Finance Committee

The Finance Committee (FinCom) is a seven-member committee appointed by the Town Moderator and serves Town Meeting voters—in accordance with Massachusetts General Laws (Chapter 39, Section 16) and Maynard’s Town Charter and By-laws—in three important ways:

  1. Work throughout the year on behalf of Town Meeting voters and in collaboration with the Board of Selectmen, School Committee, Town Administrator, and other Town stakeholders to (a) research impartially and understand the Town’s finances and important financial trends, and (b) take proactive steps to make this understanding more accessible to Town Meeting voters.
  2. Provide independent oversight of Town finances, representing the interests of Town Meeting voters.
  3. Review and analyze all Town Meeting warrant articles and make informed recommendations for the consideration of Town Meeting voters as they decide how to vote.

Pursuant to this last point, the Town Charter expressly requires the FinCom to “report, in writing, its recommendations on every article contained in a town meeting warrant together with a statement of the reasons for each such recommendation.”  The Charter also requires the FinCom to “hold one or more public hearings to permit public discussion of the subject matter of all articles contained in the warrant” and “conduct at least one public hearing on the proposed budget.”  These public hearings are usually held in the weeks before each annual or special town meeting and are announced via the FinCom’s meeting notices.

The Finance Committee normally meets on the 2nd and 4th Mondays of each month in Room 201, Maynard Town Hall (195 Main Street).

 

Financial Transparency

The Town of Maynard has partnered with ClearGov, a leading municipal transparency and benchmarking platform, to launch an infographic-based fiscal dashboard. The new tool provides residents an easy-to-understand, interactive breakdown of the town’s finances, as well as insights into demographics, population, projects and more.

Click on the banner below to access the ClearGov page and come back often to view updates.

 

Notices and Documents

June 2020 Town Meeting

  • The FinCom Recommendations are published in the Town Meeting Warrant.
    (These supersede the draft recommendations dated 11-May-2020 published here earlier.)
  • FinCom Recommendation on Article 13 and General Summary of Maynard’s Finances (7-Jun-2020)
  • FinCom Budget Status Presentation

    NOTE: This Budget Status Presentation is the slide deck that the Maynard Finance Committee (FinCom) planned to use for its presentation at the June 13 Annual Town Meeting.  In the interest of saving time at Town Meeting, the presentation will be deferred to the planned October Special Town Meeting.  Nevertheless, the FinCom encourages those wishing to understand the current status of the Town’s budget to review the information in the slide deck.

FY2021 Budgeting Process

The Board of Selectmen and Finance Committee hosted a joint meeting on Saturday, February 8th to discuss the FY21 Budget. Please find presentation materials linked below.

Other Materials:

Oct 2019 Special Town Meeting

The Finance Committee held a public hearing on October 21st at the Maynard Town Building, Room 201, to present background information and recommendations on warrant articles for the Special Town Meeting to be held on October 28th. All town residents were welcome and invited to attend.  There was a question and answer period to help residents better understand the articles’ intent.

Please Note: The Finance Committee’s recommendations to Town Meeting voters (and accompanying statements of reasons/comments) for Articles 1-5 are included in the printed Warrant, available at the first link above (Article 1, page 5; Article 2, page 10; Article 3, page 12; Article 4, page 12; Article 5, pages 13-14). The recommendation and accompanying comments for Article 6 had not been finalized by the time that the Warrant went to press and so are provided in the second link listed below:

2019 Annual Town Meeting

The Finance Committee — in close collaboration with the Board of Selectmen, School Committee, Town Administrator, and other Town stakeholders — put together an analysis report, aimed at providing residents with a clear, concise, and accessible context for the operating budget proposals for the coming fiscal year: View the report.

FYI: A number of documents related to the Fiscal Year 2020 (FY2020) Budget Process can be found on the Board of Selectmen page.

Archive Reports

 

Members

Name Title Term Expires
Ken Estabrook Chairman 2020
Jillian Prendergast Vice Chairman 2020
PJ Gauthier Clerk 2022
Robert McCarthy Member 2021
Peter Campbell Member 2022
Alannah Gustavson Member 2022
Tom Black Member 2021
 

Contact

You can contact the Finance Committee through the chair’s email: kestabrook@townofmaynard.net

 

Resources