Finance Committee

Finance Committee and Select Board Subcommittee advanced revised Capital Stabilization Fund and Financial Policies ahead of full board consideration. Members approved prior minutes and spent the meeting refining language on debt management (setting a non-exempt debt cap at 10 percent), clarifying

Andover Finance Committee and Select Board Subcommittee vote unanimously to create Capital Stabilization Fund. Town Manager Andrew Flanagan and Chief Financial Officer Hayley Green presented a framework targeting capital projects in the $20 million to $50 million range, with $50 million for town

Andover Finance Committee and Select Board Subcommittee completed a detailed review of an integrated financial-policy document on April 15, refining language on reserves, free cash, and capital stabilization funding. Town Manager Andrew Flanagan and Chief Financial Officer Hayley Green distributed

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 backs $252.6M FY2027 budget for Town Meeting approval. Chair Paula Colby-Clements and the eight-member Committee unanimously recommended Article 4, which totals $258,684,234 gross less budgeted revenues of $3,547,826 and indirect offsets of $2,506,756. The Committee flagged