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Finance Committee

Overview


The Finance Committee serves as an advisory committee of the Board of Trustees concerning Town finances, budget and financial reporting. It consists of seven members: Town Controller, Town Manager, two trustees and three residents. The Town Manager and Controller shall serve ex officio, while the trustees and residents shall be appointed to a two-year term, April of even years. 

The committee’s goals include:
  1. Review the Town's annual draft budget to obtain an understanding of the Town's financial position as well as budgeting priorities and initiatives determined by the Town Board and provide feedback on inconsistencies or irregularities to the Town Board.
  2. Review financial policies developed and drafted by the Town Finance staff and provide comments and recommendations regarding such draft financial policies to the Town Board.
  3. Periodically review, but no less frequently than as recommended by the State Auditor's Office, the need for rotation of the Town's independent auditor.
  4. Interview selected qualified firms being considered to serve as the Town's auditor. Make recommendation of auditor for Town Board consideration and approval.
  5. Review the Town's draft annual audit, monitor the Town's established internal controls related to accounting procedures and functions, and provide recommendations regarding responses to Town auditor's management letter. Provide recommendation to Town Board to accept the Town's audited year-end financial statements.
  6. Other duties as specifically identified and requested by the Town Board


Meetings
  • Monthly, second Wednesday, 5:30 p.m.

Agendas & Minutes
Agendas are available prior to the meetings. Minutes are available following approval.
Most Recent Agenda | View Archived Agendas

Members