South Bethany

Budget & Finance Committee (B&F)

Mission & Purpose

The purpose of the Budget & Finance Committee (B&F) is to provide assistance and guidance to the Town Council, Town Manager and Finance Director leading to the drafting and review of the Town’s annual budget and the overall financial management processes. In addition, the B&F Committee provides the Town Council with assistance, guidance and recommendations, when requested, on financial issues and policies.

Scope of Work:
✓Provide assistance and guidance, as needed, to the Town Manager and staff in the consideration and review of the Town’s proposed annual budget.
✓Provide assistance, review, guidance, and recommendations to Town Council, as needed, on drafts of the proposed Annual Budget.
✓Annually review and make recommendations regarding Schedules of Fees and Fines.
✓As requested by the Treasurer, Town Manager or Finance Director, make recommendations regarding possible budget adjustments.
✓Conduct additional budget reviews, if needed and requested.
✓Review the Town’s annual financial statements and any external auditors’ reports thereon.
✓Make recommendations on the selection of external auditors, as requested by staff or Council.
✓Make recommendations for fund reserve policies and propose allocations relative to the Town’s needs.
✓Make recommendations to the Council regarding long-term financial goals.

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
• Russell Beland
• Don Boteler
• Steve Farrow
• Richard Juliano
• Nancy Loube
• Simon Moore
• Joe Mormando
• Tim Saxton
• Maureen Hartman, Town Manager
• Renee McDorman, Finance Director

Budgets:

• FY2027 Budget
• FY2026 Budget – Approved 4.11.25
     FY26 Capital Needs Plan

Audits:

• FY 2025 Audit

Upcoming Meetings:

Past Meetings:

• Budget & Finance Committee Meeting - 02/19/2026
• Budget & Finance Committee Meeting – CANCELLED - 02/05/2026
• Budget & Finance Committee Meeting - 01/21/2026
• Budget & Finance Committee Meeting - 01/12/2026
• Budget & Finance Committee Meeting - 12/05/2025
• Budget & Finance Committee Meeting - 10/20/2025
• Budget & Finance Committee Meeting – CANCELLED - 10/13/2025
• Budget & Finance Committee Meeting - 09/09/2025
• Budget & Finance Committee Meeting - 08/12/2025
• Budget & Finance Committee Meeting - 05/13/2025
• Budget & Finance Committee Meeting - 03/07/2025
• Budget and Finance Committee Meeting - 01/24/2025
• Budget & Finance Committee Meeting - 11/14/2024
• Budget & Finance Committee Meeting - 09/25/2024
• Budget & Finance Committee Meeting - 08/08/2024
• Budget & Finance Committee Meeting - 06/19/2024
• Budget & Finance Committee Meeting - 04/22/2024
• Long-Range Planning Group Meeting - 03/27/2024
• Long-Range Planning Group Meeting - 02/22/2024
• Budget & Finance Committee Meeting - 02/07/2024
• Budget & Finance Committee Meeting - 12/15/2023
• Town Council & Budget & Finance Committee Workshop - 11/17/2023
• Budget & Finance Committee Meeting - 10/05/2023
• Budget & Finance Committee Meeting - 09/13/2023
• Town Council & Budget & Finance Committee Workshop - 08/15/2023
• Budget & Finance Committee Meeting - 06/08/2023
• Budget & Finance Committee Meeting - 03/09/2023
• Budget & Finance Committee Meeting - 02/07/2023
• B&F Committee Meeting - 11/09/2022
• Budget & Finance Committee Meeting - 10/10/2022
• Budget & Finance Committee Meeting - 09/06/2022
• Budget & Finance Committee Meeting - 06/21/2022
• Budget & Finance Committee Meeting - 03/03/2022
• Budget & Finance Committee Meeting - 02/10/2022
• Budget & Finance Committee Meeting - 11/17/2021
• Budget & Finance Committee Meeting - 09/08/2021
• Budget & Finance Committee Meeting - 06/18/2021
• Budget and Finance Committee Meeting - 03/02/2021
• Budget and Finance Committee Hearing - 02/09/2021
• Budget and Finance Committee Meeting - 11/18/2020
• Budget and Finance Committee Meeting - 10/07/2020
• Budget and Finance Committee Meeting - 09/23/2020
• Budget and Finance Committee Meeting - 07/20/2020
• Budget and Finance Committee Meeting - 02/25/2020
• Budget & Finance Committee Meeting - 02/11/2020
• Budget and Finance Committee Meeting - 01/14/2020
• Budget and Finance Committee Meeting - 10/29/2019
• Budget and Finance Committee Meeting - 07/16/2019
• B & F Committee Meeting - 02/26/2019
• B&F Committee Meeting - 02/12/2019
• Budget & Finance Committee Meeting - 01/24/2019