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Group 2 proposes elevating audit committee and clarifies reporting expectations
Summary
Commissioners proposed moving the audit committee into its own charter article, discussed annual reporting requirements and questioned which town body 'owns' financial statements and oversight responsibilities.
During the Article II review, commissioners focused on the audit committee and proposed elevating it to a standalone article (an "Audit Board") to reduce ambiguity about membership requirements, annual reporting and oversight responsibilities.
Discussion highlighted a provision requiring the committee to prepare and send an annual report of activities to "town bodies within…
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