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Budget & Finance Committee (B&F)

South Bethany Budget & Finance Committee Logo

Budget & Finance Committee (B & F)
Chairperson: Chris Keefe
sbcykeefe@gmail.com

 


Mission & Purpose

The purpose of the Budget & Finance Committee (B&F) is to provide assistance and guidance to the Town staff and Council in the development , drafting and review of the Town’s annual budget; provide recommendations to the Town Council on financial issues, processes, and policies; and to forecast and plan for the long-term fiscal health of the Town.

Scope of Work:
✓Review year-to-date financial performace on a monthly basis.
✓Provide assistance and guidance to the Town staff, as needed, during the Annual Budget drafting process, including forecasting anticipated revenue and expenses.
✓Review, make suggestions, and recommend for Council’s approval the annual budget.
✓Review and make recommendations to Council on budget amendments.
✓Annually review the Schedule of Fees and recommend changes to Town Council, as needed.
✓Make recommendations to Council relative to long-term financial goals.
✓Oversee and recommend fund reserve policies and levels relative to the Town’s needs.
✓Review the Town’s annual financial statements and the external auditors’ reports.

 

The committee is to be made up of at least one Council Member, the Town Manager and the Finance Director (ad hoc members), and no more than eight South Bethany property owners. Currently the committee members include:

  • Chris Keefe
  • Don Boteler
  • Linda Bowers
  • Joe Mormando
  • Tim Saxton
  • Maureen Hartman, Town Manager
  • Renee McDorman, Finance Director

Budgets:


Audits:


Upcoming Meetings:

No events

Past Meetings: