How was the Budget Committee formed?

The Budget Advisory Committee was formed as a result of a warrant article passed on March 5, 1974. The wording of the article is as follows:

That a committee of nine be appointed annually by the moderator, prior to October 1, for a one-year term to be known as the Town Budget Committee, whose duty it shall be to bring recommendations before the Town Meeting on all items of the budget, warrant articles and other matters concerning the Town, and present their findings in a printed report at least four days before the day of the Town Meeting; said Committee to be available throughout the year for consultation and advice; said Committee to serve without compensation; and said Committee to meet jointly with the School Budget Committee at least once prior to printing their reports to discuss items of mutual interest"