Town of Lynnfield, Massachusetts

The Finance Committee consists of eleven appointed members. Six members are appointed by the Town Moderator, and five are appointed by the Board of Selectmen. The members serve without compensation for overlapping terms of three years. They cannot be Town employees or paid officials. The primary duty of the Finance Committee is to analyze annual expenditure requests and make budget recommendations to Town Meeting. Other duties include recommendations on all matters having an impact on the Town's finances, and supervision over the Town's Reserve Fund. In making its recommendations, the Finance Committee develops objective verification that expenditure requests meet the needs of the Town's residents.