Exciting enhancements are coming soon to eCode360! Learn more 🡪
Town of Sharon, MA
Norfolk County
By using eCode360 you agree to be legally bound by the Terms of Use. If you do not agree to the Terms of Use, please do not use eCode360.
Table of Contents
Table of Contents
[Adopted as Art. 2 of the Town Bylaws]
A. 
It shall be the duty of the Moderator to present to the voters for approval or other appropriate action at each annual Town Meeting the names of five voters who will act as a Nominating Committee for filling expiring terms and vacancies of the Finance Committee during the ensuing year. At the next Annual Town Meeting after being so constituted, the Nominating Committee shall present to the voters for approval or other appropriate action its nominees to fill some or all of the expiring terms and vacancies on the Finance Committee. The Moderator may fill any vacancy on the Nominating Committee created by the resignation of a member prior to the expiration of his or her term.
B. 
The Finance Committee shall consist of not less than six and not more than 12 registered voters of the Town. Members of the Finance Committee shall serve staggered three-year terms such that the terms of approximately 1/3 of the members shall expire after each Annual Town Meeting.
The Finance Committee shall meet at the call of the Town Clerk within two weeks after each Annual Town Meeting for purposes of organization and the election of a Chairperson, Vice-Chairperson or -persons and a Clerk. In the event the Town Clerk fails to issue the call, any member of the Finance Committee may do so. The Committee shall meet thereafter from time to time, as it deems advisable, and shall keep a true record of all proceedings. The Finance Committee shall have the power to fill vacancies on the Committee by vote, such candidates to be presented by the Nominating Committee, an attested copy of which shall be sent by the Clerk of the Committee to the Town Clerk. Any member so appointed by the Committee shall serve thereon until the next Annual Town Meeting.
It shall be the duty of the Finance Committee to inform themselves as to those affairs and interests of the Town, the matter of which is generally included in the warrants for its Town Meeting; and the officers of the Town shall, upon their request, furnish them with facts, figures, and any other information pertaining to their several departments; provided, however, that any such information may be withheld when in the opinion of the officer, or board of officers, so requested, the communication thereof might affect injuriously the interests of the Town.
A. 
The Finance Committee shall consider the various articles in the warrant for all Town Meetings (including, with respect to each member of the Committee, the articles in the warrant for the Annual Town Meeting after which such member's term expires) and shall report in print prior to all such Town Meetings the Committee's estimates and recommendations for the action of the Town together with the Committee's reasons therefor. The Committee shall cause such report to be mailed or otherwise delivered to every residence at least seven days before each Town Meeting.
B. 
The Finance Committee shall prepare the following schedules, with appropriate input from the Board of Assessors, for inclusion in the warrant of each Annual Town Meeting:
(1) 
A comparative computation of the tax rate showing the actual computation for the then-current year and the estimated calculation for the next year;
(2) 
A comparative schedule of receipts and available funds for the same periods as above; and
(3) 
A schedule of reserve fund transfers.
It shall be the duty of the Town Clerk to immediately notify in writing persons elected or appointed to the Finance Committee pursuant to the above provisions, such notice to state the business upon which members of the Committee are to act.