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<br />FINCOM-Regular Session <br />August 13,2026 <br /> <br />professional. She stated that she is interested in continuing to serve the community and <br />would like to use some of her free time to support the Town. She noted that her experience <br />has given her an understanding of the Capital Improvement Program, revolving funds, and <br />other municipal financial matters. <br />Jeffrey Pettengill provided an overview of the Finance Committee, explaining that the <br />committee is advisory and reviews budgets, asks questions, makes recommendations, <br />and publishes the semiannual Town Book. He noted that the committee's workload <br />increases during the January through March budget season and that it is currently <br />preparing for the October Town Meeting. <br />Greg McKelvey asked Bradbury whether she could remain impartial given her previous <br />involvement with the Recreation Department. Bradbury stated that she would be fair to all <br />departments and would recuse herself if a matter created a conflict or the appearance of <br />one. <br />Motion made by Greg McKelvey to recommend Mary Bradbury for the vacant FINCOM <br />position. <br />Motion seconded by Stephen Kelley <br />Roll Call Vote- 5-0 <br />Jeffrey Pettengill-yes; Greg McKelvey-yes; Keith Machado-yes; Anne Schnader-yes; <br />Stephen Kelley-yes <br />Motion Passed <br />2. Town Manager updates <br />The Town Manager addressed questions regarding the proposed warrant articles involving <br />the Community Preservation Act (CPA) surcharge and the Wastewater and Infrastructure <br />Investment Fund (WIIF). It was explained that the Select Board had requested a <br />placeholder for the article as part of the standard warrant process. The proposed WIIF <br />increase would generate approximately $600,000 to $700,000 annually, with the amount <br />increasing as the tax levy increases. The Town Manager cautioned that the two articles <br />could not be legally combined without special legislation and that the outcome of one <br />article could affect the overall percentage of the other. The WIIF balance was reported at <br />approximately $1.8 million, with approximately $1.2 million received annually and used <br />3 <br /> <br /> <br />