Finance Committee and Select Board subcommittee review reserve policies and long-term capital planning.
Finance Committee and Select Board subcommittee discuss reserve structures and capital planning. Town Manager Andrew Flanagan and Chief Financial Officer Hayley Green presented draft budget materials and comparative reserve data showing Andover's reserve levels as relatively low compared to peer
Finance Committee · Meeting of April 8, 2026
ANDOVER — Finance Committee and Select Board subcommittee discuss reserve structures and capital planning. Town Manager Andrew Flanagan and Chief Financial Officer Hayley Green presented draft budget materials and comparative reserve data showing Andover's reserve levels as relatively low compared to peer communities by Standard & Poor's standards. Committee members--Finance Committee member Paula Colby-Clements and Select Board members Laura Gregory and Kevin Coffey--examined free cash versus stabilization funds, long-term facilities planning, and the balance between reserve adequacy and resident taxation.
The group emphasized the importance of a 30-year maintenance outlook and regular three-to-five-year policy reviews. No formal votes were recorded; the next meeting is scheduled for April 15, 2026.
In the full story:
- The complete report — 289 words
Source: the Finance Committee meeting of April 8, 2026, compiled from the official minutes.
Members read the rest of this story and every Andover meeting we cover, in full.
Become a memberAlready a member? Sign inA 30-day free trial needs a payment method. After it, your membership renews at the price shown at checkout until you cancel, which you can do anytime from your account. Subscription terms
Share this brief
Know someone in Andover who follows town government? Share Townbrief Andover: they can sign up free.