[HISTORY: Adopted by the Town Meeting of the Town of Rockport 3-22-1997 (Ch. 2, Sec. 6a, of the 1997 Code of By-laws). Amendments noted where applicable.]
There shall be a Finance Committee having the responsibilities and organized in the manner described below.
Term of office. The Finance Committee shall consist of nine voters, who shall hold no other Town office. The members shall be appointed for terms of three years each, so managed that the terms of office of three members shall expire each year.
[Amended 9-12-2022]
Appointments to the Finance Committee shall be made within 30 days following the dissolution of the Spring Town Meeting or by July 15 of that year, whichever is later.
A. 
The Finance Committee, in addition to its other statutory duties, shall each year receive and review the proposed budgets submitted by the Town agencies. The Committee shall conduct a series of meetings on the budget pursuant to § 19-6A of the by-laws and thereafter shall file its recommended budget with the office of the Town Clerk for distribution to interested persons subsequent to Town Meeting action pursuant to § 19-6B of these by-laws. Copies of the minutes of the meetings of the Finance Committee shall be filed with the Town Clerk and made available upon request.
B. 
The Finance Committee shall prepare recommendations for Town Meeting pertaining to all warrant articles that involve the expenditure of Town funds. The Finance Committee may also, at its discretion, report on any article in the warrant.
Whenever a vacancy occurs on the Committee, the Select Board shall select a voter of the Town to fill the vacancy for the unexpired term.