Boston Finance Commission
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Boston Finance Commission
The Boston Finance Commission (known as FinComm) is an agency that monitors finances for the city of Boston. It is concerned with appropriations, loans, expenditures An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs. For a tenant, rent is an expense. For students or parents, tuition is ..., accounts, and methods of administration affecting the city of Boston and Suffolk County (of which Boston is the county seat). Public meetings Public meetings of the FinComm are open to observers interested in municipal government. References *April 2008 http://www.cityofboston.gov/cable/video_library.asp?id=1050 * * * * * * * External links official websiteReportsof the Boston Finance Commission, via Hathi Trust. Organizations based in Boston Government of Boston {{US-poli-stub ...
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Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- most populous city in the country. The city boundaries encompass an area of about and a population of 675,647 as of 2020. It is the seat of Suffolk County (although the county government was disbanded on July 1, 1999). The city is the economic and cultural anchor of a substantially larger metropolitan area known as Greater Boston, a metropolitan statistical area (MSA) home to a census-estimated 4.8 million people in 2016 and ranking as the tenth-largest MSA in the country. A broader combined statistical area (CSA), generally corresponding to the commuting area and including Providence, Rhode Island, is home to approximately 8.2 million people, making it the sixth most populous in the United States. Boston is one of the oldest ...
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Appropriation (law)
In law and government, appropriation (from Latin ''appropriare'', "to make one's own", later "to set aside") is the act of setting apart something for its application to a particular usage, to the exclusion of all other uses. It typically refers to the legislative designation of money for particular uses, in the context of a budget or spending bill. Ecclesiastical law In ecclesiastical law, appropriation is the perpetual annexation of an ecclesiastical benefice to the use of some spiritual corporation, either aggregate or sole. In the Middle Ages in England the custom grew up of the monasteries reserving to their own use the greater part of the tithes of their appropriated benefices, leaving only a small portion to their vicars in the parishes. On the dissolution of the monasteries the rights to collect "great tithes" were often sold off, along with former monastic lands, to laymen; whose successors, known as "lay impropriators" or "lay rectors," still hold them, the system b ...
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Loans
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Act ...
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Cost
In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer. Usually, the price also includes a mark-up for profit over the cost of production. More generalized in the field of economics, cost is a metric that is totaling up as a result of a process or as a differential for the result of a decision. Hence cost is the metric used in the standard modeling paradigm applied to economic processes. Costs (pl.) are often further described based on their t ...
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Suffolk County, Massachusetts
Suffolk County is located in the Commonwealth of Massachusetts, in the United States. As of the 2020 census, the population was 797,936, making it the fourth-most populous county in Massachusetts. The county comprises the cities of Boston, Chelsea, Revere, and Winthrop. The traditional county seat is Boston, the state capital and the largest city in Massachusetts. The county government was abolished in 1999, and so Suffolk County today functions only as an administrative subdivision of state government and a set of communities grouped together for some statistical purposes. Suffolk County is located at the core of the Boston-Cambridge- Newton, MA- NH Metropolitan Statistical Area as well as the greater Boston-Worcester-Providence, MA- RI- NH- CT Combined Statistical Area. History The county was created by the Massachusetts General Court on May 10, 1643, when it was ordered "that the whole plantation within this jurisdiction be divided into four shires". Suffolk initially cont ...
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Organizations Based In Boston
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, includi ...
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