Audit & Finance Committee

Meetings

  • Second Tuesday of every other month at 2:00 p.m.
  • Main House, 150 Watkins Avenue

Agendas & Minutes

Agendas are available prior to the meetings.
Most Recent Agenda | View Archive of All Agendas

Minutes are available following approval.
Most Recent Approved Minutes | View Archive of All Approved Minutes

Members

The current members of the Audit / Finance Committee are:


Bob Polito 
Term: 10/2020 - 6/2022

Devika Patil
Term: 6/2021 - 6/2025

Kate Scolnick
Term: 6/2020 - 6/2024


Walter Sleeth, Vice Chair
Term: 6/2020 - 6/2023

Ann Yvonne Walker, Chair
Term: 6/2021 - 6/2025

City Council Liaisons:
Elizabeth Lewis, Mayor

Duties

The Audit / Finance Committee has the following powers and duties:

  • Act in an advisory capacity and make recommendations to the City Council upon request in all matters pertaining to town finances
  • Consult with the city manager on matters pertaining to the budget, capital spending plan, and the long range financial plan for the town
  • Act in an advisory capacity and make recommendations to the City Council upon request in all matters pertaining to the town’s annual audit
  • Provide oversight of the annual audit and present and explain the audit to the City Council with recommendations as to acceptance
  • Advise City Council regarding appointment of outside auditors for annual audit
  • Review proposed audit scope with outside auditors prior to commencement of annual audit

Membership and Terms

Five members are appointed by and serve at the pleasure of the City Council. Members must be residents of the Town and generally serve terms of two years. No person shall be appointed to the Committee for more than two full consecutive terms. No compensation is awarded to members for their services.

The Committee shall annually select one of its members to act as a Chair and another to act as Vice Chair. The Finance Director shall act as secretary to the Committee. The Mayor and Vice Mayor serve as City Council liaisons to the Committee.