Irvine Municipal Code Div. 13 Finance Commission

There is hereby created a Finance Commission in and for the City.

(Res. No. 86-65, § 1, 5-13-86)

The Finance Commission shall be comprised of the same number of members as there are members of the City Council. All Commission members shall be residents of the City.

(Res. No. 86-65, § 2, 5-13-86; Ord. No. 24-20, § 2(Exh. A), 11-26-24)

The members of the Finance Commission shall be appointed by the City Council in conformance with Section 1-4-202 of the Irvine City Code.

(Res. No. 86-65, § 3, 5-13-86)

The Finance Commission shall have the duty to:

A. Act in an advisory capacity to the City Council in matters pertaining to short- and long-range financial planning and funding of City activities.

B. Review the City's general fund, capital improvement program and special funds budgets, including review of policies and procedures, time frames, format, service deliveries, funding alternatives, and City Council priorities. The emphasis should be on program and/or major expenditures.

C. Review proposals and make recommendations regarding new and increased revenue sources.

D. Advise Council of the fiscal impacts of franchise agreements and major contracts or in the instance of revisions to these agreements.

E. Review and make recommendations regarding City support or opposition to proposed State or federal legislation which impacts the City's finances.

F. Review proposals and make recommendations regarding service delivery alternatives.

G. Perform such other duties or studies as may be directed by the City Council.

It is not the purpose of the Finance Commission to advise on regular or routine financial administration, nor to become involved in other than the financial impact of the projects/programs they are asked to review. It is intended that the Finance Commission act in an advisory capacity only and that it not be vested with final authority in the establishment of priorities or the expenditure of funds.

(Res. No. 86-65, § 4, 5-13-86)

The City Council shall include in its annual budget such appropriations of funds as, in its opinion, shall be sufficient for the efficient and proper functioning of the Finance Commission.

(Res. No. 86-65, § 5, 5-13-86)

Each member of the Finance Commission shall receive as compensation a sum set by the City Council and may be allowed reasonable travel and other expenses actually incurred while traveling or engaged in business authorized by the Commission.

(Res. No. 86-65, § 6, 5-13-86)

Matters coming from the public including communications from community associations and civic organizations, to be assured of consideration and action at a meeting of the Finance Commission, must be received in writing at least 14 days preceding the Commission meeting. All written communications shall be sent out over the signature of the Director of Administrative Services or an officer of the Commission, so officially designated.

(Res. No. 86-65, § 7, 5-13-86)

A. The Finance Commission shall meet regularly at least once each month, at a time and place to be fixed by the City Council, and shall hold such other meetings as from time-to-time shall be called in the manner and form required by law, including the provisions of Division 15 of Title 1.

B. The meetings and procedures of the Finance Commission shall be subject to and governed by the resolutions and ordinances of the City Council establishing rules and regulations for commissions and committees.

(Res. No. 86-65, § 8, 5-13-86; Ord. No. 18-10, § 5, 11-13-18; Ord. No. 22-02, § 5, 4-12-22)

The Finance Commission shall have the power of appoint subcommittees of not more than two of its own members, and to appoint committees, as defined in Title 1, Division 4, Chapter 2 of the City Code, to perform tasks within their scope of responsibilities.

(Res. No. 86-65, § 9, 5-13-86)