2005-Annual Town Report - Laserfiche WebLink

Home Browse Search

ARTICLE IV—Annual Audit ARTICLE VII — Capital Improvement History: Adopted as Ch 3. Article 3.3 of the 1980 Committee and Program (CIP) Code History: Adopted 5-17-1982 ATM,Article.21. §6-9. State Audit: There shall be an annual audit of §6-13. Establishment of Committee; Membership. the Town's accounts, consistent with applica- A Committee, to be known as the "Capital j ble provisions of the Charter, under the super- Improvement Program Committee," shall be vision of the Director of Accounts of the established to prepare a capital improvement Department of Revenue, in accordance with program. This Committee shall perform the j the provisions of MGL C. 44, §35. duties as specified in the Charter and following sections of this Bylaw, and shall consist of the §6-10. Independent Audit: The Finance Committee following members: The Town Manager, who shall annually provide for an outside audit of shall serve as the Chairman of the Committee, the books and accounts of the Town to be made a member or designee of the Board of ?i by a certified public accountant, or a firm of Selectmen who shall be designated annually certified public accountants, who have no per- by vote of the Board of Selectmen, a member '! sonal interest, direct or indirect, in the fiscal or designee of the Finance Committee who affairs of the Town or any of its officers. The shall be designated annually by vote of the <! Town Manager shall annually provide a suffi- Finance Committee,the Town Accountant and j cient sum of money to conduct the audit. The a member at-large to be appointed annually by award of a contract to audit shall be made by the Board of Selectmen. Said members desig- ! the Finance Committee on or before September nated or appointed by the Selectmen and i fifteenth of each year. The report of the audit Finance Committee shall not be Town employ- ` 'J shall be filed in final form with the Finance ees, nor members of other Town boards or ,j Committee not later than March first in the year commissions. following its award and copies shall be placed History: Amended 12-2-1985 STM,Article on file in the office of the Town Clerk.- 54, approved by Attorney General on 2-11- 1986. ARTICLE V—Annual Inventory History: Amended 5-7-2001 ATM, Article ' History: Adopted as Ch. 3, Article 3.4 of the 1980 24, approved by Attorney General on 8-18- ? Code 2001. j §6-11. Preparation Requirement: All department §6-14. Consideration of Proposed Capital heads of the Town shall prepare and submit to Outlays. The Committee shall, in accordance the Town Manager between May 15 and no with the provisions of Section 6-8 of the , i later than June 30 of each year a complete Charter, study proposed capital outlays inventory of all Town-owned property for involving the acquisition of land or any expen- which their departments are responsible. diture of twenty five thousand dollars ($25,000) having a useful life of at least three ARTICLE VI—Disposal of Town Equipment (3) years. All officers, boards and commit- History: Adopted as Ch. 3,Article 3.5 of the 1980 tees, including the Selectmen and School ;i Code Committee, shall, by September 1 of each year, give to such Committee, on forms pre §6-12. Procedure: As authorized in MGL C. 40, pared by it, information concerning all pro- §21, Clause 11, any equipment to be disposed jects anticipated by them, i.e., involving the of by various officers or departments of the acquisition of land or an expenditure of Town shall first be offered to any other office twenty five thousand dollars ($25,000)having a. ! or department of the Town who may require it. a useful life of at least three (3) years. The Committee shall consider the relative need, timing and cost of these expenditures and the effect each will have on the financial position of the Town. 'c I 114