Duties
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 Aldermen on 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.