The Finance Committee reviews all financial matters in order to make reports and recommendations to the town. Its specific responsibilities include preparing and submitting an annual report that contains the annual budget for consideration at the annual town meeting, making transfers from the reserve fund as necessary to provide for extraordinary or unforeseen expenditures, and making recommendations on all warrant articles involving expenditures that are considered by any town meeting. In addition, the committee is charged with studying and reporting on the long-term capital requirements of the town.
Throughout the year, the committee regularly interacts with the town, schools, and other committees on fiscal issues. It establishes a budget guideline each fall and holds budget hearings in December through February to determine a budget to recommend at the annual town meeting. The committee holds hearings before the annual town meeting and special town meetings on finance-related matters.