Committee Structure/Term:  The Finance Committee is comprised of nine members who are appointed by the Chairman Of The Finance Committee, Chairman of The Board Of Selectmen and Town Moderator. A paid secretary records meeting minutes and assembles the Finance Committee Report, Recommendations and Copy of the Warrant for each town meeting. An elected Chairman, Vice-Chairman and Clerk lead the Committee. Committee members serve three-year terms. If the three-year appointment is not fulfilled, the term of the replacement is for the remainder of the original appointee’s term. Members are sworn in by the Town Clerk. Members may serve more than one term, if re-appointed.

Definition, Scope and Authority: The Finance Committee acts as an independent advisory board to all Tewksbury citizens, primarily through its role at Town Meeting. The Finance Committee is responsible for making recommendations on all financial matters, including the budget, to town meeting. The Committee also has oversight responsibility for all municipal financial matters, and may consider any matter that they feel will have a fiscal impact on the town. The town bylaws define the composition and responsibility of the Committee. The financial provisions of the Charter further define roles and responsibilities of town officials and employees.