[HISTORY: Adopted as Ch. IV of the Town Bylaws. Amendments noted where applicable.]
[Amended 5-14-1995 TM, Art. 28; 5-22-2021 ATM by Art. 1]
A. 
There shall be a Finance Committee, consisting of nine members, to be appointed by the Select Board. Promptly after this bylaw shall go into effect, the Select Board shall appoint from the registered voters of the Town three members of said Committee to serve for the remainder of the present municipal year, three to serve until the expiration of the next following municipal year, and three to serve until the expiration of the two next following municipal years, and each year thereafter the Select Board shall appoint from said registered voters three members of said Committee to serve for three years. All duly appointed members of the Committee shall continue as such until their successors are chosen.
B. 
The Select Board shall fill by appointment vacancies in the Committee at any time occurring by reason of death, resignation, or any other cause.
The Committee shall organize each year by the selection of a Chairman and a Clerk. The Clerk shall keep records of the doings of the Committee.
The Finance Committee shall consider all Articles and Warrants for all Town Meetings and Referenda and shall report its recommendations before each meeting or vote in print or at a public meeting for that purpose.
[Amended 5-22-2021 ATM by Art. 1]
The Finance Committee shall have authority at any time to investigate the books and account of any department of the Town, and to employ such expert and other assistance, with approval of the Select Board, as it may deem advisable for that purpose; and the books and accounts of all departments and officers of the Town shall be open to the inspection of the Committee and any person employed by it for that purpose.
No paid Town officer or paid Town employee shall be eligible to serve on said Committee.
The report of said Committee shall be contained in the next Annual Town Report.
[Added 4-9-2002 STM, Art. 3]
The Finance Committee shall submit a budget at the Annual Town Meeting.
[Added 4-9-2002 STM, Art. 3]
The Finance Committee shall review and make a recommendation on all contracts exceeding the amount set forth in § 49-7 of Chapter 49, Contracts; Procurements, and shall conform to the procedures outlined in said section.