Finance Committee
Department

The Finance Committee meets:

  • quarterly to review Town financial information and sets additional Special Meetings as necessary.

Overview

The Finance Committee of the Town of St. Joseph advises the Town Board and the Town Clerk/Treasurer about a broad range of financial matters of the town.  

Members

  • The seven committee members will consist of: 
    • Fire / EMS Representative
    • One Town Board member 
    • Parks, Trails and Recreation/Plan Commission Representative 
    • Public Works Committee Representative
    • Town Clerk / Treasurer
    • Citizen Member 1
    • Citizen Member 2  
  • Alternates 
    • Deputy Clerk/Treasurer 
    • Citizen Member 

Duties

  • Advise the Town Clerk/Treasurer and the Town Board about financial matters including but not limited to the following: 
    • Borrowing Plans and Strategies
    • Custody and Investment of Town Funds
    • Fees and Costs of Financial Arrangements
    • Management 
    • Selection of Financial Service Providers
  • Annually review the Town Debt instruments to ascertain opportunities to make advantageous changes and present recommendations. 
  • Develop an annual quarterly cash flow projection.
  • Develop, update and maintain a ten-year financial plan relative to the Town’s needs.
  • Monitor budget preparation.
  • Monitor custody of funds to assure safety and optimization of investment returns.
  • Monitor expenditure of funds in comparison to budget.
  • Provide advice to the Town Clerk/Treasurer and Town Board as requested.
  • Any other duties that are relative to financial matters, not herein enumerated.

Interested in Serving on the Finance Committee? 

Send a Letter of Interest to clerk@townofstjoseph.com

Established

The Finance Committee was established by Resolution 2015-03.