The Board of Finance shall meet within 14 days after taking office per Section 2.2.3 for organizational purposes. The Board shall elect from its membership a Chair, Vice-Chair and a Secretary. A regular meeting schedule and a procedure for calling special meetings shall be established. The Board of Finance shall determine their own rules and procedures in accordance with applicable provisions of the C.G.S. and Roberts Rules of order, as amended, for meetings.
Four members of the Board of Finance shall constitute a quorum.
Three members voting in the affirmative shall be required to transact
business except to adjourn or set a meeting date and time. Minutes
of all meetings shall be recorded and filed in accordance with Section
1-210 of the C.G.S.
The Board of Finance shall have those powers and duties expressly
provided by this Charter and those provided in the Connecticut General
Statute not in conflict with this Charter.
The members of the Board of Finance shall serve without compensation.
Preauthorization by the Chairperson for reasonable expenses incurred
by a member in the performance of their official duties may be reimbursed
from an appropriation authorized for that purpose, subject to the
approval of the Chief Executive Officer.
No member of the Board of Finance shall hold any other office
of the Town Government, elected or appointed.
The Board of Finance annually shall designate an independent
public accountant or a firm of independent public accountants to audit
the books and accounts of the Town. Any recommendations made by the
auditor for the improvement of the Town's system of internal
accounting controls and/or record keeping shall not become effective
until reviewed with the Treasurer, Finance Director and Town Manager
and approved by the Board of Selectmen.
The Treasurer's office shall receive all monies belonging to the Town and disburse monies on the order of the proper authority. The Treasurer or his/her assistant shall keep accurate records required by the C.G.S. The Town Treasurer shall advise the Chief Executive Officer, Finance Director and the Board of Selectmen of any accounting and other financial procedures for incorporation in the policies and guidelines established. He/she shall have the powers and duties provided in this Charter, as well as the C.G.S. The Treasurer shall execute any financing provisions required and authorized in the approval of any appropriation provided in Sections 6.6, 6.8, and 6.9, 6.12.
