Finance Committee
Meets quarterly, dates and times to be determined.
The Committee shall conduct reviews and make recommendations to the Board of Trustees in all matters concerning the Town's budget, long-range financial plan, investments, and other financial management needs as requested.
We have an opening! You can help your community by serving as a member of the Finance Committee; if you want to serve, complete and return the membership application to the Town Clerk's Office.
The Committee shall be advisory only and shall have the following powers and duties, including but not limited to:
- To review and make recommendations to the Board on the annual budget.
- To review and make recommendations regarding the annual auditor’s report.
- To review and make recommendations on the Town’s long-range financial planning to ensure a sustainable annual budget and to address the capital needs of the Town.
- To review and monitor the Town’s cash management;
- To review and monitor the Town’s investment results;
- To develop and recommend Town investment policies; and
- To assist in the selection of investment facilitators and managers.
The Committee shall consist of five (5) members, two of which will be the Town Manager and the Town Treasurer. The three additional members shall comprise two financial professionals and one person with significant business management experience.
No member of the Committee shall have a conflict of interest with the duties of the Committee or the investment policy of the Town.
