§ 2.05.160. Council finance committee.

A.

There is created a standing committee of the city council known as the council finance committee. The finance committee shall:

1.

Review fiscal matters, as well as other related matters which the committee chair, city council or city council appointees determine are within the scope of the committee's review;

2.

Perform the functions of an audit committee (with respect to independent audits and internal audits relating to all city agencies and operations) as recognized by prevailing auditing practices; and

3.

Be responsible for liaison with citizen advisory bodies which deal with fiscal matters.

B.

The finance committee shall be composed of up to 4 members of the city council appointed by the mayor. If 4 members are appointed, 3 members shall constitute a quorum. No action of the committee shall be valid without the affirmative vote of at least 2 members.

C.

The finance committee shall, at its first meeting and from time to time thereafter, establish a regular meeting schedule, including time and place, and may hold such other meetings as it deems necessary or advisable. At least three (3) times each year, the committee shall convene as an audit committee. All of its meetings shall be held in accordance with the Ralph M. Brown Act or applicable successor statutes.

D.

The finance committee shall have minutes maintained of its meetings. The minutes shall be distributed to the city council.

(Ord. 6870 § 2, 2001; Ord. 6820 § 45 (part), 2000; Ord. 6792 § 1, 1999; Ord. 6737 § 1, 1997; Ord. 6229 § 2 (part), 1987)