Laserfiche WebLink
545 <br />546 <br />547 SECTION: <br />548 <br />549 <br />550 <br />554 <br />555 <br />556 <br />557 <br />558 <br />559 <br />560 <br />561 <br />CHAPTER 208 <br />FINANCE COMMISSION <br />208.01: Establishment and Membership <br />208.02 Scope, Duties and Functions <br />� � � . :. <br />� � „ . • <br />. . -- - " %: <br />� �. � <br />. _ ::- .. - <br />MY!i�l�lY�►i���_�■•T�tva����i�r��•�.�.�r�c.e <br />208.01: ESTABLISHMENT AND MEMBERSHIP: <br />562 There is established a Finance Commission of the City which shall consist of seven members <br />563 appointed by the City Council and which shall be subject to Chapter 201 of the City Code. <br />564 . A <br />565 minimum of three members shall have financial management experience or training. �� <br />566 . <br />S6% ,,-,t,o,- �t,,,ti � o ��,,,,, ,-.1,,. �,ii ,. „�;�,o ,-o,.,,-.� <br />568 208.02: SCOPE, DUTIES AND FUNCTIONS: <br />569 <br />570 <br />571 <br />572 <br />573 <br />574 <br />576 <br />577 <br />578 <br />579 <br />580 <br />581 <br />582 <br />583 <br />The City Council has created the Finance Commission to serve in an advisory capacity <br />regarding the City's financial matters to make recommendations that will provide clarity, <br />transparency and accessibility of financial information, to review policies and offer strategies <br />for improved budgeting and funding for present-day operations and future needs, and to review <br />the city's financial affairs. <br />The duties and functions of the Commission may include: <br />A. Advise on short and long-term financial policy matters, including but not limited to cash <br />reserve funds, budgets, financing, and capital replacement policies. <br />B. Review and recommend funding strategies for the Capital Improvement Plan. <br />C. Recommend budget goals, including but not limited to local tax rate and tax levy targets, <br />management of enterprise funds, and spending levels, <br />D. Review and recommend standardized budget and financial reporting methods and tools <br />to make financial communications and budget information more transparent, <br />