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Spend Valentine's Day Discussing Northborough's Financial Trends

A special meeting is being held on Thursday, Feb. 14.

Nevermind Valentine's Day. Many call it a "stupid Hallmark holiday" anyway.

Instead, the town's administration is inviting interested residents to attend a special meeting to discuss the results of Northborough's Financial Trend Monitoring System report. The meeting takes place on Thursday, Feb. 14, at 7 p.m. at the Northborough Free Library. 

The financial team has been working on this since summer, and it is a primary goal of FY2013.

The FTMS report, as Town Administrator John Coderre explaine in a memo to the Board of Selectmen, School Committee, Appropriations Committee and Finanicial Committee, "consists of a series of fiscal indicators designed to assess the town's financial condition and is a direct result of our Government Finance Officers Association Distinguished Budget Award approach of continous improvement."

The monitoring system helps towns get a better sense of their financial condition, identify hidden or emerging problems, present a picture of the financial strengths and weaknesses, reinforces the need for long-range considerations during the annual budget process and provides a starting place for setting, reviewing and updating financial policies.

The discussion will provide attendees a clearer sense of the town's financial direction, projections and the meaning behind the FTMS results.

You live here; you should know how you're doing.

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