Finance Committee and Select Board revise financial policies for capital planning and enterprise funds.
Finance Committee and Select Board Subcommittee revise capital and enterprise fund policies. Town Manager Andrew Flanagan and Chief Financial Officer Hayley Green led discussion on raising the Capital Improvement Program threshold to $35,000, revising the Capital Stabilization Fund to consider
Select Board · Meeting of March 4, 2026
ANDOVER — Finance Committee and Select Board Subcommittee revise capital and enterprise fund policies. Town Manager Andrew Flanagan and Chief Financial Officer Hayley Green led discussion on raising the Capital Improvement Program threshold to $35,000, revising the Capital Stabilization Fund to consider project components, and refining Water & Sewer Enterprise Fund policies to tie user rates to actual property use. The board retained language supporting a "multi-year water and sewer rate plan" and requested a consolidated policy document before the March 27 meeting.
Potential stormwater management investments and bond rating maintenance emerged as long-term fiscal concerns.
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Source: the Select Board meeting of March 4, 2026, compiled from the official minutes.
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