Capital Planning Committee

Funds for capital appropriations come from the Capital Stabilization Fund, which is annually funded at 2% of the general fund revenues from property taxes, state aid and local receipts.

Composition

  • Appointed by the Select Board
  • Six members
  • Three year staggered term committee positions elected by its memebers

Current members of the committee are: Stephen Gelling (Chair), Richard Foster, Nicholas Katsoulis, Richard Kmetz, Steven Metz, and James Nurse

Function and Purpose

  • Solicit and review capital requests from all town departments. Capital is defined as:
    • Major repairs exceeding $10,000 with a useful life of ten (10) years or more.
    • Purchases of major equipment exceeding $10,000 with a useful life of five (5) years or more.
  • Submit to the Select Board a recommendation of captital items to be funded from the Capital Stabilization Fund.
  • Review prior year capital appropriations to assure expenditures met appropriated purpose.
  • Develop a long range capital plan for replacement of town capital assets.

The Capital Planning Committee meets regularly from October through February preparing recommendations to the Select Board prior to the Spring Annual Town Meeting. The Select Board may accept this committee’s recommendations or modify them in any manner they see fit.

Meeting Minutes

FY2012

FY 2011

 FY 2010

 FY 2009

 FY 2008

FY 2007

 FY 2006

FY 2005

 FY 2004

 FY 2003

FY 2002

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