Select Board and Finance Committee review reserve policies and long-term planning.
Select Board and Finance Committee subcommittee tackle reserve structures and capital outlook. Town Manager Andrew Flanagan and Chief Financial Officer Hayley Green presented comparative reserve data showing Standard & Poor's views Andover's reserves as relatively low compared to peer communities.
Select Board · Meeting of April 8, 2026
ANDOVER — Select Board and Finance Committee subcommittee tackle reserve structures and capital outlook. Town Manager Andrew Flanagan and Chief Financial Officer Hayley Green presented comparative reserve data showing Standard & Poor's views Andover's reserves as relatively low compared to peer communities. The committee discussed balancing free cash and stabilization funds, reviewed the Capital Improvement Program, and debated long-term facilities and maintenance planning, including a potential 30-year outlook.
Members agreed on the value of reviewing reserve policies every three to five years.
In the full story:
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Source: the Select Board meeting of April 8, 2026, compiled from the official minutes.
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