The Finance Committee advises the Select Board and Town voters on financial matters, including the budget and departmental spending, and on all warrant articles involving the expenditure of taxpayer money including borrowing. The committee’s statutory authority is limited to making transfers from the Town’s Reserve Fund (a contingency fund created as part of the annual budget appropriations) to other line items in the budget for extraordinary or unforeseen occurrences.
In addition to its advisory role, the Finance Committee develops long-range revenue and expenditure forecasts and plans for capital acquisitions and projects.
Article II, Section 10, of the By-laws of the Town of Weston
"There shall be a Finance Committee composed of nine voters of the Town who shall serve without pay and shall not, while serving on said committee, hold any other town office...the committee shall choose a chairman and a secretary, and shall, prior to the Annual Town Meeting, confer with the Selectmen for consideration of the annual budget, and may confer with other town officers, and may hold public hearings. The committee may consider all financial and other questions coming before the Town for action or affecting the interests of the Town, and may at any time make reports or recommendations in print or otherwise to town officers or committees or to the voters, and all such reports and recommendations shall be printed at the expense of the Town, if the committee so requests."