The fiscal year of the Town shall begin on the first day of
July and end on the 30th day of June.
All those funds established under Section 402(J)(1) of this
Charter and any other non-budgeted funds shall be under the oversight
of the Board of Finance; which may establish policies and procedures
for their use. All expenditures are subject to Section 704 of this
Charter.
The Board of Finance shall appoint an independent certified
public accountant or a firm of independent certified public accountants
to conduct an annual audit of the accounts of the Town, and shall
file said accountant's name with the Secretary of the Office of Policy
and Management. The audit shall be conducted in accordance with the
General Statutes. The Board of Finance will solicit proposals for
these auditing services at least every three years.