North Andover Town Meeting Warrant Article Of The Day – Article 17 – Revolving Fund Spending Limits

North Andover MA

05 May, 2022

5:53 AM

Description

Press release from the Town of North Andover: May 3, 2022 As we ready for Town Meeting, the Town will be presenting information every day on different warrant articles. 2022 Town Meeting Warrant Article 17 – Revolving Fund Spending Limits Every year Town Meeting authorizes the Town's revolving accounts and sets spending limits for those accounts. A revolving fund separately accounts for specific revenues and earmarks them for expenditure by a board or officer without appropriation for particular purposes to support the activity, program or service that generated the revenues. Town Meeting authorizes the revolving account, its use, and how much can be spent from the account each year. To learn more about the different types of revolving accounts, visit here: https://www.mass.gov/doc/revolving-funds-chart-non-school-department-program/download This press release was produced by the Town of North Andover. The views expressed here are the author's own.