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Finance Committee

Comprising not less than five Appointed Members

Terms of Reference

i) To regulate and administer the Town Councils Financial Rules governing the allocation and use of the Council funds.

ii) To oversee the preparation of the Annual Budget and Annual Accounts, including appointment of external auditor.

iii) To oversee the financial performance of the Town Council including:

      a) investment of funds of the Council and monitoring of returns on investment.

      b) arrears management – monitoring arrears situation, establishing arrears management guidelines/standards, evaluating appeals and
          recommending write-off.

iv) To review S&CC rates, penalty charges, administrative fees, TOL rates.