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Finance and Audit Advisory Committee
The Committee meets monthly and at such other times as the Chairman or the members of the Committee deem appropriate. Meetings may be conducted in person, by videoconferencing, by teleconferencing, or by a combination thereof.

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  • Joel T. Williams, III - Mayor
  • Michael Lewis – Chair
  • Richard Litton
  • Allen Custard

Ex Officio Members
  • Bob Carter
  • Eric Gambrell
  • Bill Lindley, Town Administrator
  • Steven Alexander, Director of Administrative Services/CFO

About the Finance and Audit Advisory Committee
The Town of Highland Park Finance and Audit Advisory Committee (the “Committee”) provides advice and recommendations to the Town Council concerning the investment, financial, accounting, and audit-related affairs, practices, and policies of the Town.

Membership/Structure/Term of Office

The membership of the Committee will be composed of four individuals consisting of the Mayor and three private individuals with significant knowledge and experience in the realms of business finance and/or municipal finance. In addition, the Committee shall have four Ex Officio members consisting of the two Town Council Members who serve as members of the Town’s Administrative Committee, the Town Administrator, and the Chief Financial Officer of the Town.

The three private individuals will be appointed by the Mayor; however, their appointments shall be subject to confirmation by the Town Council (the “Council”). The three private individuals, the Mayor, and the members of the Administrative Committee shall serve as members of the Committee for a term of two years ending simultaneously with the ending of the terms of the Mayor and of the Town Council Members. The service of the private individuals shall be limited to not more than three successive two-year terms. The Mayor shall appoint the Chair of the Committee with the confirmation of the Town Council

Responsibilities of the Committee
The Committee will: (i) consider the policies and priorities of the Town as expressed in the current budget and capital improvement program and as otherwise conveyed to the Committee by the Council; (ii) study and assess the financial performance and financial condition of the Town; (iii) identify issues and opportunities related to such performance and condition; and (iv) convey comments and make recommendations to the Council as it deems appropriate or as the Council may request. In conjunction therewith, the Committee will:
  • On a monthly basis, review the Town’s periodic financial reports with the Town Staff;
  • On a monthly basis, review the Town’s investment portfolio with the Town Staff;
  • Review, assess, and comment upon the investment, financial, accounting, and audit policies and practices of the Town;
  • Participate in, and review, assess, and comment upon, the development and preparation of the proposed Annual Budget, to include reviewing annually the Town’s Compensation and Benefits Program, as well as the Pay for Performance (P4P) Program, and the Capital Improvement Program as they are developed, prepared and circulated;
  • Confer with the independent auditors retained by the Town, including conducting at least one annual conference without the presence of any member of the Town Staff, including without the presence of any Ex Officio members of the Committee who are members of the Town Staff; and
  • Review, assess, and comment upon the Comprehensive Annual Financial Report prepared by the auditors.

The Town Staff will furnish to the Committee the benefit of its knowledge, experience, and recommendations as the Staff may deem appropriate; and the Committee will draw upon such knowledge, experience, and recommendations as it deems appropriate.

The Staff, without the approval of the Council, may implement recommendations of the Committee which involve routine adjustments or refinements of existing administrative practices of the Town; however, no recommendation that is inconsistent with any prior directive of the Town Council or that constitutes a change in Town policy will be implemented without the prior approval of the Council.

Reports to the Town Council
The Committee will submit to the Council on a quarterly basis a written report concerning: (i) the financial performance of the Town relative to the current Budget; (ii) any recommendations it may deem appropriate; and (iii) such other matters within the realm of its responsibilities as it may deem appropriate. Such quarterly reports will be submitted within thirty (30) days of the close of each fiscal quarter of the Town. Such report may be supplemented by the members of the Committee or a representative appearing at a meeting of the Council. Further, the Committee may make written reports to, or its members or a representative may make appearances before, the Council as the Committee may deem appropriate.