§ 2.141. Powers and duties.

(1)

The Finance Committee shall review and make recommendations as appropriate to the Chief Financial Officer, Mayor and City Council on any proposed non-pension investment, debt or asset management strategy.

(2)

The Finance Committee shall review and recommend guidelines according to which the City's debt, investment and other financial management policies will be conducted and monitored.

(3)

The Finance Committee shall periodically receive reports on the effectiveness of the City's various financial policies and strategies and make recommendations as appropriate to the Chief Financial Officer, Mayor, and City Council.

(4)

The Finance Committee may retain the services of a Financial Advisor and an Investment Consultant to assist in the performance of its functions.

(Ord. of 9-29-2003, § 2, Doc. #030929712; Ord. No. 2015-62, § 1, 12-7-2015, Doc. #1512071202)