[Adopted 10-24-2000 by Ord. No. 701; 4-9-2001 by Ord. No.
711; 6-10-2003 by Ord. No. 734 (Secs. 2-131 to 2-133
of the 1993 Code)]
It is the intent of the Town to establish a
finance board to advise the Town Council and the Town Manager on finance
matters for which assistance is requested.
There shall be a Finance Advisory Board consisting
of five members to be appointed by the Town Council. Appointments
shall be for three-year terms. At the time of readoption of this section,
one member shall be appointed for a term of three years and two members
shall be appointed for a term of two years; all terms to expire March
31 of the appropriate year. Said Board members shall continue to hold
their respective offices until their successors are qualified. Members
of said Finance Advisory Board shall serve without pay. The Town Manager
shall be an ex officio nonvoting member of the Board.
The duties of the Finance Board shall be limited
to advising the Town Council and/or Town Manager on issues for which
an opinion has been requested, such as:
