The membership of this Committee shall consist of a minimum of five (5) and a maximun of ten (10) members which may include up to two (2) City Council Members who shall be voting members. Members shall meet at least one of the following qualifications; (1) five years accounting and financial experience in a public corporation, municipal government or privately held business; (2) financial officer of a public corporation with five years experience; (3) investment officer of a F.D.I.C. member institution with five years experience; (4) money manager who specializes in corporate or government agency issues with a minimum of five years experience; or (5) five years experience in investment banking, venture capital and/or general management.

Current Members

 More Information

• The Finance & Investment Committee currently has ten (10) members. Six (6) members are required for a quorum. 
• Meeting Dates-Community Calendar
• Committee Appointments, Powers and Duties, and Procedures (PDF 96k)
• Committee Rosters (PDF 90k)

The Charges to and Duties of this Committee shall be:

• To serve as an advisory body to the City Council on financial and investment matters;
• To assist in the development of five-year capital budgets and revenue projections;
• To reivew the annual budget and make recommendations to the City Council;
• To review the annual audit and make recommendations to the City Council;
• To study all fiscal issues and recommend possible improvements and economies; and
• To recommend investments to protect capital, provide adequate liquidity and generate market returns. All such recommendations shall be approved by the City Council. The City Manager shall execute any approved investment decisions.

 Updated: April 24, 2012