Responsibilities

Responsibilities of this Committee are as follows:

1. Ascertain and determine the amount of money to be raised for Borough purposes for the ensuing year.
2. Examine all certificates, statements, papers, and records submitted to the Borough showing the monies to be raised for highway, police, fire, or other purposes.
3. Ascertain and recommend to the Borough Council such salaries as it may propose for all elected officials and employees of the Borough.
4. Review quarterly the financial health of the Borough.
5. In coordination with the Borough Manager, prepare and submit at the October Council Meeting a preliminary budget of all expenses and revenues.
6. The Finance Committee ensures that the purchasing policies and guidelines are implemented and enforced.
7. The Finance Committee reviews capital expenditures recommended by the staff and the other Council committees.
8. This Committee participates in the preparation of annual updates to the Capital Improvement Program and makes recommendations to Council for review and approval.
9. Shall annually review all Rules and Policies of the Borough in regard to all financial activity of the Borough.

The Carroll Valley Finance Committee shall follow the rules and policies as set forth by the Carroll Valley Borough Council.