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CHAPTER 208 <br /> FINANCE COMMISSION <br /> SECTION: <br /> 208.01: Establishment and Membership <br /> 208.02 Scope, Duties and Functions <br /> 207.02: Organization <br /> 207.03: Meetings and Reports <br /> 207.04: Scope, Duties and Functions <br /> THE CITY OF ROSEVILLE ORDAINS: <br /> : . . . . ! • - • <br /> • -- - - . . <br /> as follows: <br /> 208.01: ESTABLISHMENT AND MEMBERSHIP: <br /> There is established a Finance Commission of the City which shall consist of seven members <br /> appointed by the City Council and which shall be subject to Chapter 201 of the City Code. <br /> . • - . . ... - - _ - -.. . A <br /> minimum of three members shall have financial management experience or training. Terms of <br /> 208.02: SCOPE, DUTIES AND FUNCTIONS: <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 />