Finance Committee
FOCUS
To assist the Town Manager and Commissioners in areas of town budget and finance planning and oversight, coordinating with related committees and town staff. This committee will also recommend and implement investment decisions, consistent with the Investment Policy approved by the Commissioners, including reviewing the investment report prepared by the Investment Manager and providing a quarterly update to the Commissioners and the Town Manager. The Finance Committee will review the Investment Policy annually and recommend changes to the Commissioners for approval. Lastly, the committee will assist the town to provide maximum return on their cash management of their everyday accounts by competitive rate analysis of FDIC insured or/and collateralized saving/checking accounts.
OBJECTIVES
- To assist the Town Manager to develop and recommend to the Town Commissioners a fiscal year budget for Town operations in accordance with time requirements of Section 22 of the Town Charter
- Regularly monitor performance versus budget, providing early warnings of potential town budget concerns to the Town Manager and Council.
- Assist the Town Manager and Finance Staff to review and develop recommendations regarding budget set-asides that have historically been built into the annual budget.
4. Help define and recommend new revenue sources and cost savings/efficiencies that will help the town succeed in the near- and long-term.
MEMBERS
Iris Curtis (Chairperson)
Bernie Krauss (Secretary)
Michael Schaeffer
Suzanne Evans
Eric Nelson
Manny Bramao
John Gephart
Mark Mayer
Dominic Prestipino
James Przygocki
Vincent Susi
COMMISSIONER LIAISONS
Elisabeth Gibbings
Paul Bauer