[Adopted as Ch. 2, Art. III, § 2-35, of the General
Bylaws]
[Amended 5-1-2017 ATM]
A.
The Finance Board shall be made up of seven members. The Selectmen
shall, by June 30 of each year, appoint up to three legal voters in
the Town to serve for a period of three years, and these appointees
shall be known as the "Town Finance Board." They shall annually elect
a Chair from among their members and shall meet from time to time
as its members or its Chair deems advisable. Additionally, the Selectmen
may appoint two alternate members to serve for two years.
B.
In the first year of the reorganization (2017), the Board shall appoint
three members to serve a three-year term, two members to serve a two-year
term, and two members to serve a one-year term.
The Board shall consider those affairs and interests of the
Town the subjects of which are included in the warrants for the Town
Meetings, shall consider the question of the Town's obligations, the
administration of the various departments, shall make such reports
and recommendations to the Town concerning the administration of any
and all departments that the circumstances may justify and by a majority
vote of the members present, and shall have sole authority to spend
such funds as may be appropriated by the Town for a reserve fund.
No direct drafts shall be drawn against this fund, but transfers may
be made.
The Board shall consider the various articles in the warrants
of the Town Meetings and shall report to the Town meetings its recommendations
for the action of the Town.
The members of the Board shall serve without pay.
