Financial Management Policies

The Town of Hubbardston is committed to safeguarding public funds, protecting local assets, and complying with financial standards and regulations. To that end, this manual of financial policies provides guidance for local planning and decision making. The policies as a whole are intended to outline objectives, provide direction, and define authority to help ensure sound fiscal stewardship and management practices. Each should be periodically reviewed by the Select Board, Town Administrator, Finance Committee, Finance Team and departments for updating as necessary.

Introduction

Financial Planning

Capital Planning

Community Preservation Act

Debt Affordability

Debt Management

Financial Reserves 

Forecasting

Financial Management Operations

Antifraud

Disbursements

Financial Management Team

Grant Management

Overlay

Procurement Conflict of Interest

Reconcilliations

Revenue Turnover

Spending in Excess of Appropriation

Tax Enforcement

Tax Recapitulation

Travel Reimbursement

Year-End Closing