Board of Finance

Regular Meetings

7:00 PM
3rd Wednesday of each month
Town Hall Conference Room
389 CT-2
Preston, CT 06365

Board of Finance 2020 Meeting Schedule

Budget Resources 

Preston’s Surplus Use From 2010-2017 Chart

Previous Audit Reports

Previous Annual Reports

Preston’s Overall Debt Services as of July 2018

Previous Grand Lists


2018 Capital Projects Plan Information

Agendas & Minutes

Agendas are available prior to the meetings. Minutes are available following approval.

View Most Recent Agendas and Minutes

Members

  • John Moulson, Chair (R)
    Term: November 5, 2019 to November 16, 2021
  • Robert Congdon,Vice Chair (R)
    Term: November 5, 2019 to November 17, 2023
  • Stacey Becker, Clerk (R)
    Term: November 21, 2017 to November 17, 2023
  • Denise Beale, (D)
    Term: November 19, 2019 to November 18, 2025
  • Andy Depta, (R)
    Term: November 19, 2019 to November 18, 2025
  • Zachary Maurice, (D)
    Term: January 15, 2020 to November 16, 2021

Alternates

  • Matthew Davis, (R)
    Term: November 19, 2019 to November 16, 2021
  • Vacancy
    Term: to November 16, 2021

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

Responsibilities

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.


Contact Us:

 financeboard@preston-ct.org