Finance Committee

Meetings are scheduled as necessary

No meetings currently scheduled.

Members

5 of 5 seats. 3 years each seat.

• Terri Mitchell. June, 2024.
• Todd Dubreuil. June, 2024.
• Deborah Andrew. June, 2023.
• Charles J. Readinger. June, 2025.
• Matt Popoli. June, 2025.

FINANCE COMMITTEE ROLE & RESPONSIBILITIES

“The Finance Committee is the official fiscal watchdog for a town. Because it is difficult for all taxpayers to be completely informed about every aspect of a town’s finances, finance committees were established as a representative group of taxpayers responsible for conducting a thorough review of municipal finance questions on behalf of all citizens. “

   Massachusetts Finance Committee Handbook         (emphasis added)

 “The finance committee shall meet and investigate the cost of maintenance and expenditures of the Town, and recommend in detail the amounts to be appropriated for each department for the ensuing year. They shall also consider all articles in the Town warrants requiring the appropriation of money and shall make written report to the meetings considering such articles.”

Shelburne Town Bylaws – Article 2, Section 4        (emphasis added)

Primary duties of the Finance Committee:

• To advise and make recommendations to town meeting on the budget and other areas of finance.
• With statutory authority, may make transfers from the town’s reserve fund (a contingency fund usually created as part of the annual budget appropriations) to departmental budgets for extraordinary or unforeseen occurrences.
• May approve, in cooperation with the selectboard, some budget transfers during the last two months of the fiscal year and the first 15 days of the next year in order to close out the town’s financial records.

Composition & Term of Office

The moderator at each annual town meeting shall appoint the necessary number of members to the Finance Committee. In the first year the Town adopts this By-Law, the Moderator shall appoint two (2) members for three (3) years, two (2) members for two (2) years and one (1) member for one (1) year and each year thereafter at subsequent Town Meeting, the Moderator shall appoint members to fill the expiring term(s) for three (3) years.

Shelburne Town By-Laws

TERMS & DEFINITIONS

• BUDGET   A plan of financial operation including an estimate of proposed revenues and expenditures for a given period of time.
• CHERRY SHEET   The official notification from the Commissioner of Revenue of the next fiscal year’s state aid and assessments to communities and regional school districts.  
• DEBT EXCLUSION   Vote on at town meeting.   Purpose: to allow exclusion, from the levy limit, of debt service payments for a particular capital project.  If approved, the amount of the annual debt service is added to the levy limit for the life of the debt only.
• FREE CASH   Funds remaining from the operations of the previous fiscal year, certified by the Department of Revenues director of accounts, as available for appropriation.  Includes: unexpended free cash from the previous year, receipts in excess of estimates shown on the tax recapitulation sheet and unspent amounts in budget line-items.
• LOCAL RECEIPTS   Annual estimates of local receipts are shown on the tax recapitulation sheet.  These are: locally generated revenues other than real and personal property taxes, excluding enterprise revenue funds.  Examples: motor vehicle excise, investment income, hotel/motel tax, fees rentals & charges.  
• OPERATING BUDGET   The plan of proposed expenditures for personnel, supplies, and other expenses for the coming fiscal year.
• OVERRIDE    A vote at Town Meeting to permanently increase the levy limit.  An override vote may increase the levy limit to no higher than the levy ceiling.
• RESERVE FUND   An amount set aside annually within the budget of a town (not to exceed 5% of the tax levy for the preceding year), to provide a funding source for “extraordinary and unforeseen” expenditures.  
• STABILIZATION FUND   An account from which funds may be appropriated for any lawful purpose.  Towns may appropriate into the fund in any year an amount not to exceed 10% of the prior year’s tax levy, or a larger amount with the approval of the emergency finance board.  A two-thirds vote of the town meeting is required to appropriate money from the stabilization account.

Previous meetings:

• Mon, Jan 9, 2023 at 05:30 PM -- 18 Little Mohawk Road
• Mon, Oct 24, 2022 at 06:30 PM -- Shelburne Fire Station, 18 Little Mohawk Road
• Fri, Oct 14, 2022 at 01:30 PM -- Shelburne Fire Station, 18 Little Mohawk Road
• Mon, Jan 24, 2022 at 11:00 AM -- Zoom Meeting ID 359 058 3442
• Tue, Jan 18, 2022 at 07:00 PM -- Shelburne Fire Station, 18 Little Mohawk Road
• Mon, Sep 13, 2021 at 06:30 PM -- Zoom Meeting ID 950 423 2156
• Mon, Aug 9, 2021 at 06:30 PM -- Shelburne Fire Station and Zoom
• Fri, Jun 11, 2021 at 06:00 PM -- Zoom
• Mon, May 17, 2021 at 06:30 PM -- Zoom
• Fri, Apr 23, 2021 at 06:30 PM -- Zoom
• Show 29 More...
Fri, Apr 9, 2021 at 06:30 PM -- Zoom
Fri, Mar 12, 2021 at 06:30 PM -- Zoom
Thu, Jan 14, 2021 at 06:30 PM -- Zoom Meeting ID 359 058 3442
Wed, Mar 4, 2020 at 07:00 PM -- Town Hall 51 Bridge Street, Shelburne
Wed, Jan 15, 2020 at 07:00 PM -- Town Hall 51 Bridge Street, Shelburne
Wed, Dec 18, 2019 at 07:00 PM -- Town Hall 51 Bridge Street, Shelburne
Mon, Jul 15, 2019 at 07:00 PM -- Town Hall 51 Bridge Street, Shelburne
Mon, Apr 8, 2019 at 07:00 PM -- Town Hall 51 Bridge Street, Shelburne
Mon, Feb 11, 2019 at 07:00 PM -- Town Hall 51 Bridge Street, Shelburne
Tue, Jan 22, 2019 at 07:00 PM -- Town Hall
Mon, Jan 7, 2019 at 07:00 PM -- Town Hall 51 Bridge Street, Shelburne
Mon, Dec 10, 2018 at 07:00 PM -- 51 Bridge Street, Shelburne, MA
Mon, Dec 3, 2018 at 07:00 PM -- Town Hall 51 Bridge Street, Shelburne
Mon, Nov 5, 2018 at 07:00 PM
Mon, Oct 1, 2018 at 07:00 PM -- Town Hall
Mon, Sep 10, 2018 at 07:00 PM -- Town Hall 51 Bridge Street, Shelburne
Mon, Aug 20, 2018 at 07:00 PM -- Shelburne Town Office, 51 Bridge Street, Shelburne MA
Mon, Jul 23, 2018 at 07:00 PM -- Shelburne Town Office, 51 Bridge Street, Shelburne MA
Mon, Apr 16, 2018 at 06:30 PM -- Shelburne Town Office, 51 Bridge Street, Shelburne MA
Mon, Apr 2, 2018 at 06:30 PM -- Shelburne Town Office, 51 Bridge Street, Shelburne MA
Mon, Mar 19, 2018 at 06:00 PM -- Shelburne Town Office, 51 Bridge Street, Shelburne MA
Thu, Feb 22, 2018 at 07:00 PM -- Shelburne Town Office, 51 Bridge Street, Shelburne MA
Mon, Jan 29, 2018 at 07:00 PM -- Shelburne Town Office, 51 Bridge Street, Shelburne MA
Mon, Jan 8, 2018 at 07:00 PM -- Shelburne Town Office, 51 Bridge Street, Shelburne MA
Mon, Nov 13, 2017 at 07:00 PM -- Shelburne Town Office, 51 Bridge Street, Shelburne MA
Mon, Oct 16, 2017 at 07:00 PM -- Shelburne Town Office, 51 Bridge Street, Shelburne MA
Thu, Sep 14, 2017 at 07:00 PM -- Shelburne Town Office, 51 Bridge Street, Shelburne MA
Wed, Mar 15, 2017 at 06:30 PM -- Shelburne Town Office, 51 Bridge Street, Shelburne MA
Wed, Mar 27, 2013 at 04:00 PM -- Shelburne Town Office, 51 Bridge Street, Shelburne MA