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APPROPRIATION COMMITTEE-2018 ATM This division of labor among the two financial committees has generally worked very well and, particu- larly in these times of major capital needs occasioned by significant school population growth and the need to replace or retrofit aging facilities, the work of the Capital Expenditures Committee has become increasingly important. Several years ago, in recognition of the growing demands on the Capital Expenditures Committee, its en- abling bylaw was modified to increase its size from five to as many as seven members, the exact number to be determined by the Moderator. The current article now seeks to further amend the Town's General Bylaws to reflect more accurately existing practices and to clarify that the Capital Expenditures Commit- tee will have the same basic resources at its disposal as the Appropriation Committee to accomplish its important mission. Specifically,the proposed update of the General Bylaws would: • Clearly state the mission of the Capital Expenditures Committee to consider and make recom- mendations on Town capital matters, including capital policy and projects proposed to be funded by the Community Preservation Act, at any Town Meeting and throughout the budget cycle; • Specify that the Capital Expenditures Committee shall have the same prerogatives as the Appro- priation Committee to makes rules, interview or invite Town employees or other persons to attend its meetings, and have access to Town records; • Require a report(written or verbal) of the Capital Expenditures Committee, as well as the Appro- priation committee before a Town Meeting vote is taken on capital-related motions; and • Allow the Capital Expenditures Committee to weigh in on broader financial questions, such as those which come up at periodic "budget summits" with the Board of Selectmen, School Com- mittee and Appropriation Committee, when invited to do so. This Committee believes the proposed bylaw changes are well-crafted to accomplish these goals and that the proposed update is appropriate to bring the bylaws into conformity with existing practice. The article is broad enough to allow amendment of the bylaws governing the Appropriation Committee as well, but no such changes are believed to be necessary at this time. The Committee recommends approval of this request(9-0). Article 35: Resolution To Request Warrant Articles to be Accompanied by Financial Projections (citizen article) Funds Requested Funding Source Committee Recommendation none IP The Committee anticipates that the motion will be for indefinite postponement. 53