Business Advisory Committee

Meetings
  • Quarterly
Agendas & Minutes
Agendas are available prior to the meetings. Minutes are available following approval.
View Most Recent Agendas and Minutes

Members
  • Bill McLachlan, Chairperson
  • Bob Listerman
  • Tom Schorn
Committee Composition
The Committee should be composed of three Township residents who have a background in the area of financial management and reporting and are committed to become involved in a detailed manner with this working Committee. The Board of Supervisors shall choose the three residents. The Treasurer should be a permanent member.

The Committee, at its discretion, may consult with outside advisers whose expertise may be sought for any issue under consideration. Any fees shall be approved by the Board of Supervisors before they are incurred.

Roles & Responsibilities
As examples, the Committee shall provide guidance and assistance in the following areas:
  • Financial reporting
  • Budget process and technique
  • Accounting
  • General, proprietary, designated and restricted fund creation and management
  • Policy development (financial aspects only)
  • Capital expenditure analysis
  • Assist in techniques for implementing auditor-recommended changes to financial reports
Committee members will be available to provide such experience when requested by the Treasurer but the Committee will meet on a regular basis, typically quarterly, to review financial performance and critical financial issues. The Committee is required to maintain minutes of its meetings and action items which will be posted on the Township website following approval by the Treasurer and Supervisors. An update of Committee activities will be presented to the Board of Supervisors as needed.

Mission
To provide effective financial know-how and advice to the Board of Supervisors and the Treasurer of Kennett Township on a continuing and as needed basis with the intent to create and sustain excellence in financial governance, reporting, and decision making.