Finance Committee

Agendas & Minutes

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

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Finance Committee Schedule 2023

About the Committee

The Nantucket Finance Committee is established by the town to make recommendations to annual or special town meeting on the articles presented in the warrant. The members are appointed by the Select Board for 3 year terms. The committee meets on an as-needed basis, and the meetings are posted on the town’s bulletin board. During the months of January up to the annual town meeting, the committee meets numerous times, often as frequently as 2 or 3 times a week. During the course of its meeting the committee hears from and asks questions of most Department Heads and town committees which are sponsors of, or interested in, the articles included in the town annual or any special meeting. Staff support is provided by town administration and the Finance Director. Members of the public are welcome to attend all meetings.

The Finance Committee was initially established by the Town By-laws in 1925. The duties are spelled out in the By-law section 11-4 and 5 as follows:

Sec. 11-4. Duties. [Amended 4-3-1984 ATM, Art. 24, approved 8-24-1984]

The duties of the Finance Committee shall be:

A. To thoroughly investigate all articles on the warrant of annual and special town meetings and to have its decision of recommendations or disapproval printed, after the article so investigated, on said warrant and said recommendations to appear in some medium of general circulation in Nantucket prior to the date of the town meeting at which such recommendations shall come before the town. [Amended 4-10-1989 ATM, Art. 82, approved 7-24-1989]

B. To investigate the expenditures of any moneys by the town officials and notify the Select Board in writing as to whether or not, in its opinion, the expenditure is or was justified.

C. To operate as the Capital Program Committee of the Town of Nantucket and have all rights and duties of such committee at any time such Capital Program Committee fails or neglects to act. The Finance Committee recommendations on town meeting articles shall be sufficient for fulfilling the reporting requirements of Secs. 11-9 and 11-11. [Added 4-10-1989 ATM, Art. 82, approved 7-24-1989]

Sec. 11-5. Extraordinary and unforeseen expenditures. [Added 4-10-1989 ATM, Art. 82, approved 7-24-1989]

The Finance Committee is authorized to approve requests for extraordinary or unforeseen expenditures of town departments, boards or commissions operating with an enterprise fund accounting system within the meaning of the General Laws of the Commonwealth of Massachusetts. These expenditures are to be effectuated by transfers from the town’s reserve fund, provided that any such department, board or commission benefiting from such a transfer is to reimburse the amount so transferred to the town’s general fund in the next fiscal year.

Under the Town Charter the Finance Committee also serves as the Nantucket County Review Committee and:

It shall be the duty and responsibility of the Nantucket County Review Committee

(a) to review every article applicable to county matters presented to any annual or special town meeting of the Town of Nantucket in accordance with Section 2.8 of this Charter and to provide to such town meeting the committee’s guidance and recommendations; and

(b) to approve every appropriation and transfer of money;

No appropriation of county funds nor transfer of money nor issuance of a grant pursuant to Article II shall be effective unless and until the same has been approved by the Nantucket County Review Committee or the denial of approval by the Nantucket County Review Committee has been overturned as provided in Section 2.8(c).

Members

Denice Kronau, Chair
Term Expires: 2026
E-mail

Joseph H. Wright
Term Expires: 2024
E-mail

Peter N. Schaeffer
Term Expires: 2024
E-mail

Jeremy Bloomer
Term Expires: 2024
E-mail 

Christopher Glowacki
Term Expires: 2025
Email

Jill Vieth
Term Expires: 2025
Email

Stephen Maury
Term Expires: 2025
Email 

Joanna Roche
Term Expires: 2026
E-mail

Rob Giacchetti
Term Expires: 2026
E-mail