Old Town Hall Parking lot will be closed Friday, August 19th and Tuesday, August 23rd for paving. Please use the entrance for the Fairfield Museum - 370 Beach Road - and utilize parking at Sullivan Independence Hall. 


About the Board of Finance (BOF)

Term Length:
# of Members:
Appointing Body:
Party Balance Required?:
Defined In:

Six Years (no limit)
Yes, No More than 6 of the Same Political Party
Town Charter - Article VIII

The Board of Finance conducts public hearings on the budget and gives a budget recommendation for the RTM’s approval each year.
Duties include:

  • Conducting budget hearings and recommending a budget each year for Representative Town Meeting approval.
  • Recommending or rejecting itemized estimates of town expenditures for the next financial year.
  • Considering cost estimates and other matters brought to its attention and preparing them for publication in a public forum.
  • Submitting estimates with recommendations to the annual town meeting. These meetings will take action on these estimates and recommendations and make specific appropriations they view as advisable without exceeding the Board of Finance estimate or using the appropriation for a purpose not recommended by the Board of Finance
  • After the Board of Assessment Appeals finishes its duties and the Grand List has been completed, the BOF will meet and with due provisions for estimated uncollectible taxes, abatements and corrections, establish a tax on such list as shall be sufficient (along with other sources of surplus or revenue) to not only pay the expenses of the town for the current year but also to absorb the revenue deficit of the town, if there is any, at the beginning of such current year
  • Prescribing a method by which and a place where records and books of accounts of the town, or of any department of subdivision thereof, shall be kept.
  • May transfer unexpended balances from one appropriation to another, but no amount appropriated for any purpose, whether general or special, shall be used or appropriated for any other purpose without Board of Finance approval.
  • No expenditures or transfer shall be made from the contingent fund until such expenditure or transfer has Board of Finance approval.
  • Conducting monthly meetings and quarterly budget review meetings
  • Appointing annual independent auditors.
  • Preparing a comprehensive annual financial report for the fiscal year.