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1. What is Discretionary Funding? Discretionary funding is a duly appropriated sum of money in the Towns expense budget allocated to an eligible notforprofit organization by the Select board and approved
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Discretionary refers to the ability to make decisions based on one's own judgment rather than being compelled by external rules or laws.
Individuals or entities that have transactions or assets that fall under discretionary guidelines are typically required to file.
Filling out discretionary forms usually involves providing detailed information about your financial situation and transactions that fall under discretion.
The purpose is to provide the necessary information for regulatory compliance or for internal review of discretionary transactions.
Information such as the nature of the transactions, values, and parties involved must be reported.
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