Policies, policies and policies:

Under M.G.L. c. 44, §33B, a board of selectmen (with the finance committee’s agreement) or a city council may approve the transfer of appropriations between line items during the last two months of the fiscal year or the first 15 days of the ensuing fiscal year, provided that the appropriations are not taken from the school department or municipal light plant.

So, reading this, before the finance (Advisory) Committee may consider an end of year financial transfer, the board of selectmen must vote to do so and sign off on the paper work. The law does not indicate substituting say a Town Administrator for the selectmen.