Board of Finance

Description

As its name suggests, the Board of Finance is responsible for the town’s finances. Members’ primary duties are to prepare the town budget (including both general government and school spending) and set the property tax rate. To accomplish these tasks, the Board estimates revenues and monitors both income and spending throughout the fiscal year. The Board maintains and updates the five-year financial plan as a tool used in preparing the budget.

The Board also reviews each request for capital spending (i.e. purchase of durable goods and services costing more than $5,000) from the boards of Selectmen and Education before the request goes to a Town Meeting vote. Each year, the Board works closely with the Selectmen and Board of Education to prepare a Capital Plan, outlining what each board’s needs are projected to be for the upcoming years and allocating available funds between boards. The Board of Finance also reviews and approves appropriations and transfers among town accounts, determines how the town’s financial records are kept and reported, arranges for the annual financial audit, and publishes the annual town report.

The Board of Finance meets on the third Tuesday of each month. There are six regular members, each of whom is elected and serves a six-year term, and two alternates, who are appointed by the regular Board members. Regular members’ terms are staggered, so two members are on the ballot at each biennial municipal election.

Meeting Minutes & Agendas

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	11-19-19-BOF-Minutes.pdf application/pdf11-19-19-BOF-Minutes 232.11 KB 2024-07-13 July 13, 2024 2019-11-21 November 21, 2019
	10-22-19-BOF-Minutes.pdf application/pdf10-22-19-BOF-Minutes 122.05 KB 2024-07-13 July 13, 2024 2019-10-23 October 23, 2019
	09-12-19-BOF-Minutes.pdf application/pdf09-12-19-BOF-Minutes 114.59 KB 2024-07-13 July 13, 2024 2019-09-16 September 16, 2019
	06-13-19-BOF-Minutes.pdf application/pdf06-13-19-BOF-Minutes 238.4 KB 2024-07-13 July 13, 2024 2019-06-17 June 17, 2019
	05-07-19-BOF-Minutes.pdf application/pdf05-07-19-BOF-Minutes 73.8 KB 2024-07-13 July 13, 2024 2019-05-08 May 8, 2019
	04-16-19-BOF-Minutes.pdf application/pdf04-16-19-BOF-Minutes 123.08 KB 2024-07-13 July 13, 2024 2019-04-18 April 18, 2019
	04-02-19-BOF-Minutes.pdf application/pdf04-02-19-BOF-Minutes 232.64 KB 2024-07-13 July 13, 2024 2019-04-04 April 4, 2019
	03-14-19-BOF-Minutes.pdf application/pdf03-14-19-BOF-Minutes 129.62 KB 2024-07-13 July 13, 2024 2019-03-15 March 15, 2019
	02-19-19-BOF-Minutes.pdf application/pdf02-19-19-BOF-Minutes 131.96 KB 2024-07-13 July 13, 2024 2019-02-21 February 21, 2019
	01-24-19-BOF-Special-Minutes-Bonding-Project.pdf application/pdf01-24-19-BOF-Special-Minutes-Bonding-Project 74.21 KB 2024-07-13 July 13, 2024 2019-01-25 January 25, 2019
	01-15-19-BOF-Minutes.pdf application/pdf01-15-19-BOF-Minutes 125.14 KB 2024-07-13 July 13, 2024 2019-01-16 January 16, 2019

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