Board of Finance
3rd Wednesday of each month
Town Hall Conference Room
Preston, CT 06365
2018 Capital Projects Plan Information
Agendas & Minutes
Agendas are available prior to the meetings. Minutes are available following approval.
- Gerald Grabarek, Vice Chair (D)
Term: November 17, 2015 to November 16, 2021
- Stacey Becker, Clerk (R)
Term: November 21, 2017 to November 17, 2023
- Sandra Allyn-Gauthier (D)
Term: July 12, 2018 to November 19, 2019
- Keith Wucik (R)
Term: November 7, 2017 to November 19, 2019
- Kenneth L. Zachem (R)
Term: November 19, 2013 to November 19, 2019
- Ian Stammel (D)
- Term: July 5, 2019 to November 19, 2019
- Lennie Spencer (R)
Term: November 21, 2017 to November 19, 2019
The Board of Finance is made up of six members who are elected for a six-year term. The Board also has two alternate members are elected for a two-year term. Two members and two alternates are elected every two years in municipal elections. Tasks of the Board of Finance includes:
- Preparing the Town Budget
- Setting the property tax rate
- Approving special appropriations and transfer between appropriations
- Determining the method and extent of financial record keeping
- Arranging for the annual audit of the Town accounts
- Publishing the annual Town Report
The primary responsibility of the Board is to make an annual budget recommendation to the legislative body. To do this, the Board receives budget estimates of income and expenses from the Board of Selectmen and the Board of Education, who then compile a balanced budget and presents it to the legislative body at a town meeting.
In addition, the Board is responsible for the Town's accounting system, preparing the annual town report, and providing the annual financial audit.
After a budget is approved, the Board of Finance can approve additional appropriation up to $20,000.00 Appropriation of more than $20,000.00 requires town meeting approval; more than $100,000.00 also requires approval by referendum.