expenditures not to exceed $15,000

Beginning Balance, 7/1/23 $0.00
Receipts 0.00
Expenditures 0.00
Ending Balance, 6/30/24 $0.00

Community Center Rentals (3118): Originally established under Article 24, 2024 Annual Town Meeting
expenditures not to exceed $50,000

Beginning Balance, 7/1/23 $0.00
Receipts 0.00
Expenditures 0.00
Ending Balance, 6/30/24 $0.00

Select Board Report

Supplemental Select Board Report