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The center also highlighted some of the town"s strengths, including a strong finance staff with a mix of employees with extensive knowledge and experience in Wayland and workers who bring fresh ideas. The report says the town has already reintroduced some prior good practices and taken some new steps, including conducting performance reviews and regular finance-related department head meetings and working to improve information technology, procurement and other services. Balmer said town workers will dig into the report and its recommendations. The town "has many strengths related to its finances, culminating in its AAA bond rating, a distinction held by only about 15 percent of the commonwealth"s 351 municipalities," the report said. But Wayland also has challenges, including no clear chain of command or a person with sufficient authority "to truly manage the overall financial operations of the town," the report said. Balmer said this decentralized structure is how towns were traditionally run. But she said she expects officials will assess whether to make changes. Balmer said the town, through the state"s Community Compact initiative, hopes to study the management and financial structure as well as big picture policies on topics such as debt and free cash. The report is posted on the town website, www.wayland.ma.us, as part of documents related to the Board of Selectmen"s Nov. 21 meeting.
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