Meeting Time
The Financial Advisory Committee meets the first Tuesday of the month (as needed) at 7:00 PM in Administration Building located at 45 Keeley Avenue.
Purpose
The Financial Advisory Committee advises Borough Council on matters relating to the finances of the Borough.
Responsibilities
- Oversee accounting and financial reporting requirements and make recommendations to Borough Council to ensure the Borough is complying with all accounting and financial reporting requirements.
- Review the annual audit report and provide a summary of the annual audit report to Borough Council, including, but not limited to, any discrepancies identified in the audit report and any surcharges, recommended by the auditor or otherwise, that are imposed in the audit report or should have been imposed in the audit report.
- Prepare and present an annual analysis of the Borough’s financial performance.
- Prepare and present annual, three-year, five-year, and seven- year financial forecasts.
- Prepare and review a strategic financial plan for the Borough.
- Investigate and analyze methods of expanding the Borough’s tax base.
- Investigate and analyze alternative sources of funding, including borough fees, loans, debt financing, grants, and other funding sources other than revenues raised through millage.
- Perform other functions relating to the Borough’s finances as directed by Borough Council.
Membership
The Financial Advisory Committee shall be comprised of not less than five (5), nor more than seven (7) members. A majority of the members must be Borough residents. No member of Borough Council may serve as a voting member. Borough Council may appoint a member of Council to serve as a non-voting liaison to the committee.
Committee Members
Council Liaison: Robyne Kelemen and John Wolff
Chair: Frank Lombardo (2023)
Vice Chair: Danielle Young Rookstool (2023)
Members:
- Art Conover (2022)
- Dave Bernhauser (2025)
- Jonathan Poole (2025)
- Vacant (2022)
