Sec. 2-292. - Financial review committee.

(a)

There shall be a financial review committee whose duty shall be to review the financial records, budgetary concerns, and other issues of fiscal import.

(1)

The financial review committee shall take no actions that are binding upon the City.

(2)

The financial review committee shall have the authority to seek the expertise of consultants.

a.

Any expenditure of funds related thereto must be approved by the mayor or the council.

(3)

The financial review committee may make requests of the mayor or the council for information, including, but not limited to, requests that the mayor or the council make certain personnel available to give presentations regarding fiscal issues.

(b)

The financial review committee shall meet at least quarterly.

(c)

The financial review committee shall publicly issue a quarterly update regarding status of capital projects and requests for capital funding.

(d)

The financial review committee shall be comprised of the following:

(1)

The mayor or the mayor's designee.

(2)

The council president or the council president's designee.

(3)

The finance director.

(4)

The planning director.

(Ch. 770, § I, 6-2-20)