The Finance Committee establishes a budget guideline prior to November 30th each year. Before Annual and Special Town Meetings, it also conducts public hearings on the finance-related warrant articles. The committee produces an annual report and other reports as necessary, thus publishing its recommendations on all financial issues. In addition, the Finance Committee manages the Town's appropriated Reserve Fund, and it can vote to disburse money from this fund when unforeseen and extraordinary events occur. The Finance Committee is made up of 15 members who are appointed by the Town Moderator. At each annual Town Meeting, five members are selected for three-year terms.