Why are Financial Policies being ignored?
- Jean Nam
- Apr 5
- 1 min read
There is a big meeting this coming week where the Select Board, FinCom, Town Departments all talk about the Capital Projects that are proposed for this year. All in all, there are about $13 Million dollars in capital projects being proposed this year.
$13 Million.
That's a lot of money. Which is why several years ago, we developed some Financial Policies around the process of defining, prioritizing, and funding capital. I've create a little checklist to see how we are doing following the policies.
Green - Good.
Yellow - Waiting to see.
Red - Violating the policy.
Unfortunately there are Red areas in particular around the capital projects. In order to talk about Capital projects, you need to have the plan which was due Jan 31. Only part of the plan was complete.
I wonder how the meeting this coming week can be productive with so much missing data. The lack of accountability and transparency is very disappointing.


