App § 41. Fiscal year of the Town government

§ 41. Fiscal year of the Town government The fiscal year of the Town government shall be fixed by the Selectboard. (Amended 2021, No. M-13 (Adj. Sess.), § 2, eff. May 16, 2022.)

App § 42. Town Manager’s proposed budget timetable and preparation

§ 42. Town Manager’s proposed budget timetable and preparation (a) Submission of timetable. At least five months before the scheduled date of Town meeting, the Town Manager shall prepare and present to the Selectboard and Budget Advisory Committee a proposed timetable that shall project the progress of events leading to the adoption of the Town […]

App § 43. Capital expenditure program

§ 43. Capital expenditure program (a) Preparation and submission. The Town Manager, after consultation with department heads, shall submit a proposed five-year capital expenditure program to the Selectboard, with a copy provided to the Budget Advisory Committee, at least three months prior to Town meeting. (b) Contents. (1) The capital expenditure program shall include: (A) […]

App § 44. Reserve funds

§ 44. Reserve funds (a) The Selectboard may raise and appropriate money for the establishment of capital reserve or equipment reserve funds for the financing of all or part of: (1) the construction, reconstruction, or acquisition of a specific capital improvement, or the acquisition of a specific item of equipment; (2) the construction, reconstruction, or […]

App § 45. Board review and final action

§ 45. Board review and final action Board review. (1) The Selectboard shall schedule one or more meetings, as it deems appropriate, for the review and discussion of the proposed budget and comments from the Budget Advisory Committee. (2) Upon completion of its review, the Selectboard shall act to finalize its budget proposal. (3) The […]

App § 46. Special appropriations

§ 46. Special appropriations In response to a request, or upon its own initiative, should the Selectboard so judge, the appropriation relative to a special element of Town business may be placed on the warning as a special appropriation by a majority vote of the Board Selectboard. In taking action, the Selectboard shall maintain the […]

App § 47. Budget Advisory Committee; budget process

§ 47. Budget Advisory Committee; budget process The Selectboard shall appoint a Budget Advisory Committee that shall be composed of not less than five and not more than nine registered voters of the Town at least six months before the scheduled date of the annual Town meeting. The Budget Advisory Committee shall be governed by […]

App § 48. Appropriation; budget

§ 48. Appropriation; budget (a) Gross appropriation fixed and levy. (1) No appropriation may be voted unless such action was duly warned. (2) As of the effective date of the budget, all amounts stated therein are appropriated (for the specified agency’s or department’s purpose). Adoption of the budget shall constitute appropriations of the amounts specified […]

App § 49. Financial administration and Town budget

§ 49. Financial administration and Town budget (a) Finance Director. (1) The Town Manager may appoint, upon merit alone, a person who shall serve as the Finance Director. (2) The Finance Director shall be a member of the Town administration and be subject to all rules and regulations of the Town administration, and may be […]

App § 50. Trust funds

§ 50. Trust funds (a) Trust funds of the Town shall be accounted for separately and kept apart from other Town funds. (b) Trust funds shall be the responsibility of the trustees of public funds in accordance with this charter and State law, unless the trust document specifies otherwise. (Amended 2021, No. M-13 (Adj. Sess.), […]

App § 51. Taxation and collection

§ 51. Taxation and collection (a) [Repealed.] (b) Responsibility for taxation and collection. (1) The Town Treasurer shall be responsible for tax collection. (2) [Repealed.] (3) The Collector of Taxes or Delinquent Taxes may charge and collect such fees and interest as may be fixed by the Selectboard and shall deposit them into the General […]

App § 52. Debt and bonded debt for Town improvements

§ 52. Debt and bonded debt for Town improvements (a) Authorization for any long-term debt shall be granted by the voters at an annual or special Town meeting duly authorized for that purpose. As used in this section, “long-term” means a period of indebtedness greater than five years. (b) An article requesting authorization to incur […]