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.
  • James Burnham. 2026.
  • 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:

Finance Committee Meetings

Name Uploaded Date
   FinCom 2024 02-26 Minutes.docx 2024-05-17 14:11:24
   FinCom 2024-04-04 Minutes.docx 2024-05-17 14:13:34
   FinCom 2024-03-28 Minutes.docx 2024-05-17 14:13:17
   FinCom 2024-03-28 Agenda 1.docx 2024-03-26 13:57:54
   FinCom 2024-03-25 Minutes.docx 2024-05-17 14:12:49
   FinCom 2024-03-25 Agenda.docx 2024-03-21 15:03:15
   FinCom 2024-03-11 Agenda.docx 2024-03-08 10:20:31
   FinCom 2024-03-04 Minutes 2.docx 2024-05-17 14:12:05
   FinCom 2024-03-04 Agenda.docx 2024-02-29 16:06:19
   FinCom 2024-02-26 Agenda.docx (View on Calendar) 2024-02-22 08:17:18
   FinCom 2024-02-12 Minutes 1.docx 2024-03-08 10:36:11
   FinCom 2024-02-12 Agenda.docx (View on Calendar) 2024-02-07 12:00:27
   FinCom 2024-01-29 Minutes.docx 2024-03-08 10:36:22
   FinCom 2024-01-29 Agenda.docx (View on Calendar) 2024-01-25 14:35:48
   FinCom 2024-01-16 Minutes.docx (View on Calendar) 2024-02-07 12:01:19
   FinCom 2024-01-16 Agenda.docx (View on Calendar) 2024-01-10 13:11:18
   FinCom 2023-12-18 Minutes.docx (View on Calendar) 2024-01-10 13:11:22
   FinCom 2023-12-18 Agenda.docx (View on Calendar) 2023-12-14 15:12:44
   FinCom 2023-12-04 Agenda.docx (View on Calendar) 2023-11-29 13:19:16
   FinCom 2023-11-06 Minutes.docx (View on Calendar) 2023-12-15 14:39:39
   FinCom 2023-11-06 Agenda.docx (View on Calendar) 2023-11-02 13:11:00
   FinCom 2023-10-11 Minutes.docx (View on Calendar) 2023-11-29 13:19:39
   FinCom 2023-10-11 Agenda 1.docx (View on Calendar) 2023-10-04 14:03:14
   FinCom 2023-10-02 Minutes.docx (View on Calendar) 2023-11-29 13:19:32
   FinCom 2023-10-02 Agenda.docx (View on Calendar) 2023-09-28 14:08:47
   FinCom 2023-09-25 Minutes.docx (View on Calendar) 2023-10-04 14:03:31
   FinCom 2023-09-25 Agenda.docx (View on Calendar) 2023-09-21 14:24:29
   FinCom 2023-09-11 Minutes.docx (View on Calendar) 2023-09-28 14:20:59
   FinCom 2023-09-11 Agenda 1.docx (View on Calendar) 2023-09-07 15:26:46
   FinCom 2023-08-29 Minutes 2.docx (View on Calendar) 2023-09-21 14:30:44
   FinCom 2023-08-29 Agenda.docx (View on Calendar) 2023-08-23 15:06:24
   FinCom 2023-08-28 Minutes 2.docx (View on Calendar) 2023-09-21 14:30:38
   FinCom 2023-08-28 Agenda.docx (View on Calendar) 2023-08-23 15:06:15
   FinCom 2023-08-14 Agenda1.docx (View on Calendar) 2023-08-10 15:35:32
   FinCom 2023-08-07 Agenda 1.docx (View on Calendar) 2023-08-02 14:48:39
   FinCom 2023-07-26 Minutes 2.docx 2023-08-24 14:11:06
   FinCom 2023-07-26 Agenda 1.docx 2023-07-20 13:21:59
   FinCom 2023-07-10 Minutes 2.docx 2023-08-24 14:11:00
   FinCom 2023-07-10 Agenda.docx 2023-07-10 11:15:02
   FinCom 2023-06-26 Minutes 2.docx 2023-08-02 14:48:33
   FinCom 2023-06-26 Agenda.docx 2023-06-21 08:11:54
   FinCom 2023-05-22 Minutes.docx 2023-08-02 14:48:25
   FinCom 2023-05-22 Agenda.docx 2023-05-16 12:41:05
   FinCom 2023-05-01 Minutes.docx 2023-05-24 14:02:24
   FinCom 2023-05-01 Agenda.docx 2023-04-27 16:25:22
   FinCom 2023-04-28 Minutes.docx 2023-05-24 14:02:13
   FinCom 2023-04-28 Agenda.docx 2023-04-27 16:25:18
   FinCom 2023-04-24 Minutes.docx 2023-05-24 14:02:03
   FinCom 2023-04-24 Agenda.docx 2023-04-20 14:05:09
   FinCom 2023-04-19 Minutes.docx 2023-05-24 13:58:57
   FinCom 2023-04-19 Agenda.docx 2023-04-12 15:32:38
   FinCom 2023-04-10 Minutes.docx 2023-05-24 13:58:44
   FinCom 2023-04-10 Agenda.docx 2023-04-06 09:14:23
   FinCom 2023-04-06 Minutes.docx 2023-05-24 13:58:21
   FinCom 2023-04-06 Agenda.docx 2023-04-04 12:38:35
   FinCom 2023-03-27 Minutes.docx 2023-05-24 13:58:05
   fincom 2023-03-27 Agenda.docx 2023-03-21 17:43:05
   FinCom 2023-03-24 Minutes.docx 2023-05-24 13:43:08
   fincom 2023-03-24 Agenda.docx 2023-03-21 17:42:26
   FinCom 2023-03-13 Minutes.docx 2023-05-24 13:43:00
   fincom 2023-03-13 Agenda.docx 2023-03-10 15:31:56
   FinCom 2023-03-06 Minutes.docx 2023-05-24 13:42:44
   FinCom 2023-02-27 Minutes.docx 2023-05-24 13:42:23
   FinCom 2023-02-13 Minutes.docx (View on Calendar) 2023-05-19 13:52:37
   FinCom 2023-02-13 Agenda.docx (View on Calendar) 2023-02-09 11:33:51
   FinCom 2023-01-19 Minutes.docx 2023-05-17 20:21:34
   FinCom 2023-01-19 Agenda.docx 2023-01-17 17:11:01
   FinCom 2023-01-09 Agenda.docx (View on Calendar) 2023-01-04 12:13:07
   FinCom 2022-12-5 Agenda.docx 2022-11-30 17:39:31
   FinCom 2022-11-28 Agenda.docx (View on Calendar) 2022-11-21 11:53:09
   FinCom 2022-10-24 Agenda.docx (View on Calendar) 2022-10-18 11:00:10
   FinCom 2022-10-14 Minutes.docx (View on Calendar) 2022-10-24 18:52:47
   FinCom 2022-10-14 Minutes.docx (View on Calendar) 2022-10-24 18:52:47
   FinCom 2022-10-14 Agenda.docx (View on Calendar) 2022-10-12 10:51:43
   FinCom 2022-10-14 Agenda.docx (View on Calendar) 2022-10-12 10:51:43
   FinCom 2022-09-26 Agenda.docx (View on Calendar) 2022-09-22 08:58:14
   FinCom 2022-08-29 Minutes.docx 2022-10-14 14:56:52
   FinCom 2022-08-29 Agenda.docx 2022-10-18 10:58:31
   FinCom 2022-07-27 Minutes.docx 2022-10-14 14:56:18
   FinCom 2022-07-27 Agenda.docx 2022-10-18 10:58:01
   FinCom 2022-06-29 Minutes.docx (View on Calendar) 2022-10-14 14:56:23
   FinCom 2022-06-29 Agenda.docx (View on Calendar) 2022-06-21 13:14:39
   FinCom 2022-05-31 Minutes.docx 2022-10-14 14:56:31
   FinCom 2022-04-25 Minutes.docx (View on Calendar) 2022-10-26 14:22:01
   FinCom 2022-04-22 Agenda.docx (View on Calendar) 2022-04-20 07:33:22
   FinCom 2022-04-15 Minutes.docx (View on Calendar) 2022-10-26 14:22:07
   FinCom 2022-04-15 Agenda.docx (View on Calendar) 2022-04-12 07:50:21
   FinCom 2022-04-04 Agenda.docx (View on Calendar) 2022-03-31 14:49:43
   FinCom 2022-03-28 Minutes.docx (View on Calendar) 2022-10-26 14:22:14
   FinCom 2022-03-28 Agenda.docx (View on Calendar) 2022-03-21 08:07:39
   FinCom 2022-03-25 Minutes.docx (View on Calendar) 2022-10-26 14:22:58
   FinCom 2022-03-25 Agenda.docx (View on Calendar) 2022-03-23 08:03:07
   FinCom 2022-03-18 Minutes.docx (View on Calendar) 2022-10-26 14:23:02
   FinCom 2022-03-18 Agenda.docx (View on Calendar) 2022-03-16 13:29:32
   FinCom 2022-02-16 Minutes.docx 2022-10-26 14:23:07
   FinCom 2022-02-15 Minutes.docx (View on Calendar) 2022-10-26 14:23:12
   FinCom 2022-02-15 Agenda.docx (View on Calendar) 2022-02-10 12:30:17
   FinCom 2022-02-02 Minutes.docx (View on Calendar) 2022-10-26 14:23:17
   FinCom 2022-02-02 Agenda.docx (View on Calendar) 2022-01-31 06:41:52
   FinCom 2022-01-24 Minutes.docx (View on Calendar) 2022-10-26 14:23:23
   FinCom 2022-01-24 Agenda.docx (View on Calendar) 2022-01-20 13:49:43
   FinCom 2022-01-18 Minutes.docx (View on Calendar) 2022-10-26 14:23:32
   FinCom 2022-01-18 Agenda.docx (View on Calendar) 2022-10-18 10:56:00
   FinCom 2021-12-14 Agenda.docx (View on Calendar) 2021-12-06 13:18:24
   FinCom 2021-12-01 Agenda.docx (View on Calendar) 2021-11-29 07:25:32
   FinCom 2021-10-26 Minutes.docx 2021-12-06 07:03:02
   FinCom 2021-10-13 Minutes.docx 2021-12-06 07:02:50
   FinCom 2021-09-27 Minutes.docx 2021-12-06 07:02:41
   FinCom 2021-09-13 Minutes.docx 2021-12-06 07:02:33
   FinCom 2021-08-09 Agenda 1.pdf (View on Calendar) 2021-07-27 11:59:16
   FinCom 2021-08-09 Agenda 1.pdf (View on Calendar) 2021-07-27 13:37:36
   FinCom 2021-06-11-2021 Agenda .pdf (View on Calendar) 2021-06-08 18:11:17
   FinCom 2021-05-17 Agenda 1.pdf (View on Calendar) 2021-05-12 18:38:27
   FinCom 2021-04-23 Minutes.pdf (View on Calendar) 2021-06-07 13:19:50
   FinCom 2021-04-23 Agenda .pdf (View on Calendar) 2021-04-21 17:03:12
   FinCom 2021-04-09 Minutes.pdf (View on Calendar) 2021-06-07 13:14:46
   FinCom 2021-04-09 Agenda 3.pdf (View on Calendar) 2021-04-07 10:54:14
   FinCom 2021-04-09 Agenda 1.pdf (View on Calendar) 2021-04-07 10:33:12
   FinCom 2021-03-12 Minutes.pdf (View on Calendar) 2021-05-12 18:44:53
   FinCom 2021-03-12 Agenda revised 1.pdf (View on Calendar) 2021-03-03 11:31:04
   FinCom 2021-03-12 AGENDA.pdf (View on Calendar) 2021-03-10 08:37:50
   FinCom 2021-02-09 Minutes.docx 2021-02-24 15:45:10
   FinCom 2021-01-14 Minutes.pdf (View on Calendar) 2021-02-24 16:45:06
   FinCom 2021-01-14 Agenda.docx (View on Calendar) 2020-12-30 10:47:43
   FinCom 2020-12-04 Minutes.pdf 2021-02-24 17:08:11
   FinCom 2020-11-10 Minutes.docx 2021-02-24 18:03:39
   FinCom 2020-11-06 Agenda.docx 2020-11-04 07:46:41
   FinCom 2020-03-05 Minutes.docx 2021-02-24 18:01:44
   FinCom 2019-10-03 Minutes.docx 2020-01-27 21:12:31
   FinCom 2019-10-03 Agenda.docx 2020-01-27 21:12:27
   FinCom 2019-07-29 Minutes.docx 2020-01-27 21:13:06
   FinCom 2019-07-29 Agenda.docx 2020-01-27 21:13:07
   FinCom 2019-04-08 Minutes.docx (View on Calendar) 2020-01-03 07:22:32
   FinCom 2019-04-08 Agenda.docx (View on Calendar) 2020-01-03 07:22:32
   FinCom 2019-02-11 Minutes.doc (View on Calendar) 2020-01-03 07:22:17
   FinCom 2019-02-11 Agenda.docx (View on Calendar) 2020-01-03 07:22:17
   FinCom 2019-01-22 Minutes.docx (View on Calendar) 2020-01-03 07:22:10
   FinCom 2019-01-22 Agenda.docx (View on Calendar) 2019-01-18 17:38:33
   FinCom 2019-01-07 Minutes.doc (View on Calendar) 2020-01-03 07:22:07
   FinCom 2019-01-07 Agenda.docx (View on Calendar) 2019-01-18 17:38:31
   FinCom 2018-12-10 Agenda.docx (View on Calendar) 2018-12-07 13:01:24
   FinCom 2018-11-05 Minutes.doc (View on Calendar) 2020-01-03 07:21:54
   FinCom 2018-11-05 Agenda.docx (View on Calendar) 2018-10-31 10:25:53
   FinCom 2018-10-01 Minutes.docx (View on Calendar) 2018-10-31 10:22:20
   FinCom 2018-10-01 Agenda.docx (View on Calendar) 2018-10-31 09:49:00
   FinCom 2018-09-10 Minutes.docx (View on Calendar) 2018-10-31 10:22:20
   FinCom 2018-09-10 Agenda.docx (View on Calendar) 2018-10-31 10:22:20
   FinCom 2018-08-20 Minutes.docx (View on Calendar) 2018-10-31 10:22:20
   FinCom 2018-08-20 Agenda.docx (View on Calendar) 2018-10-31 09:49:00
   FinCom 2018-07-23 Minutes.doc (View on Calendar) 2018-10-31 10:22:21
   FinCom 2018-07-23 Agenda.docx (View on Calendar) 2018-10-31 09:49:00
   FinCom 2018-06-25 Minutes.docx 2018-10-31 10:22:20
   FinCom 2018-06-25 Agenda.docx 2018-10-31 09:49:00
   FinCom-2022-11-28 Agenda.docx (View on Calendar) 2022-11-21 11:26:35