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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
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