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EDA to draft treasurer job description and consider bylaw updates on meeting frequency

Onancock Economic Development Authority · December 10, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

After the treasurer stepped back, the board decided to draft a job description and consider amending bylaws to reflect realistic meeting frequency; members clarified that the town will continue to manage books for now and the EDA treasurer role will be largely oversight and signing authority.

The board discussed internal governance after learning Matt can no longer serve as treasurer. Members agreed that because the town currently manages the EDA's books, the treasurer's immediate duties would be primarily review and signature authority on a separate EDA bank account. "The treasurer can review the financials, and the treasurer can be a signer on the account," a board member said.

Members recommended drafting a short job description to clarify expected duties and to revisit the role at the next meeting before a formal vote. They also discussed amending bylaws to reflect a less frequent meeting cadence; the board noted the state requires at least four meetings a year but that monthly meetings might be unnecessary and that bylaws could be updated to match practical needs. No final amendments were adopted at this session.