Selectmen are close to approving a set of fiscal policies that outline the get the town’s financial management goals in one document.

The policies detailed in the document, most of which are already in place, include the town’s four stabilization funds that account for unexpected expenditures and school-related peaks.

An addition to the guidelines is the credit rating protection policy, which explains the safe accounting practices and a commitment to maintain communication with bond agencies. With the policy, the town hopes to maintain its high credit rating with Standard & Poor’s.

The company now requires municipalities to provide reports in between rating periods, said Town Administrator Mike Gagne.

“Our policy will be, we will stay close in touch with them, give them updates on our various fiscal practices,” Gagne explained.

Selectmen will vote on the document at their next meeting.