District Seeks To Fill Seat On Financial Advisory Committee
The Lakewood Board of Education is seeking applicants to fill a position on its Financial Advisory Committee (FAC), which is dedicated to the District’s finances. Applicants must be Lakewood residents.
Duties of the committee include reviewing the annual state audit, conducting pre- and post-audit meetings, sharing business and financial “best practices” information, and reviewing the treasurer’s five-year forecast. The committee meets on a quarterly or as needed basis. The FAC was created by the Board of Education in May 2013.
The position is a result of a term expiring on December 31, 2018. This is a voluntary appointment for a three-year term beginning January 1, 2019. Robert Torok, whose term is expiring, intends to apply for the position.
Board members expect the committee members to work in a "cooperative, collaborative and consensus-driven manner.” Applicants for the position are expected to have strong experience in areas of finance or audit experience, especially CPAs, CFOs, CEOs, or bankers.
Qualified and interested citizens are asked are asked to submit a letter of interest and experience to Edward Favre, Board of Education President, 1470 Warren Road, Lakewood, Ohio 44107. Letters must be received no later than December 1, 2018.