HomeMy WebLinkAboutExhibit C to Report_1Page 124 Town of Nantucket 2020 Annual Town Meeting Warrant with Finance Committee Motions
special law to the contrary, the Nantucket Islands Land Bank may convey an easement(s) under all or portions of certain parcels of land situated in the Town of
Nantucket to the Town of Nantucket for underground drainage purposes, provided that the overall use and appearance of said properties remains as open space, described as
follows:
•Tax Assessor’s Map 55.4.4, Parcel 105, 14 Candle House Lane;
•Tax Assessor’s Map 55.4.4, Parcel 104, 16 Candle House Lane.
Any such disposition shall be on such terms and conditions as the Nantucket Islands Land Bank deem appropriate, which may include the reservation of restrictions and
easements and the exchange of suitable property from the Town of Nantucket to
mitigate any impact of open space value as determined by the Nantucket Islands Land Bank Commissioners, all as shown on a map entitled “2020 Annual Town Meeting
Warrant Article 95” dated January 2020 and filed with the Office of the Town Clerk.
Section 2. This act shall take effect upon its passage.
Or to take any other action related thereto.
(Select Board)
FINANCE COMMITTEE MOTION: Moved to take no action on the Article.
ARTICLE 96 (Home Rule Petition: Amending the Town Charter Relative to the Audit Committee)
To see if the Town will vote to request its representatives in the General Court to
introduce special legislation, the text of which is set forth below, amending the charter for the Town of Nantucket, and to authorize the General Court, with the approval of the
Select Board, to make changes of form to the text thereto as may be necessary or advisable in order to accomplish the intent and public purpose of this legislation in order
to secure passage. (NOTE: new language is shown as highlighted text, language to be
deleted is shown by strikeout; these methods to denote changes are not meant to become part of the final text):
Article III, Select Board, Section 3.5(c), Further Powers of the Select Board
The Select Board shall have the power:
…
(c) To establish as may be advisable or needed one or more advisory committees to
conduct any inquiry or investigation or to make planning, policy or otherrecommendations; further, to establish and shall so establish as a permanent standing
committee of the town a three member audit committee whose duties shall includeappointment of an outside audit firm, review of the annual audit results and evaluation of
the internal accounting procedures and controls. The audit committee shall be
composed of three members each serving a term of one year. The committee will
EXHIBIT C
Page 125 Town of Nantucket 2020 Annual Town Meeting Warrant with Finance Committee Motions
consist of the Chairman of the Select Board, the Chairman of the Finance Committee and one member of the Select Board appointed by the Select Board.
Article III, Select Board, insert Section 3.6 - Audit Committee
(a)Members. In accordance with this charter, the Select Board shall establish a five-
member Audit Committee consisting of the Chairman of the Select Board, theChairman of the Finance Committee, one appointed member from the Select
Board and two members of the Nantucket community. The public members will
be appointed by the Select Board. Each member shall be a voting member andbe appointed for 1-year terms.
(b)Purposes, Duties, and Responsibilities of the Audit Committee. The Audit
Committee shall represent the Select Board in discharging its responsibilityrelating to the accounting, reporting, and financial practices of the Town, and
shall have general responsibility for surveillance of internal controls and
accounting and audit activities of the Town. Specifically, the Audit Committeeshall:
(1) Evaluate and recommend to the Select Board a firm of independent
certified public accountants as auditors of the Town.
(2)Review with the independent auditors their audit procedures, including
the scope, fees and timing of the audit, and the results of the annualaudit examination and any accompanying management letters.
(3) Review the written statement from the outside auditor of the Town
concerning any relationships between the auditor and the Town or any
other relationships that may adversely affect the independence of theauditor and assess the independence of the outside auditor.
(4) Review and discuss with the Finance Director and the independent
auditors the Town's annual audited consolidated financial statements,
including an analysis of the auditors' judgment as to the quality of theTown's accounting principles.
(5) Review the adequacy of the Town's internal controls.
(6) Review significant changes in the accounting policies of the Town andaccounting and financial reporting rule change that may have a
significant impact on the Town's financial reports.
(7)Review material pending legal proceedings involving the Town and othercontingent liabilities.
(8) Review the adequacy of the Audit Committee Charter on an annualbasis.
EXHIBIT C
Page 126 Town of Nantucket 2020 Annual Town Meeting Warrant with Finance Committee Motions
(c)Meetings. The Audit Committee shall meet as often as may be deemed
necessary. The Audit Committee shall meet in executive session (without thepresence of staff) with the independent auditors at least annually. The Audit
Committee shall report to the full Select Board with respect to its meetings. Themajority of the members of the Audit Committee shall constitute a quorum.
Or to take any other action related thereto.
(Select Board) FINANCE COMMITTEE MOTION: Moved that the Town’s representatives to the
General Court, are hereby authorized to introduce special legislation, the text of which is set forth below, amending the charter for the Town of Nantucket, and to authorize the
General Court, with the approval of the Select Board, to make changes of form to the
text thereto as may be necessary or advisable in order to accomplish the intent and public purpose of this legislation in order to secure passage. (NOTE: new language is
shown as highlighted text, language to be deleted is shown by strikeout; these methods to denote changes are not meant to become part of the final text):
Article III, Select Board, Section 3.5(c), Further Powers of the Select Board
The Select Board shall have the power:
…
(c) To establish as may be advisable or needed one or more advisory committees to
conduct any inquiry or investigation or to make planning, policy or otherrecommendations; further, to establish and shall so establish as a permanent standing
committee of the town a three member audit committee whose duties shall include
appointment of an outside audit firm, review of the annual audit results and evaluation ofthe internal accounting procedures and controls. The audit committee shall be
composed of three members each serving a term of one year. The committee willconsist of the Chairman of the Select Board, the Chairman of the Finance Committee
and one member of the Select Board appointed by the Select Board.
Article III, Select Board, insert Section 3.6 - Audit Committee
(b)Members. In accordance with this charter, the Select Board shall establish a five-
member Audit Committee consisting of the Chair of the Select Board, the Chair ofthe Finance Committee, one appointed member from the Select Board and two
members of the Nantucket community. The public members will be appointed by
the Select Board. Each member shall be a voting member and be appointed for1-year terms.
(d)Purposes, Duties, and Responsibilities of the Audit Committee. The Audit
Committee shall represent the Select Board in discharging its responsibilityrelating to the accounting, reporting, and financial practices of the Town, and
shall have general responsibility for surveillance of internal controls and
EXHIBIT C
Page 127 Town of Nantucket 2020 Annual Town Meeting Warrant with Finance Committee Motions
accounting and audit activities of the Town. Specifically, the Audit Committee shall:
(1) Evaluate and recommend to the Select Board a firm of independent
certified public accountants as auditors of the Town.
(2)Review with the independent auditors their audit procedures, including
the scope, fees and timing of the audit, and the results of the annualaudit examination and any accompanying management letters.
(3) Review the written statement from the outside auditor of the Town
concerning any relationships between the auditor and the Town or anyother relationships that may adversely affect the independence of the
auditor and assess the independence of the outside auditor.
(4) Review and discuss with the Finance Director and the independent
auditors the Town's annual audited consolidated financial statements,including an analysis of the auditors' judgment as to the quality of the
Town's accounting principles.
(5) Review the adequacy of the Town's internal controls.
(6) Review significant changes in the accounting policies of the Town and
accounting and financial reporting rule change that may have asignificant impact on the Town's financial reports.
(7)Review material pending legal proceedings involving the Town and othercontingent liabilities.
(8) Review the adequacy of the Audit Committee Charter on an annual
basis.
(e)Meetings. The Audit Committee shall meet as often as may be deemed
necessary. The Audit Committee shall meet in executive session (without thepresence of staff) with the independent auditors at least annually. The Audit
Committee shall report to the full Select Board with respect to its meetings. The
majority of the members of the Audit Committee shall constitute a quorum.
ARTICLE 97 (Home Rule Petition: Prohibiting Glyphosate)
To see if the Town will vote to request its representatives in the General Court to introduce special legislation seeking a special act in the form set forth below, amending
Chapter 301 of the Acts of 2002, and to authorize the General Court, with the approval
of the Board of Selectmen, to make constructive changes in the text as may be necessary or advisable in order to accomplish the intent of this legislation in order to
secure passage; or to take any other action related thereto.
EXHIBIT C