The Ways and Means Joint Committee is an on going "standing" committee. The Ways and Means Joint Committee shall:
(A) Study and become familiar with the state mandated format for annual municipal budgets;
(B) Review the tentative budget submitted by the Mayor to the City Council and give recommendations to the City Council concerning the tentative budget in connection with the City Council's consideration of the tentative budget;
(C) Review of all sources of revenue and development of income estimates.
(D) Review of all departmental, committee, board, general government and other expenses budges;
(E) Periodically review actual revenues and expenditures as compared to budgeted amounts for the current year, evaluating variances and reasons for variances. Recommend necessary modifications;
(F) Review all policies and procedures regarding ways and means and make recommendations as appropriate;
(G) Review all other matters pertaining to city finances and by which the name of the committee implies;
(H) Carefully examine into and report upon all matters referred to them by the mayor and council and use due diligence thereon;
(I) Meet no less than monthly; and
(J) Be provided administrative support and materials as deemed necessary by the Mayor to assist in carry out the aforementioned duties.
(Ord. 03-820, passed 10-27-03)