[Adopted 11-18-2019 FYTM, Art. 8]
[1]
Editor's Note: Former Art. X, New Elementary School Building Committee, adopted 5-9-1988 ATM, Art. 91, as amended, was repealed 5-3-1999 ATM, Art. 17. Prior to this, Art. X, Elementary School Committee, adopted 5-12-1986 ATM, Art. 28, as amended, had been repealed 5-13-1991 ATM, Art. 33.
A. 
There shall be an Audit Committee consisting of five members, two to be appointed by the Select Board, two to be appointed by the Finance Committee, and one to be appointed by the Moderator. No member of the Audit Committee shall be a compensated Town employee, other than a person holding a position designated by the Select Board as a "special municipal employee" for purposes of the Conflict of Interest Law. Notwithstanding the provisions of § 12-1 of the General Bylaws, a Finance Committee member may serve as a member of the Audit Committee. The appointing authorities shall seek to appoint persons to the Audit Committee with professional experience in accounting, finance, law, or business management. The Town Administrator and the Finance Director shall serve as ex officio, nonvoting members of the Committee, and shall not count toward the quorum.
B. 
Appointments to the Audit Committee shall be for three-year rotating terms, with initial appointments as follows: the Select Board and the Finance Committee shall each appoint one person for terms to end on June 30, 2020, and one person for terms to end on June 30, 2021; the Moderator shall appoint one person for a term to end June 30, 2022.
A. 
The Audit Committee shall solicit, interview, and recommend to the Chief Procurement Officer a firm or firms of independent auditor(s) that the Audit Committee has determined are best qualified to provide audit services and report on the financial statements issued by the Town. The Audit Committee shall review the audit plan with the independent auditor(s) and, upon completion of the audit, meet with the independent auditor(s) to review the results of the audit, including the annual financial reports, management letters and similar communications, the Town's response, and recommendation for any corrective actions. The Audit Committee shall, following receipt, transmit a copy of the completed audit, including management letters and related communications, to the Finance Committee and the Board of Selectman by the end of the calendar year within the Fiscal Year covered by the audit.
B. 
Notwithstanding the duties listed in this section, the recommendations of the Audit Committee will not replace, constrain, nor infringe upon the duties of the Chief Procurement Officer as prescribed under the provisions of the Town of Brewster General Bylaw.