[Adopted 3-20-1922 ATM by Art. 14; amended 7-29-1948 STM by Art. 21; 5-5-1980 ATM by Art. 8; 5-2-2005 ATM by Art. 15]
[Amended 5-2-2022 ATM by Art. 8]
There shall be a standing Finance Committee consisting of five members elected at large. The members of the Finance Committee shall be elected for alternating three-year terms. Any vacancies in the Finance Committee shall be filled in accordance with MGL c. 41, § 11.
Any member of the Finance Committee, who shall be appointed or elected to any official body, shall forthwith upon that member's qualification in such office, cease to be a member of the Finance Committee. This provision shall not apply to the appointment of a Finance Committee member to serve as a member of any ad hoc board, commission or committee or to any board, commission or committee upon which a member of the Finance Committee shall serve in an ex officio capacity. For purposes of this bylaw, ex officio shall refer to a member of the Finance Committee who serves by virtue of his or her office.
It shall be the duty of the Finance Committee to investigate and report to the Town its recommendations on all pertinent facts relating to any articles in a Warrant the subject matter of which pertains to the appropriation or expenditure of money, the creation of a debt, or the disposition of Town property. For this purpose the Committee shall have access to all books, vouchers, and other documents and papers belonging to the Town.
The Committee shall confer or consult with such departments, officers, employees, or committees as may have information concerning subject matter under consideration, and it shall be the duty of all departments, officers, employees, or committees to communicate to said Finance Committee such information as they may possess relating to same.