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Town Bylaws
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Charter
2004
Town Report

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Capital Planning Committee
Funds for capital appropriations come from the Capital
Stabilization Fund, which is annually funded at 2% of property
tax revenue.
Composition
- Appointed by the Select Board
- Six members
- Three year staggered term committee positions elected by
its memebers
Current members of the committee are: Mark Gold (Chair),
Steven Gelling (Vice Chair), Roger Wojcik (Secretary),
Nicholas Katsoulis, Ned Steiger and Stephen Metz.
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 April 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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All of the above meeting minutes are posted in
Adobe Acrobat Read format. For information on how to utilize
this useful reader, please consult our Five
Minute Guide for Acrobat Read. |
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