HomeMy WebLinkAbout09 - City Council Finance CommitteeCity Council Meeting
CITY OF NEWPORT BEACH December 2000
Agenda Item it 9
ADMINISTRATIVE SERVICES DEPARTMENT
Resource Management Division
November 29, 2000
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Dennis Danner, Administrative Services Director 40. �,
SUBJECT: CITY COUNCIL FINANCE COMMITTEE
DISCUSSION:
The City Council established a Finance Committee by Resolution on December 12, 1994.
Membership on the Committee consisted of the Mayor and two (2) City Council Members. The
term of the Committee was indefinite, pending City Council action. The duties of the Committee
varied, but it was primarily responsible to review and monitor events and issues, which may have
had a financial impact on the City. In addition, the City's Investment Advisors reviewed the
City's investments with the Committee on a quarterly basis. The Committee was disbanded by
Resolution No. 98 -32, which was adopted on May 11, 1998.
At the Council Meeting of November 28, 2000, Council Member Gary Adams asked that an item
be placed on the City Council Agenda for December 12, 2000, to discuss and reestablish the
Finance Committee.
RECOMMENDATION:
That the City Council consider the adoption of Resolution No. 2000 - which would
reestablish the Finance Committee.
RESOLUTION NO. 2000 -
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH ESTABLISHING THE FINANCE COMMITTEE.
WHEREAS, the City Council is the primary guardian of public funds; and
WHEREAS, appropriations, expenditures and other budgetary matters are a primary concern of
the City Council; and
WHEREAS, the City Council has adopted various policies regarding financial matters; and
WHEREAS, the City Council has adopted policies regarding income property and annexations
which may have an impact on the Citys finances; and
WHEREAS, the City Council desires to appoint a committee to review all finance matters;
NOW, THEREFORE be it resolved by the City Council of the City of Newport Beach that the
Finance Committee is hereby established as follows:
1. The membership shall consist of the Mayor and two Council Members, one of whom shall be
appointed chairperson. Appointment shall be made by the Mayor and confirmed by the full City
Council.
2. Meetings shall be called by the Chairperson or Mayor as needed.
3. Staff support shall be provided primarily by the City Manager and the Finance Director and by
other staff as necessary.
4. The duties of the Committee shall be as follows:
(a) Review and monitor events and issues which may affect the financial status of the City;
(b) Make recommendations to the City Council regarding amendments to the financial and
budgetary policies;
(c) Recommend actions to the City Council to further the aims of the Finance Committee's
policies;
(d) Review the activities of staff regarding the preparation of the Citys budget and other fiscal
matters consistent with City Council policy;
(e) Review the activities of staff as outlined in the City Council Income Property Policy;
periodically review and inventory all City -owned income property; and make
recommendations to the full City Council related to the management of income property.
(f) Review the activities of staff pursuant to personnel and labor related issues and make
recommendations to the City Council related to these issues.
5. The term of this committee shall be indefinite pending City Council action.
ADOPTED this 12th date of December 2000.
MAYOR
ATTEST:
CITY CLERK