Posted on: March 29, 2017
City restructures Finance Committee
The Finance Committee is being restructured to help provide citizens who serve on the committee continuity and a deeper understanding of the financial issues impacting the city.
Changes to the committee were sponsored by Mayor Pat Hallisey and Council Member Hank Dugie and officially approved by City Council after a second reading of an ordinance on March 28, 2017.
“The length of terms of finance committee members have been on a one-year cycle which is hardly long enough to learn what’s going on across the city,” said Hallisey. “The rest of our boards and commissions are on two-year cycles and these changes provide more time for the committee members to absorb and get comfortable with all the data that they receive.”
Terms for committee members will now run for two-years from January 1 to December 31 instead of one-year staggered terms. Citizens currently serving on the committee will see their terms extended to Dec. 31, 2018. Additionally, committee members will also be required to automatically resign when a nominator leaves office.
Ordinance changes go into effect once approved by City Council.
“Committees such as this one provide different perspectives based on the members’ life experiences,” said Dugie. “By extending the terms, we are enabling the citizens who serve on this committee to truly understand the financial issues impacting the city and, in doing so, helping staff understand what’s important to the public so they can identify the best avenues to meet the needs of our growing community.”
The Finance Committee meets on the third Monday of every month to review the results of external audits, the city's financial statements, and any certification, report, or opinion that the auditors propose. Committee members also meet with the city's internal auditors to review their comments concerning the adequacy of the city's system of internal accounting controls and other matters, as appropriate; approves the investment activity and policies of the city; and reviews other financial and budget information.
Meeting agendas, minutes and information on who currently sits on the committee are available on the city’s website. Citizens interested in serving on any city committee must be eligible to vote in the City of League City. Visit www.leaguecity.com/boards for information on how to apply.