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The original item was published from 7/25/2019 11:18:14 AM to 8/13/2019 1:15:54 PM.

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Posted on: July 25, 2019

[ARCHIVED] Financial Review Board Vacancy

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Financial Review Board

Class III Member: 4-year term – Appointment by the Council

Township Code 2-35.1 Establishment; Membership

There is hereby established a Financial Review Board of eight (8) members. The Board shall consist of three (3) classes of members as follows:

a. Class I: A member of the Township Council.

b. Class II: One (1) of the officials of the Township other than a member of the Township Council, to be appointed by the Mayor as a non-voting Advisor, provided that if there is a Financial Director, that person shall be deemed to be the Class II member.

c. Class III: Six (6) citizens of the Township to be appointed by the Township Council. Three (3) shall be Certified Public Accountants, or individuals with financial business experience, or financial analysis.

Township Code 2-35.2 Term of Office

a. The term of the member composing Class I shall correspond to his official tenure.

b. The term of the member composing Class II shall be for one (1) year to terminate at the completion of their respective term of office, whichever occurs first, except for a Class II member who is also the Municipal Financial Director.

c. The term of a Class III member shall be for three (3) years.

d. The terms of all Class III members first appointed under this section shall be so determined that, to the greatest practicable extent, the expiration of such term shall be distributed evenly over the first four (4) years after their appointment, provided that the initial Class III term of no member shall exceed four (4) years. Thereafter, the Class III terms of each member shall be four (4) years.

e. All terms shall run from January 1 of the year in which the appointment is made.

Township Code 2-35.6 Conflict of Interest

No member of the Board shall be permitted to act on any matter in which he has, either directly or indirectly any personal or financial interest.

Township Code 2-35.6 Organization

a. The Review Board is authorized to adopt by-laws and such other rules and regulations governing its procedural operation, which by-laws, rules and regulations shall be consistent with the provisions of this section.

b. The Review Board shall elect a chairman and vice-chairman from the members of Class II, select a Secretary who may not be a member of Council or a municipal employee.

c. The Review Board Chairman may appoint from among the members of the Board any committee to review, report and make recommendations to the full Board regarding any matter before it and deemed advisable in carrying out its functions.

Township Code 2-35.7 Other Experts and Staff

The Review Board may request from the Township Council the services of additional experts, staff and services as it shall deem necessary and appropriate.

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