[Adopted 3-1-2016 by Ord.
No. 2016-1]
There shall be an advisory Finance Committee established in
and for the Township of Willingboro to be known and designated as
the "Willingboro Finance Committee" (hereinafter "Committee").
The purpose of the Committee shall be to meet with the Township
Manager and Finance Director on a quarterly basis to review the approved
budget year to date and make recommendations to Township Council and
to the Manager.
The members of the Willingboro Finance Committee shall be responsible
to assist Council and the Township in its compliance with, development
of and implementation of a fiscally sound and responsible Township
budget and shall perform related duties as required, including but
not limited to:
A.
Review the year to date budget with the Manager and Finance Director
quarterly.
B.
Review budgetary recommendations of the Manager and Finance Director.
C.
Provide advice and counsel regarding the actions, policies, and strategy
in concert with the Manager and Finance Director to improve the Township's
economies and efficiency.
D.
Recommend actions, policies, and strategy to the Council in concert
with the manager and finance director to improve the Township's
economies and efficiency.
E.
Submit an annual report to Council on the Committee's work and
progress.
F.
Meet quarterly and/or more often as needed to accomplish the goals
of the committee set forth and as requested by Council.
The Council will consider Township residents who have one or
more of the following qualifications for the Finance Committee:
A.
Possess general knowledge of the principles and practices of public
or private, corporate or non-profit budgetary practices, municipal,
state or local government, or accounting practices.
B.
Have the ability to establish and maintain effective working relationships
with the Manager, Finance Director and Council members.
C.
Possess knowledge of economics, accounting, finance or business.
D.
Express concern or an interest in the finance and budgetary practices
of the Township.
The Willingboro Finance Committee shall consist of five members,
including two members of Council to act as Council's liaison.
The Committee chair shall be appointed by the Council for a one-year
term.
The Willingboro Finance Committee members shall be appointed
by the Township Council for a one-year term and shall serve at the
pleasure of Township Council. Any vacancy shall be filled for the
unexpired term.
The Members of the Board of the Willingboro Finance Committee
will serve on a volunteer basis without salary from the Township of
Willingboro.
A member may be removed from the Committee for failing to attend
two consecutive regular meetings of the Committee, except for illness
or other justifiable reason.
The bylaws and requirements of the Committee may be expanded
by the Township Council as may be required to comply with State of
New Jersey Department of Community Affairs Division of Local Government
Services Best Practices.
