The Audit and Finance Committee is the fiscal watchdog for the City. The committee has five members: three citizens from the community, appointed by the Mayor, and two members from the Board of Aldermen. The Mayor and City Administrator are ex-officio members.
The committee is staffed by the Director of Finance. The members serve a term of two years and are staggered. Current members include:
Chairman, Bill Ward
Peter W. Bitzer
Alderman Ben Toben
Alderman Rich Baumann
The duties of the committee are to:
Review the annual budget, consider proposed budget amendments, consider changes requested by departments and commissions not already included in the budget, and make recommendations for changes to the Mayor and the City Administrator
Participate at the aldermanic budget discussions
Review quarterly financial statements for budgetary control and sound management practices
Review the results of the annual audit with the auditing firm and present the results of the audit to the Board of Aldermen
Make recommendations to the Mayor and Board of Aldermenon the need for implementation of studies to improve results in broad areas of management, organization, and operation functions
Review long-term improvement plans for capital improvements and parks and storm water
Review investment reports on at least a quarterly basis and actions taken since the last review
Perform such other duties as may be assigned by the Mayor and the Board of Aldermen.