The Board of Finance for the Town of Branford, established
under section 11 of the Town Charter
click here for details, consists of six electors of the
town, with no more than three members from the same
political party. The First Selectman of the town is an
member of said Board, and votes only in the case of a tie.
The Board chooses one of its members to be Chairman, with
the Town Clerk serving as Clerk of the Board and keeping a
record of all meetings and votes. The Board’s regular
meetings are on the last Monday of the month. Special
meetings may be called by either the Chairman of the Board
or upon written request of any two members.
Following the annual budget meetings and public hearings of
both the Board and the legislative RTM, the Board sets the
tax rate in accordance with Section 2f4 of the Charter.
The Board of Finance has charge of the town’s investments
and controls all sinking funds, amortization funds, deposit
funds and all other trust funds which shall have been placed
in the hands of the Town of Branford for a special purpose.
Through the Finance Director, the Board keeps all necessary
books and records and reports on the condition of the Town’s
financial status in the Town’s annual report.
The Finance department is under the direction of the town’s
Finance Director who, in addition to keeping the Boards
records and advising the Board as to its investments, also
conducts the town’s financial business, including
purchasing, accounts payable, and bookkeeping. The Director
also reviews, analyses and reports on the Town’s financial
performance, contracts for annual independent audit, and
oversees the inventory and management of the Town’s assets.