Board Vacancies Financial Advisory Board

Transcription

1 Board Vacancies Financial Advisory Board August 22, 2017 Vacancies: 3 Total membership: 7 Applicant Name Michele Ferrara, Incumbent* Antonio J. Grau, Incumbent Malinka S. Nyitray, Incumbent Resident X X X Vacancies due to the term expirations of Michele Ferrara, Antonio Grau and Malinka S. Nyitray *Ms. Ferrara is unable to interview due to work commitments but still wishes to be considered for reappointment. Year Appointed Current membership - 3 Year Terms Term Expires Lenore Wachtel Aug. 26, James Newill Aug. 26, Thomas Zeichman Aug. 26, Jay H. Abrams Aug. 26, Malinka S. Nyitray Aug. 26, Michele Ferrara Aug. 26, Antonio J. Grau Aug. 26, 2017 Membership qualifications Members must be a resident and/or elector of the City.

2 DIVISION 7. FINANCIAL ADVISORY BOARD Sec Established; membership. A financial advisory board is hereby established, consisting of 7 regular members. The members shall serve for staggered terms of 3 years. Members of the board shall be appointed from the residents and electors of the city and shall be known to have expertise applicable to municipal finance. (Code 1966, 2-201(a) -- (c); Ord. No. 3885, 1, ) Sec Quorum. Four members in attendance shall constitute a quorum of the financial advisory board. (Code 1966, 2-201(d); Ord. No. 3885, 1, ) Sec Compensation. The members of the financial advisory board shall serve without compensation. (Code 1966, 2-201(g)) Sec Organization; meetings; procedures; records. The financial advisory board shall select its own chairman, vice-chairman and secretary at an election beginning at the date of organization and annually thereafter. The board shall adopt reasonable rules of procedure to govern the conduct of its business and the holding of hearings. At least 1 regular meeting of the board shall be held each month and special meetings may be called by the chairman or any 4 members of the board. Action by or decision of the board shall be determined by motions duly moved and seconded and carried by a majority vote of the members present. The board shall keep a permanent record of its proceedings, and shall file approved minutes of its meetings with the city council within 30 days of the date of any such meeting. All meetings, records and files of the board shall be open and available to the public. (Code 1966, 2-201(h); Ord. No. 3885, 1, ) Sec Staff, other assistance. The financial services director shall advise and assist the financial advisory board in all its deliberations on matters of finance. The city manager shall provide such staff and clerical assistance as the board may require in the performance of its duties. The board may call upon any department or agency of the city for information or advice in the promotion of its work. The board, on council approval, may accept grants or other monetary or physical assistance to aid it in its work. (Code 1966, 2-201(i); Ord. No. 4170, 29, ) Sec Duties and powers. (1) The financial advisory board shall have the following duties, powers and responsibilities: (a) Conduct ongoing, selective review of the annual budget and capital improvement programs with a view towards recommendations on format and content. (b) Conduct ongoing, selective review of all rates and fees charged for city services. The board may submit written comments and recommendations to be received by the city manager and city council each year by May 1. (c) Review the annual financial audit report and management letter concerning the city's fiscal status, practices and procedures. Copies of the report shall be forwarded by the city manager to the board promptly after receipt from the auditor.

3 The board shall provide its comments and recommendations, including any pertinent comments relative to the status of all city special and reserve funds, within 30 days after receipt of the audit report from the city manager. (d) Submit a written recommendation to the city council for all proposed bond issues and refunding agreements. (e) Review, when the city council or city manager deems it advisable, the fiscal notes prepared for proposed ordinances and resolutions involving significant financial consideration. The board shall respond to such city council requests with written comments and recommendations within 10 days of receipt of such requests from the city manager. (f) Perform special studies upon the board's own initiative or upon the request of the city council on matters that could either directly or potentially have financial impact upon the city or could provide financial aid or assistance to the city. Such studies may include, but not be limited to, the interim as well as long-term aspects of the budgetary process, proposed legislation, programs, policies or regulations of other governmental bodies or agencies. (2) Except as may be specifically provided by other ordinances of the city, the actions, decisions and recommendations of the financial advisory board shall not be final or binding on the city council but shall be advisory only. (Code 1966, 2-201(j), (k))

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