Finance Committee reviews revised financial policies, defers vote on minutes.
Finance Committee reviews capital and enterprise fund policy revisions without voting. Town Manager Andrew Flanagan and Chief Financial Officer Hayley Green walked committee members Paula Colby-Clements, Kim Perry, Laura Gregory, and Kevin Coffey through changes to the Capital Stabilization Policy,
Finance Committee · Meeting of March 4, 2026
ANDOVER — Finance Committee reviews capital and enterprise fund policy revisions without voting. Town Manager Andrew Flanagan and Chief Financial Officer Hayley Green walked committee members Paula Colby-Clements, Kim Perry, Laura Gregory, and Kevin Coffey through changes to the Capital Stabilization Policy, Budget Process, and Water & Sewer Enterprise Financial Policies. The capital improvement threshold was raised from $25,000 to $35,000, and policy language was revised to clarify reserve and stabilization fund usage.
Flanagan flagged potential stormwater management investment as a major future cost requiring a fixed rate in Andover. Approval was deferred pending consolidation of revisions into a single document for further committee review.
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Source: the Finance Committee meeting of March 4, 2026, compiled from the official minutes.
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