APPOINTMENT
Motion/Request:
title
MOTION to adopt a proposed "Resolution Establishing A Committee to Transform the Budget Process" as contained in the draft dated February 28, 2023.
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Background:
The last Budget Transformation exercise was completed in October 2016. (Please see attached Final Report and Progress to Date)
During the last eight years much as changed including the rate of inflation.
The Town Council is considering standing this Committee up again to review the Goals and Objectives that were recommended in 2016 relative to the actions the Town has taken to implement the suggestions and to reevaluate the town's needs and budget process.
Resolution:
DRAFT: 2/28/2023
RESOLUTION
ESTABLISHING A COMMITTEE TO
TRANSFORM THE BUDGET PROCESS
WHEREAS: The Town Council recognizes the burden that the State's level funding has imposed on municipal budgets and its taxpayers by not keeping up with the rate of inflationary costs and by imposing unfunded mandates on cities and towns.
WHEREAS: The Town Council recognizes the need to examine alternative budgeting methods such as a Zero Based Budget Practice for the implementation of the Fiscal Year 2024/2025 Budget preparation.
NOW, THEREFORE, BE IT RESOLVED: That there is hereby established a Committee to Transform the Budget Process to be comprised of nine (9) regular members. All members shall be appointed by the Town Council with the following representation:
Town Council Finance Committee Chairman
Town Council Chairman
One additional Member of the Town Council
Two Members from the Board of Education
Four Members from the Community-at-Large
In addition, the Mayor and Superintendent of Schools or their designee serve as ex-officio members.
Regular members shall be appointed by the Town Council for a term of four months. Members shall commence to serve their terms immediately upon appointment and shall serve until their successor has qualified or are removed by the Town Council.
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