The Finance Committee is a representative group of Townsend taxpayers that are appointed by the Town Moderator. The Finance Committee is comprised of 7 members in accordance with Massachusetts General Laws Chapter 39 Section 16 and the Town's bylaws. The Committee is the official financial watchdog of the town. As it is difficult for all taxpayers to be completely informed about every aspect of town finances, finance committees were established so a representative group of taxpayers could conduct a thorough review of municipal finance questions on behalf of all citizens. The primary duties of the committee are to advise and make recommendations at town meeting on budget and other areas of finance.