Colrain Town Seal

Colrain

Massachusetts

Town of Colrain
55 Main Road
Colrain, MA 01340
413-624-3454
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Finance Committee

No meetings currently scheduled.

Members

5 of 5 seats. 3 years each seat.

  • Deborah Menard. June, 2024.
  • Thom Griffin. June, 2026.
  • Douglas MacLeay, Chair. June, 2025.
  • David Swiderski, Clerk. June, 2027.
  • Betty Ringwood, Vice Chair. June, 2026.

The Finance Committee is comprised of up to (5) five members, appointed by the Town Moderator.  

RESPONSIBILITY OF THE FINANCE COMMITTEE

The Finance Committee’s prime responsibility is to make recommendations on all financial matters, including the budget, to town meeting.  The committee has oversight responsibility for all municipal financial matters, as well as other statutory authority granted to them by the Towns bylaws.

KEY DEFINITIONS USED BY THE FINANCE COMMITTEE
  • BUDGET A plan of financial operation embodying an estimate of proposed revenues and expenditures for a given period and the proposed means of financing them.
  • CHERRY SHEET The Cherry Sheet is the official notification from the Commissioner of Revenue of the next fiscal year’s state aid and assessments to communities and regional school districts.  
  • DEBT EXCLUSION This is a vote by a municipality at an election to exclude debt service payments for a particular capital project from the levy limit.  The amount necessary to cover the annual debt service is added to the levy limit for the life of the debt only.
  • FREE CASHFunds remaining from the operations of the previous fiscal year which are certified by the Department of Revenues director of accounts, as available for appropriation.  Remaining funds include unexpended free cash from the previous year, receipts in excess of estimates shown on the tax recapitulation sheet and unspent amounts in budget line-items.
  • LOCAL RECEIPTS Locally generated revenues other than real and personal property taxes and excluding enterprise revenue funds.  Examples include motor vehicle excise, investment income, hotel/motel tax, fees rentals and charges.  Annual estimates of local receipts are shown on the tax recapitulation sheet.
  • OPERATING BUDGETThe plan of proposed expenditures for personnel, supplies, and other expenses for the coming fiscal year.
  • OVERRIDE A vote by a community at an election to permanently increase the levy limit.  An override vote may increase the levy limit to no higher than the levy ceiling.
  • RESERVE FUND An amount set aside annually within the budget of a town (not to exceed 5% of the tax levy for the preceding year), to provide a funding source for “extraordinary and unforeseen” expenditures.  
  • STABILIZATION FUND – An account from which funds may be appropriated for any lawful purpose.  Towns may appropriate into the fund in any year an amount not to exceed 10 per cent of the prior years tax levy, or a larger amount with the approval of the emergency finance board.  A two-thirds vote of the town meeting is required to appropriate money from the stabilization account.

Previous meetings:

  • Tue, Apr 29, 2025 at 06:00 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Tue, Apr 15, 2025 at 06:00 PM -- 9 Jacksonville Road & Online
  • Tue, Apr 8, 2025 at 06:15 PM -- Highway Garage - 9 Jacksonville Road
  • Tue, Mar 25, 2025 at 06:00 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Tue, Mar 18, 2025 at 05:00 PM -- 18 Jacobs Road, Heath MA
  • Tue, Mar 11, 2025 at 06:15 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Tue, Feb 25, 2025 at 06:00 PM -- Highway Garage Meeting Room
  • Mon, Feb 24, 2025 at 06:00 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Mon, Feb 10, 2025 at 06:00 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Mon, Jan 27, 2025 at 06:00 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Show 76 More...
  • Wed, Jul 10, 2024 at 04:30 PM -- Colrain Town Office - 55 Main Rd, Colrain, MA 01340
  • Mon, Jul 1, 2024 at 04:15 PM -- Town Office - 55 Main Rd, Colrain, MA
  • Thu, May 16, 2024 at 05:45 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Wed, Mar 27, 2024 at 05:30 PM -- Town Office - 55 Main Rd, Colrain
  • Wed, Mar 6, 2024 at 05:00 PM -- Town Office - 55 Main Rd, Colrain
  • Tue, Feb 27, 2024 at 04:30 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Mon, Feb 26, 2024 at 05:00 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Mon, Feb 26, 2024 at 03:30 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Thu, Feb 15, 2024 at 05:00 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Tue, Feb 6, 2024 at 05:30 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Mon, Feb 5, 2024 at 05:30 PM -- Town Office - 55 Main Rd, Colrain, MA
  • Mon, Jan 29, 2024 at 05:30 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Tue, Jan 23, 2024 at 04:30 PM -- Colrain Town Office - 55 Main Rd, Colrain, MA 01340
  • Mon, Jan 22, 2024 at 05:30 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Thu, Dec 7, 2023 at 06:45 PM -- Colrain Central School, 22 Jacksonville Rd, Colrain, MA
  • Wed, Nov 8, 2023 at 04:30 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Tue, Aug 29, 2023 at 05:30 PM -- Highway Garage, 9 Jacksonville Rd, Colrain, MA
  • Fri, Jul 14, 2023 at 04:30 PM -- Colrain Highway Garage - 9 Jacksonville Rd. Colrain, MA 01340
  • Mon, May 22, 2023 at 04:00 PM -- Colrain Town Offices - 55 Main Rd.
  • Tue, Apr 18, 2023 at 04:00 PM -- Colrain Town Offices - 55 Main Rd.
  • Mon, Apr 10, 2023 at 04:00 PM -- Colrain Town Offices - 55 Main Rd.
  • Mon, Apr 3, 2023 at 04:00 PM -- Colrain Town Offices - 55 Main Rd.
  • Tue, Mar 21, 2023 at 04:00 PM -- Colrain Town Offices - 55 Main Rd.
  • Mon, Mar 20, 2023 at 04:00 PM -- Colrain Town Offices - 55 Main Rd.
  • Mon, Mar 6, 2023 at 04:00 PM -- Colrain Town Offices - 55 Main Rd.
  • Mon, Feb 13, 2023 at 04:00 PM -- Colrain Town Offices - 55 Main Rd.
  • Mon, Jan 30, 2023 at 04:30 PM -- Colrain Town Offices - 55 Main Rd.
  • Mon, Jan 23, 2023 at 04:30 PM -- Colrain Highway Garage - 9 Jacksonville Rd. Colrain, MA 01340
  • Tue, Jan 17, 2023 at 04:30 PM -- Colrain Highway Garage - 9 Jacksonville Rd. Colrain, MA 01340
  • Tue, Nov 15, 2022 at 05:15 PM -- Colrain Highway Garage - 9 Jacksonville Rd. Colrain, MA 01340
  • Tue, Nov 1, 2022 at 04:00 PM
  • Tue, Jul 12, 2022 at 04:00 PM -- Colrain Highway Garage - 9 Jacksonville Rd. Colrain, MA 01340
  • Tue, May 17, 2022 at 06:00 PM -- Colrain Central School, 22 Jacksonville Rd.
  • Tue, May 3, 2022 at 04:00 PM -- Colrain Highway Garage - 9 Jacksonville Rd. Colrain, MA 01340
  • Tue, Apr 26, 2022 at 04:30 PM -- Colrain Highway Garage - 9 Jacksonville Rd. Colrain, MA 01340
  • Tue, Mar 22, 2022 at 03:30 PM -- Colrain Town Offices - 55 Main Rd.
  • Tue, Mar 15, 2022 at 04:00 PM -- Colrain Highway Garage - 9 Jacksonville Rd. Colrain, MA 01340
  • Tue, Mar 1, 2022 at 04:00 PM -- Colrain Highway Garage - 9 Jacksonville Rd. Colrain, MA 01340
  • Tue, Feb 15, 2022 at 04:00 PM -- Colrain Highway Garage - 9 Jacksonville Rd. Colrain, MA 01340
  • Tue, Jan 18, 2022 at 04:00 PM -- Colrain Highway Garage - 9 Jacksonville Rd. Colrain, MA 01340
  • Thu, Oct 14, 2021 at 05:00 PM -- Colrain Town Offices - 55 Main Rd.
  • Mon, Jul 12, 2021 at 04:30 PM -- Colrain Town Offices - 55 Main Rd.
  • Wed, May 19, 2021 at 05:00 PM -- Colrain Town Offices - 55 Main Rd. - Meeting to be held outdoors
  • Tue, Sep 1, 2020 at 05:00 PM -- Colrain Town Offices - 55 Main Rd.
  • Wed, Jul 15, 2020 at 05:00 PM -- Colrain Town Offices - 55 Main Rd.
  • Mon, Jul 13, 2020 at 05:00 PM -- Colrain Town Offices - 55 Main Rd.
  • Tue, Jun 2, 2020 at 06:30 PM -- Colrain Town Offices - 55 Main Rd.
  • Tue, Apr 28, 2020 at 04:00 PM -- Colrain Town Offices - 55 Main Rd.
  • Tue, Mar 31, 2020 at 06:30 PM -- Attention: This meeting will be held remotely. The dial in number is: 1-425-436-6376. access Code is: 300430 followed by #
  • Tue, Mar 17, 2020 at 06:30 PM -- Colrain Town Offices - 55 Main Rd.
  • Tue, Feb 25, 2020 at 06:30 PM -- Colrain Town Offices - 55 Main Rd.
  • Tue, Feb 11, 2020 at 06:30 PM -- Colrain Town Office - 55 Main Rd.
  • Tue, Jan 28, 2020 at 06:30 PM -- Colrain Highway Garage - 9 Jacksonville Rd.
  • Tue, Jan 14, 2020 at 06:30 PM -- Colrain Town Offices - 55 Main Rd.
  • Mon, Nov 4, 2019 at 06:00 PM -- Colrain Town Offices - 55 Main Rd.
  • Mon, Sep 9, 2019 at 05:30 PM -- Colrain Town Office - 55 Main Rd.
  • Tue, Jul 2, 2019 at 05:30 PM -- Colrain Town Offices - 55 Main Rd.
  • Tue, Apr 23, 2019 at 06:30 PM -- Town Offices - 55 Main Rd.
  • Tue, Mar 12, 2019 at 06:30 PM -- Town Offices, 55 Main Rd.
  • Tue, Feb 19, 2019 at 06:30 PM -- Town Offices 55 Main Rd., Colrain
  • Tue, Feb 5, 2019 at 06:30 PM -- Town Offices 55 main Rd.
  • Tue, Jan 22, 2019 at 06:30 PM -- Town Office
  • Tue, Jan 8, 2019 at 06:30 PM -- Colrain Town Offices - 55 Main Rd.
  • Fri, Jul 13, 2018 at 06:30 PM -- Colrain Elementary School, 22 Jacksonville Rd, Colrain, MA 01340, USA
  • Tue, Apr 3, 2018 at 01:00 PM
  • Tue, Apr 3, 2018 at 05:30 PM
  • Mon, Jul 24, 2017 at 05:00 PM -- 55 Main Rd, Colrain, MA 01340, USA
  • Wed, Jun 7, 2017 at 05:00 PM -- 55 Main Rd, Colrain, MA 01340, USA
  • Tue, Jul 14, 2015 at 07:00 PM -- Colrain Town Office,55 Main Road, Colrain, MA, United States
  • Mon, Aug 4, 2014 at 06:30 PM -- Colrain Tax Collector, 55 Main Rd, Colrain, MA, United States
  • Mon, Jun 30, 2014 at 05:30 PM -- Colrain Town Office, 55 Main Road, Colrain, MA, United States
  • Wed, Jun 25, 2014 at 05:30 PM -- Colrain Town Office, Main Road, Colrain, MA, United States
  • Tue, Apr 8, 2014 at 06:30 PM -- Colrain Town Office, 55 Main Road, Colrain, MA, United States
  • Mon, Jun 3, 2013 at 06:00 PM -- Town Office, 55 Main Road
  • Mon, Apr 22, 2013 at 06:00 PM
  • Mon, Jan 14, 2013 at 06:30 PM -- Colrain Town Office,55 Main Road,Colrain MA 01340

Finance Committee Meetings

Name Uploaded Date
   Finance Committee 2023-11-08 Agenda.pdf (View on Calendar) 2023-10-25 11:09:46
   Finance Committee 2023-08-29 Agenda.pdf (View on Calendar) 2023-08-24 10:09:51
   Finance Committee 2022-05-31 Agenda.pdf (View on Calendar) 2022-05-23 11:45:28
   Finance Committee 2020-06-02 Minutes.docx 2020-06-09 11:59:32
   Finance Committee 2020-04-28 Minutes.pdf 2020-06-10 15:17:26
   Finance Committee 2020-02-25 Minutes.pdf 2020-06-10 15:16:57
   Finance Committee 2019-04-09 Minutes.docx 2019-04-28 19:35:44
   Finance Committee 2019-03-26 Minutes.docx 2019-04-28 19:34:06
   Finance Committee 2019-03-12 Minutes.docx (View on Calendar) 2019-04-28 19:24:52
   Finance Committee 2019-02-19 Minutes.docx (View on Calendar) 2019-03-16 15:28:25
   Finance Committee 2019-02-05 Minutes.docx (View on Calendar) 2019-03-16 15:27:31
   Finance Committee 2019-01-22 Minutes.docx (View on Calendar) 2019-03-16 15:26:08
   Finance Committee 2019-01-08 Minutes.docx 2019-01-13 14:23:47
Town of Colrain
55 Main Road
Colrain, MA 01340
413-624-3454
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