Print
Share page with AddThis

Finance Comittee Bylaw

FINANCE COMMITTEE: The Finance Committee shall consist of seven members. The Board of Selectmen shall, on the first day of July each year, appoint three members of said Committee whose term of office shall be for three years. No elected or appointed officer of the Town and no person employed by the Town shall be eligible for an appointment on the Finance Committee. (Art. 16, ATM 4-9-88, App. A.G. 6-10-88)(Art. 39, ATM 5-2-2014, App. A.G. 8-5-2014)
 
The Committee shall meet within ninety (90) days after the appointment of new members. The committee shall reorganize each year during the first meeting in September. The Committee shall by majority vote elect its chairman, clerk, and other officers, if any, whose terms shall be for one year. Any member elected as chairman, clerk, or other officers may be re-elected from year to year to such office or another office. Within ten days after each reorganization by the Committee, the clerk thereof shall notify the Board of Selectmen and the Town Clerk of such reorganization in writing specifying the current officers of the Committee.

At all meetings of said Committee, four members shall constitute a quorum thereof, and in the absence of a majority, no business shall be conducted.

In the event any member of the Committee is absent from three consecutive regular meetings, the Committee by majority vote may recommend to the Board of Selectmen that his or her position be declared vacant and that the Board of Selectmen forthwith appoints a successor for the unexpired term.

The Committee shall consider matters relating to the appropriation or expenditures of money by the Town or issues affecting Town revenue and make such reports and recommendations to the Town concerning the same as in the opinion of the Committee circumstances and conditions dictate.

All money articles accompanied by a statement explaining each expenditure must be given to the Committee, Town Clerk, Town Moderator, and Town Accountant no later than the date upon which they are submitted to the Board of Selectmen.

The report of the Committee to the Annual Town Meeting shall be in print, and it shall be distributed with the Annual Town Report by the Board of Selectmen. All reports to all other town meetings shall be in such form as the Committee may deem advisable and as is acceptable to the Board of Selectmen.