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File #: 22-508    Name:
Type: Appointment Status: Passed
File created: 5/5/2022 In control: City Council
On agenda: 7/11/2022 Final action: 7/11/2022
Title: Discuss and consider approval of the appointment of a Councilmember to the City Council Finance and Audit Committee.

PRESENTER: Presenter

Sandy Paulos, Director of Finance

 

Body

SUBJECT: Title

Discuss and consider approval of the appointment of a Councilmember to the City Council Finance and Audit Committee.

 

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DEPARTMENT: Finance Department

 

 

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COUNCIL DISTRICTS IMPACTED: City-wide

 

 

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.

 

The Committee scope 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.

 

A vacancy was created when Mayor Pro Tem Justin Meadows term ended. Council member Jason Hurta has expressed interest to the mayor in serving on the Finance and Audit Committee.

 

ISSUE:

City Council must select a member of City Council to serve on the Committee for a term aligned with term in office.

 

 

FISCAL IMPACT:

No fiscal impact.

 

Recommendation

RECOMMENDATION:

Staff recommends the appointment of a Councilmember to the City Council Finance and Audit Committee.