TOWN STAFF REPORT RECOMMENDATIONS
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Discuss, consider and act to make appointments to the Finance Subcommittee of Town Council
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STAFF: Cayce Lay Lamas, Director of Finance
BACKGROUND:
Westlake appoints members of the Town Council/Board of Trustees, along with the Mayor, to its Finance Subcommittee, as needed, to allow for greater understanding of Westlake’s finances and act as a bridge between financial operations and the governing body.
The Subcommittee is tasked with budgetary oversight, review of financial policies and reporting, and guiding financial planning. The Subcommittee is also responsible for conveying the needs and expectations of the governing body to the Director of Finance and providing insight into specific financial matters brought for consideration to the Council/Board.
DISCUSSION:
The most recently appointed Finance Subcommittee was appointed at the June 2, 2024, meeting. The appointed members are no longer Council/Board members so new members must be appointed to continue the Subcommittee.
Appointed members will work with the Director of Finance to set a schedule of monthly meetings to discuss financial matters. Meetings may be cancelled when there is no business to discuss.
STAFF RECOMMENDATION:
Staff recommends the Council/Board nominate and appoint two (2) members to serve on the Subcommittee with the Mayor.
TOWN COUNCIL ACTION/OPTIONS:
1) Motion to approve
2) Motion to amend with the following stipulations (please state stipulations in motion)
3) Motion to table
4) Motion to deny