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.
Header
DEPARTMENT: Finance Department
Body
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.