The Finance Committee shall be concerned with all matters involving the finances and financial procedures of the Town of Middleborough, as required by Massachusetts General Laws and the Town Charter. The Committee makes recommendations to the Board of Selectmen and the residents of Middleborough on all financial matters.
The main function of the Finance Committee is to provide a recommended balanced budget to the Annual Town Meeting for the residents to approve. We also have control over the town reserve fund which is a budgetary line item used for extraordinary or emergency situations that may occur during the year. The reserve fund this year was recommended and voted to be $50,000 which has been the customary amount for the last 10 years.