There shall be a Finance Commission consisting of five (5) members with one (1) member being a member of City Council and four (4) members, residents of the City, appointed by the Council for staggered and overlapping terms of three (3) years. Any incumbents, as of this Charter's adoption, shall serve out their respective unexpired terms. The Commission shall provide oversight of the annual operating budget and make recommendations to Council. The Commission shall also act in an advisory capacity to the Council in matters pertaining to short and long range financial policy matters and funding for City operations. The Commission shall review and recommend changes to the City's Investment Policy.
(Amended 11-5-19)