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Wellington converts Finance Committee to Finance Advisory Board; treasurer named chair, bylaws to be updated
Summary
Trustees approved an ordinance that reorganized the town's Finance Committee into a Finance Advisory Board with up to seven members, the town treasurer serving as chair, and an advisory role on budgets, rates and internal controls; the new body approved last year—ommittee minutes and began revising bylaws and meeting rules.
The Town Treasurer announced that Wellington's Finance Committee has been reorganized as the Finance Advisory Board and that the board will serve "in an advisory capacity to the board of trustees and town staff on matters concerning the town's finances." The advisory board is authorized to review the annual budget, utility rates and capital improvement projects and to make recommendations to the Board of Trustees.
The change follows an ordinance approved March 25, 2025, that took effect 30 days later, revising the Wellington Municipal Code section that governs the finance body. The Town Treasurer said the ordinance "revised the Wellington Municipal Code Sec regarding the Wellington finance advisory board" and that the intent was to provide clearer scope so the group can offer input on long-range…
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