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K11 -110M <br />City of Roseville <br />ORDINANCE NO. 1522 <br />AN ORDINANCE AMENDING <br />TITLE TWO CHAPTER 208 <br />TO MODIFY THE FINANCE COMMISSION'S ROLE WITH REGARD TO THE <br />CITY'S FINANCIAL CONTROLS <br />THE CITY OF ROSEVILLE ORDAINS: <br />SECTION 1: Title Two, Chapter 208 of the Roseville City Code is amended to read as follows: <br />208.02: SCOPE, DUTIES AND FUNCTIONS: <br />The City Council has created the Finance Commission to serve in an advisory capacity regarding the <br />City's financial matters to make recommendations that will provide clarity, transparency and <br />accessibility of financial information, to review policies and offer strategies for improved budgeting and <br />funding for present-day operations and future needs, and to review 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 reserve <br />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 to make <br />financial communications and budget information more transparent, comprehensible, and <br />accessible to the public. <br />E. Review and recommend the annual timeline and process for creating City budgets. <br />F. Review the annual financial information, the annual audit report and management letter, the <br />adequaey and e ff-eetive ess of finaneial , nife .,, and the city's investment policy and portfolio. <br />Page 1 of 2 <br />