BOARD OF FINANCE

The Board of Finance is responsible for providing oversight and guidance in all financial matters relating to the Town. The BoF derives its authority from the Connecticut General Statutes (Title 7, Chapter 106), in accordance with the Town Charter, Ordinances and Special Laws. The specific responsibilities of the BoF are:

• Reviewing, revising, and approving the town budget prior to Town Meeting/Referendum

• Setting the Mil (property tax) rate

• Approving deficiency and special appropriations and transfers between appropriations

• Determining how the Town’s financial records are to be kept

• Arranging for an annual audit of Town accounts

• Publishing the Town’s Annual Report

The BoF consists of six members who are elected to four year terms.

The BoF meets once a month, on the second Wednesday, 7:00 p.m., in the Upper Meeting Room, EL Town Hall. Additional meetings are held, typically in March and April, to review the budget and prepare for the Town Meeting/Referendum. Special meetings may also be called during the year to accommodate the needs of the Town.

Agendas and Minutes are available at: http://eltownhall.com/government/boards-commissions/board- of-finance/board-of-finance

Budget information is available at: http://eltownhall.com/government/departments/finance/

The Handbook for Connecticut Boards of Finance is available at: http://eltownhall.com/wp- content/uploads/2016/11/handbook_for_connecticut_boards_of_finance_ocr.pdf

The CG Statutes that govern the BoF are available at: https://www.cga.ct.gov/current/pub/chap_106.htm

Current Membership as of 12/4/2023:

Denise Hall, R - Chair

John T. Birmingham, R - Vice Chair

Jay Ginsberg, D

Lauren Mcnamera, U (appointed)

Paul Maxfield, R

Richard Steel, D