FINANCE COMMITTEE
Term: Three years
Appointing Authority: Finance Committee Appointment Committee
Number of Members: Nine Members to be appointed to no more than three consecutive terms
Meetings: Once a month except during budget season when the committee usually meets once or twice each week
Authority: Reading Charter Adopted March 24, 1986
Purpose: The Finance Committee shall have all the powers and duties granted to Finance Committees under the laws of the Commonwealth, Town Bylaws, Town Meeting vote and other applicable laws. In addition to these powers the Finance Committee shall have the power to investigate the books, accounts, records and management of any office board or committee in Town and may use agents in carrying out such investigations. The Finance Committee shall report its findings approval or disapproval on all articles which involve the expenditure of funds in the warrant in writing at least seven (7) days before Town Meeting. Such a report shall not preclude further action or reconsideration by the Finance Committee.
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