file photo by Boyd Loving
March 5,2017
the staff of the Ridgewood blog
Ridgewood NJ, readers are questioning why has the Ridgewood Financial Advisory Committee still not met commonly accepted standards used throughout the world?
While the rumor and innuendo spending in an attempt to undermine the Mayor and the current council are being sprinkled around town, the fact is the Ridgewood Financial Advisory Committee continues not to meet the most minimum commonly excepted practices in the Finance and accounting industries.
This taints any advice given by the committee and could open the Village to a whole host of law suits.
Once again in order for the Financial Advisory Committee to be an effective part of the Village governance the following criteria have to be met:
Publish clear and realistic by-laws
Post agenda’s of all meetings
Post minutes of all meetings promptly
All members must sign Financial disclosure forms
All members must sign NDA’s or non-disclosure forms
These are professional standards that are used and commonly accepted everywhere in the world.