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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	12-15-20-BOF-Video.pdf application/pdf12-15-20-BOF-Video 27.71 KB 2024-07-13 July 13, 2024 2020-12-26 December 26, 2020
	12-15-20-BOF-Minutes.pdf application/pdf12-15-20-BOF-Minutes 50.71 KB 2024-07-13 July 13, 2024 2020-12-26 December 26, 2020
	11-17-20-BOF-Video.pdf application/pdf11-17-20-BOF-Video 68.37 KB 2024-07-13 July 13, 2024 2020-11-21 November 21, 2020
	11-17-20-BOF-Minutes.pdf application/pdf11-17-20-BOF-Minutes 125.86 KB 2024-07-13 July 13, 2024 2020-11-18 November 18, 2020
	10-20-20-BOF-Minutes.pdf application/pdf10-20-20-BOF-Minutes 130.37 KB 2024-07-13 July 13, 2024 2020-10-22 October 22, 2020
	09-15-20-BOF-Video.pdf application/pdf09-15-20-BOF-Video 68.08 KB 2024-07-13 July 13, 2024 2020-09-19 September 19, 2020
	09-15-20-BOF-Minutes.pdf application/pdf09-15-20-BOF-Minutes 128.7 KB 2024-07-13 July 13, 2024 2020-09-16 September 16, 2020
	06-09-20-BOF-Video.pdf application/pdf06-09-20-BOF-Video 61.51 KB 2024-07-13 July 13, 2024 2020-06-16 June 16, 2020
	06-09-20-BOF-Minutes.pdf application/pdf06-09-20-BOF-Minutes 138.69 KB 2024-07-13 July 13, 2024 2020-06-11 June 11, 2020
	05-12-20-BOF-Minutes.pdf application/pdf05-12-20-BOF-Minutes 128.59 KB 2024-07-13 July 13, 2024 2020-05-13 May 13, 2020
	05-12-20-BOF-and-Public-Hearing-Video.pdf application/pdf05-12-20-BOF-and-Public-Hearing-Video 68.04 KB 2024-07-13 July 13, 2024 2020-05-15 May 15, 2020
	04-21-20-BOF-Special-Video.pdf application/pdf04-21-20-BOF-Special-Video 27.1 KB 2024-07-13 July 13, 2024 2020-05-15 May 15, 2020
	04-21-20-BOF-Minutes.pdf application/pdf04-21-20-BOF-Minutes 234.08 KB 2024-07-13 July 13, 2024 2020-04-23 April 23, 2020
	03-31-20-BOF-Video.pdf application/pdf03-31-20-BOF-Video 27.09 KB 2024-07-13 July 13, 2024 2020-05-15 May 15, 2020
	03-31-20-BOF-Minutes.pdf application/pdf03-31-20-BOF-Minutes 230.01 KB 2024-07-13 July 13, 2024 2020-04-02 April 2, 2020
	02-24-20-BOF-Minutes.pdf application/pdf02-24-20-BOF-Minutes 106.48 KB 2024-07-13 July 13, 2024 2020-02-25 February 25, 2020
	02-11-20-BOF-Minutes.pdf application/pdf02-11-20-BOF-Minutes 234.41 KB 2024-07-13 July 13, 2024 2020-02-13 February 13, 2020
	01-21-20-BOF-Minutes.pdf application/pdf01-21-20-BOF-Minutes 128.39 KB 2024-07-13 July 13, 2024 2020-01-24 January 24, 2020

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