Established in accordance with Section 15 Of the Charter of the Town of Milton.
The Finance Committee is composed of an indefinite number of persons. It is not a Charter-mandated commission or committee. Section 15 of the Charter says: “The Mayor may, with the advice and consent of a majority of the Town Council, for the proper administration of the Town of Milton, create committees and/or appoint any and all persons to such committees.”
Members of such committees serve at the pleasure of the Mayor and Council. Persons being considered for appointment to committees, ad hoc committees and working groups must first complete the Ethics Form (referenced in Appendix C of the Town of Milton Charter). Members of such committees and groups shall not be required to have their primary residence within town.
The current members of the Finance Committee are as follows:
- Members to be appointed at a later date
Persons appointed to committees are volunteers and most often bring relevant education and experience to the group. Appointments are typically made at first meeting of Town Council that follows the annual Municipal Election in March. It is customary that the Town Treasurer serve on the Finance Committee. The Town Treasurer is the current Finance Committee chair.
The Finance Committee serves the Mayor and Town Council through a regular review of accounts and financial practices. Together with the Town Manager, the Finance Committee may develop and propose policies or changes in practice. Changes in administrative practices may be enacted by the Town Manager. Policies and amendments to the Municipal Code may be proposed to Council and adopted through an affirmative vote of a majority of Council members.
The Town Manager is responsible for preparing an annual budget and work program for the Town. The fiscal year for the Town of Milton is October 1 through September 30. Providing the Town Manager with budgetary recommendations is a significant part of Finance Committee activities. The Finance Committee also provides advice and support to the Town Treasurer.
Meetings of the Finance Committee occur during the months that precede the consideration of a new fiscal year budget. This typically occurs during the months of July and August of each year. All meetings are open to the public. Meeting notices are posted on the town web site and the bulletin board at 101 Federal Street.