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6-9.1   Purpose.
   This Section establishes and authorizes revolving funds for use by City Departments, Boards, Committees, Agencies or Officers in connection with the operation of programs or activities that generate fees, charges or other receipts to support all or some of the expenses of those programs or activities. These revolving funds are established under and governed by M.G.L. Chapter 44, Section 53E½.
(CBC 1985 6-9.1; Ord. 2017 c. 2)
6-9.2   Expenditure Limitations.
   A Department or Agency Head, Board, Committee or Officer may incur liabilities against and spend monies from a revolving fund established and authorized by this Section without appropriation subject to the following limitations.
   (A)   Fringe benefits of full-time employees whose salaries or wages are paid from the fund shall also be paid from the fund, except for those employed as school bus drivers.
   (B)   No liability shall be incurred in excess of the available balance of the fund.
   (C)   The total amount spent during a fiscal year shall not exceed the amount authorized by the Boston City Council on or before July 1 of that fiscal year, or any increased amount of that authorization that is later approved during that fiscal year by the Mayor and City Council.
(CBC 1985 6-9.2; Ord. 2017 c. 2)
6-9.3   Interest.
   Interest earned on monies credited to a revolving fund established by this Section shall be credited to the General Fund.
(CBC 1985 6-9.3; Ord. 2017 c. 2)
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