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55-21
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55-21
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8/20/2021 4:10:59 PM
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8/20/2021 2:22:43 PM
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Resolutions
Number
55-21
Date
08/19/2021
Description
Establishing Standing Committees and Adopting General and Special Rules Pertaining Thereto
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Development Plans and Field visits. Such impacts would include <br />topography, vegetation, drainage, lighting, skylights, riparian <br />habitat and conservation easements. <br />To attend all Fast Track/Site Development meetings to support <br />committee and staff recommendations. <br />(d) Finance and Investment Committee. <br />(i) The membership of this Committee shall consist of a minimum of five {5} <br />members and a maximum of nine {9) members. The Mayor and Vice - <br />Mayor shall serve as non-voting Council liaisons. Members shall meet at <br />least one of the following qualifications: { I } five years accounting and <br />financial experience in a public corporation, municipal government or <br />privately held business; {2} financial officer of a public corporation with <br />five years' experience; {3} investment officer of a F.D.I.C. member <br />institution with five years' experience; {4} money manager who <br />specializes in corporate or government agency issues with a minimum of <br />five years' experience; or {5} five years' experience in investment <br />banking, venture capital and/or general management. <br />(ii) The charges to and duties of this Committee shall be: <br />a. to serve as an advisory body to the City Council on financial and <br />investment matters and operations related thereto; <br />b. to review five-year capital budgets and revenue projections and <br />make recommendations to the City Council; <br />C. to review the annual budget and make recommendations to the <br />City Council; <br />d. to review the annual audit and make recommendations to the City <br />Council; <br />e. to advise the Council on change and selection of auditors; <br />f. to study all fiscal issues and recommend possible improvements <br />and economies; <br />g. to develop and recommend an investment Policy that protects <br />to monitor investment performance and recommend changes as <br />appropriate. All such recommendations shall be approved by the <br />City Council. The City Manager shall execute any approved <br />investment decisions. <br />Resolution 55-21 Page 10 <br />
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