PRESENTER: Presenter
Sandy Paulos, Director of Finance
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SUBJECT: Title
Discuss and consider the appointment of one Councilmember to the Finance and Audit Committee with an unexpired term ending May 31, 2027.
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DEPARTMENT: City Secretary
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COUNCIL DISTRICTS IMPACTED: All districts
BACKGROUND INFORMATION:
To formalize involvement and increase governmental transparency, the Finance and Audit Committee was created in 2019. The Committee serves in an advisory capacity to the City Council and is comprised of the Mayor, Mayor Pro Tem, and a City Councilmember.
With Councilmember Lawrence Spradley being elected as Mayor Pro Tem at a regular council meeting on May 27, 2025, it has created an opening for the City Councilmember seat on the Finance and Audit Committee. This seat was filled by Councilmember Lawrence Spradley and has an unexpired term of May 31, 2027. The scope of this committee includes regular updates on the completion of the Annual Comprehensive Financial Report, presentation and discussion on the organization’s financial reporting/analysis, investment strategies, long term financial planning efforts, budget development and other important financial policy issues. The Committee supports the City’s mission to increase transparency and maintain fiscal stability of all City operations.
ISSUE:
Council’s approval is needed for this action.
STRATEGIC PLAN REFERENCE:
☐Economic Mobility ☐Enhanced Connectivity ☐Community Identity
☒Organizational Excellence ☐Community Well-Being ☐N/A
FISCAL IMPACT:
N/A
Recommendation
RECOMMENDATION:
Staff recommends the appointment of a Councilmember to the City Council Finance and Audit Committee.