There is hereby created a committee to advise the Town Manager
on revenue, other financial sources and fixed-costs projections for
Town operating budgets. The Committee shall consist of two Finance
Committee members, the School Superintendent, the Director of Finance
and Administration, and the Town Accountant. The Town Manager shall
serve as an ex-officio member of the Committee.
The Committee shall meet within 30 days but no later than December
1 of the issuance of the Board of Selectmen budget policy statement
provided for in Chapter 9, Section 2-3 (9-2-3) of the Town Charter
and shall report to the Town Manager and the Finance Committee its
initial estimates for revenues and other financial sources projections
and fixed-expense estimates for the following fiscal year's annual
operating budget within 45 days of the Committee's first meeting.
The Committee's report shall identify and describe all revenue and
financing sources and anticipated fixed costs and shall provide a
written rationale supporting estimates contained therein.
All reports and relevant supporting computer work files issued
by this Committee shall be made available through the Town of North
Andover website in a timely manner that does not interfere with the
work of the Committee.
The Committee may continue to meet after the issuance of the
Town Manager's recommended budget for the purpose of providing continued
advice to the Town Manager, the Board of Selectmen and the Finance
Committee regarding revenue and fixed-costs projections.
