Finance Advisory Board

Overview

The Wellington Finance Advisory Board was adopted by the Trustees on March 25, 2025 through Ordinance No. 03-2025; the ordinance contains additional details about the purpose and the duties of the Advisory Board. A summary of the Advisory Board responsibilities include:

a.    To review the Town's annual draft budget to obtain understanding of the Town's financial position. 
b.    To make recommendations to the Board of Trustees concerning Town finances, annual budget and long-range financial planning to address the needs of the Town.
c.    To review Town revenues and actual expenses.
d.    To review reports generated by outside consultants for matters having a financial impact such as utility rate studies, long term financial planning and potential contracts for banking or financial services.
e.    To review the Town's financial reporting processes and internal controls.

Meetings

Meetings are held as needed, but shall strive to meeting on the quarterly basis. 

Agendas & Minutes

Agendas are available prior to the meetings. Minutes are available following approval.
View Agendas | View Packets |  View Minutes

There may be up to seven members, appointed by the Board of Trustees, to serve staggered terms of four years. The members are required to be residents of Wellington who serve without pay. The Town Treasurer is a member of the Advisory Board and serves as the Chair. At the July 28, 2025 Meeting, the Finance Advisory Board adopted bylaws, which can be viewed here.