[HISTORY: Adopted by the Town Meeting 5-8-1988 ATM, Art. 98, as Sec. 30.0 of the General Bylaws. Amendments noted where applicable.]
There shall be a Finance Committee of 15 voters, as outlined in Section 3-9, of the Charter.
No elected or appointed Town officer, (except as listed below) or no Town employee shall be eligible to serve on said Finance Committee. The Finance Committee shall choose its own officers and shall serve without pay, and shall cause to be kept a true record of its proceedings.
Members of the Finance Committee may serve on the Capital Planning Advisory Committee.
Members of the Finance Committee may serve on the Personnel Advisory Board. The Finance Committee may appoint a non-member or a member to serve on the Personnel Advisory Board.
Nothing in these bylaws shall prevent a member of the Finance Committee from being appointed to serve on a committee, board or commission of the Town of Webster as representative of the Finance Committee.
[Added 5-11-1998 STM, Art. 22]
The Finance Committee shall consider matters relating to the appropriation, the borrowing and the expenditure of money by the Town, its indebtedness; the methods of administration of its various officers and departments; and may make recommendations to the Town, or to any Town board, officer or committee, relative to such matters. In the discharge of its duty, said committee, relative to such matters, said committee shall have free access to all pertinent information in the possession of any Town board, officer or committee.
[Amended 5-10-2010 ATM, Art. 12]
The various boards, officers and committees charged with the expenditures of Town money shall, before February 28, prepare detailed estimates of the amounts deemed by them necessary for the ensuing fiscal year, with explanatory statements of the reasons for the ensuing fiscal year, with explanatory statements of the reason for any changes from the amounts appropriated for the same purpose during the current year. Said estimates and statements will be submitted to the Town Administrator on or before February 28 of each year and by him/her transmitted forthwith to the Finance Committee.
The Finance Committee shall duly consider the estimates and statements submitted to it by the various Town boards, officers and committees, and may confer with them, and hold hearings, if deemed advisable. Public hearings shall be called as outlined in Section 6-5 of the Charter. The Finance Committee shall thereupon approve or disapprove the amount, in whole or in part, of the appropriation so requested, and shall make a report of all matters considered by it, with recommendations or suggestions relative thereto. Said report shall be sent to the Selectmen who shall have it published and distributed seven days before the annual business meeting, (Annual Town Meeting) and shall also contain (a) a statement of the doings of the Board during the year, (b) a statement of the bonded indebtedness of the Town and Town's debt limit imposed by law, (c) the amount of free cash in the excess and deficiency account, and (d) its recommendation or suggestions on those articles in the warrant which shall have been submitted to the Selectmen.
The Finance Committee shall duly consider all articles in warrants for Special Town Meetings, and shall make a report of all matters considered by it, with recommendations relative thereto, which shall be given on or before said special meeting.
The Town Administrator's proposed budget may be subject to amendments by the Finance Committee per Section 6-5, of the Charter.