The fiscal year of the town shall be as required by the General
Laws.
[Amended 2000]
The Town Manager, no later than the first Monday in January
of each year, shall submit to the Select Board and Finance Committee
a proposed budget and a proposed capital improvement program for the
ensuing fiscal year with an accompanying budget message and supporting
documents.
The budget message of the Town Manager shall explain the budget
for all Town agencies, both in fiscal terms and in terms of work programs.
It shall outline proposed financial policies of the Town for the ensuing
fiscal year; describe important features of the budget; indicate any
major variations from the current year in financial policies, expenditures
and revenues together with the reasons for such changes; summarize
the Town's debt position and include other material as the Town Manager
deems desirable.
[Amended 2000; 2006]
Not later than the first Monday in January of each year, the
town manager shall submit a capital improvement program to the Select
Board and finance committee. The capital improvement program, prepared
by Capital Improvement Program Committee, shall include: a clear,
concise summary of all capital improvements proposed to be undertaken
during the next ensuing six years with supporting information as to
the need of each such capital improvement; cost estimates, methods
of financing and recommended time schedules for each improvement;
and the estimated annual cost of operating and maintaining each facility
and piece of major equipment involved. This information is to be annually
revised by the Capital Improvement Program Committee with regard to
the capital improvements still pending or in the process of being
acquired, improved or constructed.
The Capital Improvement Program Committee shall be composed
of two members of the Finance Committee, two members of the Planning
Board, two members of the Select Board, two members of the School
Committee, and one member of the Municipal Building Committee. The
Town Manager and Planning Director shall serve as non-voting members.
