City Council Meeting Date: October 4, 2016
To: Mayor and City Council
From: Ben Martig, City Administrator
Title
Consideration of Resolution Establishing Finance Policy Subcommittee Roles & Responsibilities.
Body
Action Requested:
Staff recommends approval of Resolution Establishing Finance Policy Subcommittee Roles & Responsibilities.
Summary Report:
Staff is recommending clarification of the roles and responsibilities of the Council Finance Policy Subcommittee. Furthermore, staff is recommending these roles and responsibilities be codified by resolution of the City Council. The purpose of council action is to have shared understanding of the roles and responsibilities at the full council level. We are not recommending an ordinance at this time as we are not yet comfortable with that permanent and formal of an action. We would like time to further evaluate this committee with possible adjustments in the coming year. Additionally, City Administrator Martig is evaluating a broader context of council committee structures to be discussed by the full council tentatively for a worksession in the first quarter of 2017 along with some other strategic governance discussions.
The Council Finance Policy Subcommittee had reviewed this agenda item at their regular meeting in August. They suggested some minor revisions for further review in September. The Council Finance Policy Subcommittee unanimously recommended bringing forward the roles and responsibilities for consideration of approval by the City Council.
The following is the language in the resolution as proposed:
The Council Finance Policy shall consider matters relating to the finances of the City of Northfield and such other related financial matters as they may be referred by the City Council. The Council Finance Policy Subcommittee shall only be advisory to the City Council. The matters shall include, but are not limited to, the following:
a) Review of new or amended financial management policies;...
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