Town of Canton, Connecticut - Board of Finance

The Board of Finance, which consists of six members elected at large to serve staggering terms, is the budget making authority of the Town with the following responsibilities:

No less than annually analyze and report on the long-range financial plan and debt management for the Town;

Annually designate an independent public accountant to audit the accounts of the Town as required by Connecticut General Statutes;

have access to the records and accounts of the Boards of Selectmen and Education, respectively;

Receive proposed annual budgets from the Boards of Selectmen and Education respectively and conduct a public hearing on said proposals; prepare a Recommended Budget and submit said budget for adoption at the Annual Budget Meeting;

Following approval of the budget and completion of the Grand List, lay a tax on the Grand List sufficient to pay the expenses of appropriations of the Town for the ensuing year;

Make and approve special appropriations up to $50,000 from surplus or the Contingency Fund in accordance with Town Charter; and

Approve the acceptance of any grant of funds or materials and authorization to expend such grant funds or use of materials up to $99,999.99.