Finance - Budget Advisory Committee

The scope of the Budget Advisory Committee:

• Become familiar with General Accepted Accounting Practices (GAAP).
• Review annual budgets with a focus on expenditures and revenues to evaluate and recommend financial strategies that will benefit the Township.
• Review the process used to prepare financial information and reports submitted to the Council.
• Have an understanding of the financial software used by the Finance Office.
• Review and make recommendations on the 5-year planning model.
• Review and make recommendations on financial controls and processes utilized by the Finance Department.

• Minimum General Fund Balance Policy
  
• Fund Balance Policy
  
• Long term Capital Planning Policy (investing and debt service policies)
  
• Prepare a debt service analysis.
• Review annual financial audits, pension audits, and any other mandated audit performed on the Township's finances.
• Meet with Department Heads to review their needs prior to preparation of 2016 Budget.

Click here to see the final Budget Advisory Committee report dated August 4, 2016.