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Board of Finance
Regular Meetings
7:30 PM
Third Wednesday of each month
Preston Plains Middle School
1 Route 164
Preston, CT 06365
2018 Capital Projects Plan Information
- 5-Year Capital Projects Purchasing Plan
- Changes To The 5-Year Capitol Plan Since 2016
- Preston Long Term Combined Debt In Annual Payments
- Preston’s Overall Debt Services as of July 2018
Agendas & Minutes
Agendas are available prior to the meetings. Minutes are available following approval.
View Most Recent Agendas and Minutes
Members
- John Moulson, (R)
Seat 1 - Term: December 15, 2021 to November 7, 2023 - Zachary Maurice, (D)
Seat 2 - Term: November 16, 2021 to November 16, 2027 - Stacey Becker, (R)
Seat 3 - Term: November 21, 2017 to November 21, 2023 - Robert Congdon, Vice Chair (R)
Seat 4 - Term: November 5, 2019 to November 21, 2023 - Kayla Thompson, (D)
Seat 5 - Term: July 26, 2022 to November 7, 2023 - Denise Beale, (D)
Seat 6 - Term: November 19, 2019 to November 18, 2025
Alternates
- Andrew Sawyer, (R)
Seat 1 - Term: November 16, 2021 to November 21, 2023 - Vacancy
Seat 2 - Term to November 21, 2023
The Board of Finance is made up of six members who are elected for a six-year term. The Board also has two alternate members are elected for a two-year term. Two members and two alternates are elected every two years in municipal elections. Tasks of the Board of Finance includes:
- Preparing the Town Budget
- Setting the property tax rate
- Approving special appropriations and transfer between appropriations
- Determining the method and extent of financial record keeping
- Arranging for the annual audit of the Town accounts
- Publishing the annual Town Report
Responsibilities
The primary responsibility of the Board is to make an annual budget recommendation to the legislative body. To do this, the Board receives budget estimates of income and expenses from the Board of Selectmen and the Board of Education, who then compile a balanced budget and presents it to the legislative body at a town meeting.
In addition, the Board is responsible for the Town’s accounting system, preparing the annual town report, and providing the annual financial audit.
After a budget is approved, the Board of Finance can approve additional appropriation up to $20,000.00 Appropriation of more than $20,000.00 requires town meeting approval; more than $100,000.00 also requires approval by referendum.