Skip to content
CVFiber
  • GovernanceExpand
    • About & Committees
    • Governing Board
    • Policies
  • DocumentsExpand
    • RFPs & Contracts
    • Financials
    • Policies
    • Town Reports
  • LearnExpand
    • About
    • FAQ
    • Conduit Specs
    • Press
    • Search Our Site
    • Planning Atlas
    • Vermont CUDs
    • Terminology
    • Presentations
  • News
  • Help Us!Expand
    • Win Grants
    • Donate & Volunteer
  • Contact
  • Careers
CVFiber

Finance & Audit

The Finance Committee develops the CVFiber annual budget and oversees financial audits and CVFiber’s accounting.

Committee Info

Regular Meetings
The 4th Tuesday of each month.

See our calendar on the Governing Board page if you are unsure.

Chair:
Ray Pelletier (Delegate, Northfield)

Members:

  • Jerry Diamantides (Delegate, Berlin)
  • Tom Fisher (Delegate, East Montpelier)
  • Christopher Shenk (Alternate, Waterbury)
  • Ted Barnett (Delegate, Williamstown)
  • David Mannix (Community Volunteer)


Full Charter

Contact us!

  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
AgendaMinutes
AgendaMinutes
January 25, 2022 January 25, 2022
February 22, 2022 February 22, 2022
March 22, 2022 March 22, 2022
April 26, 2022 April 26, 2022
May 5, 2022 May 5, 2022
May 24, 2022 May 24, 2022
June 28, 2022 June 28, 2022
July 26, 2022 – Cancelled
August 2, 2022 August 2, 2022
August 23, 2022 August 23, 2022
September 27, 2022 September 27, 2022
October 3, 2022 October 3, 2022
October 25, 2022 October 25, 2022
November 22, 2022 DRAFT November 22, 2022
AgendaMinutes
February 24, 2021 February 24, 2021
March 2, 2021 March 2, 2021
April 27, 2021 April 27, 2021
May 25, 2021 May 25, 2021
June 22, 2021 June 22, 2021
July 27, 2021 July 27, 2021
August 24, 2021 August 24, 2021
August 31, 2021 August 31, 2021
September 8, 2021 September 8, 2021
September 28, 2021 September 28, 2021
October 13, 2021 October 13, 2021
November 23, 2021 November 23, 2021
December 7, 2021 December 7, 2021
AgendaMinutes
AgendaMinutes
DRAFT May 14, 2019

A.  Background:

The mission of CVFiber is to bring fast, reliable and affordable highspeed Internet to the residents, businesses, and government agencies of its twenty-member communities.

To that end CVFiber must develop plans to construct and operate a financially viable network that will require significant financial planning, budgeting, contracting, and oversight.

B.  Finance and Audit Committee Responsibilities

  1.  The Finance and Audit Committee will:

a.  Prepare by September 1 an annual budget and two-year forecast. Receive input from Board and all committees by July 1 for the budget and forecast.

b.  In accordance with 30 V.S.A. 3075, prepare and present to the Board for distribution by October 21 to the legislative body of each district member town for review and comment the following:

            i.  a financial statement

            ii.  proposed budget

            iii.  summary of anticipated year-end results

c.  Cause an audit of the financial condition of the district to be performed annually by an independent professional accounting firm in accordance with 30 V.S.A § 3070.

d.  Ensure financial statement and audit results are delivered to the legislative bodies of each district member within 10 days of delivery to the Board in accordance with 30 V.S.A § 3077.

e.  Make recommendations to the Board regarding service, subscription, access, and utility fees taking into consideration anticipated revenues, expenditures, and payments due on obligations, including sinking funds and capital reserves in accordance with 30 V.S.A § 3075 and § 3079.

f.  After approval from the Board, the Finance Committee, as appropriate:

     i.  will prepare and submit, or oversee the preparation and submission of, loan and grant applications.

            ii.  issue or cause to issue the sale of bonds and notes.

g.  Oversee the activities of the Treasurer.

h.  Coordinate and collaborate with other committees as appropriate.

2.  Reports: The Finance Committee shall report to the Board at least monthly, more often as circumstances dictate, or as requested by the Board.

C.  Contact Us 

Please contact us via our Contact form.

D.  Meetings:

The Finance Committee shall set a regular monthly meeting date and time at its reorganization meeting in May.  Special meetings may be called throughout the year as necessary.

E.  Members:

Membership shall include the Treasurer (ex officio, non-voting member), and such delegates, alternates, and community members as appointed by the Board.

Committees

  • Communications
  • Executive
  • Finance & Audit
  • Governance
  • Planning & Development
  • Policy
  • CVFiber
  • About CVFiber
  • Governance & Committees
  • FAQ
  • News
  • Donate & Volunteer
  • Contact

Subscribe to our Newsletter

Connect

Facebook Twitter Linkedin
Search

© 2023 CVFiber

Scroll to top
  • Governance
    • About & Committees
    • Governing Board
    • Policies
  • Documents
    • RFPs & Contracts
    • Financials
    • Policies
    • Town Reports
  • Learn
    • About
    • FAQ
    • Conduit Specs
    • Press
    • Search Our Site
    • Planning Atlas
    • Vermont CUDs
    • Terminology
    • Presentations
  • News
  • Help Us!
    • Win Grants
    • Donate & Volunteer
  • Contact
  • Careers
Search