For the efficient administration of the governmental affairs
of the Village of Fox Point, the following committees are hereby established:
B. Administration Committee.
All matters, unless otherwise ordered by a vote of the majority
of the Village Board, may be assigned by the Village President to
one of the above committees, and each committee shall thereafter report
on all such matters so assigned to it to the Board at a regular or
special meeting of the Board. Any matter may be taken up prior to
the report of a committee upon the affirmative vote so to do of a
majority of the Board of Trustees.
The Village President shall, at the first meeting of the Board
after the regular annual election, assign to the Finance Committee
and Administration Committee such members of the Board as he shall
deem advisable, but in no event fewer than three. The Village President
shall, at the first meeting of the Board after the regular annual
election, assign to the Audit Committee, whose duties shall be to
make recommendations to the Village Board to assist the Board in the
management and control of the Village finances, at least three members
of the Board of Trustees and at least two adult residents of the Village
of Fox Point whose training, occupation, or experience will facilitate
review of the Village's external audits and financial statements,
consultation with the external auditor, and review of any other issues
regarding accounting principles and practices.