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Attachment A CHAPTER 207 FINANCE COMMISSION THE CITY OF ROSEVILLE ORDAINS: SECTION 1: A new Title Two, Chapter 207 of the Roseville City Code is added to read as follows: 207.01: ESTABLISHMENT AND MEMBERSHIP: There is established a Finance Commission of the City which shall consist of seven members appointed by the City Council. Members shall be residents of the City and appointed for three year staggered terms. A minimum of three members shall have financial management experience or training. Terms of the initial members will be established by the council at the time of their appointment. No member shall serve more than two full consecutive terms. 207.02 : ORGANIZATION: The Commission shall annually elect one member to serve as chairperson and one member to serve as vice chairperson. 207.03: MEETINGS AND REPORTS: The Commission shall annually adopt a regular meeting schedule and may hold other meetings, as it deems necessary. The Commission may adopt rules for the transaction of business and shall keep a record of its meetings and actions. The cominission shall request a joint meeting with the City Council when deemed necessary and at a minimum of once a year. 207.04: SCOPE, DUTIES AND FUNCTIONS: The City Council has created the Finance Commission to serve in an advisory capacity regarding the City's financial matters to make recommendations that will provide clarity, transparency and accessibility of financial information, to review policies and offer strategies for improved budgeting and funding for present-day operations and future needs, and to review the city's financial affairs. The duties and functions of the Commission may include: A. Advise on short and long-term financial policy matters, including but not limited to cash reserve funds, budgets, financing, and capital replacement policies. [43 ]