Capital Expenditure Committee

Overview

Purpose

The Capital Expenditure Committee shall consider capital appropriations and make recommendations to Town Meeting based on a six-year plan.

Definition of Capital Expenditures

Capital expenditures are for items and projects that are expected to last more than one year and have a significant monetary value. The Capital Expenditure Committee shall annually establish the level for the minimum appropriation and the life expectancy that are considered capital expenditures after consultation with knowledgeable officials of the Town.

Responsibilities

The Capital Expenditure Committee shall prepare and annually update a six-year plan for spending on town capital projects. It shall be submitted in written form to the Select Board and the Finance Committee not less than ten working days before the end of the calendar year. The plan shall include expenditures for new construction, major improvements to existing town property and major purchases of equipment by all town departments, offices, boards, commissions, and committees. The plan shall be prepared on the basis of town-wide priorities and shall consist in part of a list of expenditures, by item, for each year of the plan.