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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	12-21-21-BOF-Minutes.pdf application/pdf12-21-21-BOF-Minutes 123.62 KB 2024-07-13 July 13, 2024 2021-12-23 December 23, 2021
	10-19-21-BOF-Minutes.pdf application/pdf10-19-21-BOF-Minutes 224.21 KB 2024-07-13 July 13, 2024 2021-10-20 October 20, 2021
	06-15-21-BOF-Video.pdf application/pdf06-15-21-BOF-Video 41.63 KB 2024-07-13 July 13, 2024 2021-06-21 June 21, 2021
	06-15-21-BOF-Minutes.pdf application/pdf06-15-21-BOF-Minutes 105.42 KB 2024-07-13 July 13, 2024 2021-06-17 June 17, 2021
	05-11-21-BOF-Special-Minutes.pdf application/pdf05-11-21-BOF-Special-Minutes 85.14 KB 2024-07-13 July 13, 2024 2021-05-17 May 17, 2021
	04-20-21-BOF-Video.pdf application/pdf04-20-21-BOF-Video 33.78 KB 2024-07-13 July 13, 2024 2021-04-24 April 24, 2021
	04-20-21-BOF-Minutes.pdf application/pdf04-20-21-BOF-Minutes 120.02 KB 2024-07-13 July 13, 2024 2021-04-21 April 21, 2021
	04-06-21-BOF-Minutes.pdf application/pdf04-06-21-BOF-Minutes 128.07 KB 2024-07-13 July 13, 2024 2021-04-07 April 7, 2021
	03-16-21-BOF-Video.pdf application/pdf03-16-21-BOF-Video 40.94 KB 2024-07-13 July 13, 2024 2021-03-22 March 22, 2021
	03-16-21-BOF-Minutes.pdf application/pdf03-16-21-BOF-Minutes 126.96 KB 2024-07-13 July 13, 2024 2021-03-17 March 17, 2021
	02-09-21-BOF-Minutes.pdf application/pdf02-09-21-BOF-Minutes 132.47 KB 2024-07-13 July 13, 2024 2021-02-10 February 10, 2021
	01-19-21-BOF-Video.pdf application/pdf01-19-21-BOF-Video 70.31 KB 2024-07-13 July 13, 2024 2021-01-28 January 28, 2021
	01-19-21-BOF-Minutes.pdf application/pdf01-19-21-BOF-Minutes 134.73 KB 2024-07-13 July 13, 2024 2021-01-20 January 20, 2021

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