The Finance Committee is a standing committee of the Board of Managers that meets on the first Wednesday of each month. It comprises the Board President and Board Treasurer, with support from the district administrator and other consultants.

The committee reviews financial policies and develops an annual budget to recommend to the Board of Managers. All meetings of the committee are noticed and open to the public as required by the Open Meeting Law.

Agenda:

1. Update status of Financial Audits
2. Develop an internal control policy/financial controls
3. Develop a fund balance policy
4. Develop a policy for more efficient & timely payment of claims
5. Budget process, timeline, and flowchart
6.  Developing a cost benefit analysis
7. Discuss potential financial impact to LMRWD due to Rapidan Dam failure
8. Identify 2025 Budget funding for Executive Compensation
9. Adjourn

Next Finance Committee meeting is scheduled for 7:00 PM, Wednesday, March 5, 2025 at the Savage Public Library.