The Committee on Finance and Property shall have the power to
call upon any agency of the City government to submit for inspection
by it the agency's books and vouchers, and to furnish any information
pertaining to the financial conduct of the departments. The Budget/Management
Analyst employed by the City Council shall have the same power and
authority.
[Amended 10-8-2008 by Ord. No. 171]
A. Establishment and composition. There is hereby established a Financial
Forecasting Committee. Such Committee shall be composed of nine members:
two members of the City Council and a citizen, appointed by the City
Council President; two ward School Committee members and a citizen,
appointed by the School Committee President; and a citizen, who shall
not be an elected official, appointed by the Mayor; the Finance Director,
and the School Department Business Manager. The City Council Budget/Management
Analyst shall be appointed as an ex-officio member.
[Amended 3-6-2013 by Ord. No. 21]
B. Term of appointment; vacancies. Each member shall serve for a term
of two years, or until a successor is appointed. The term of each
Committee member who is an elected official shall terminate on December
31 of each successive odd-numbered year. The term of each Committee
member appointed as a citizen representative shall terminate on December
31 of each successive even-numbered year. In the event of a vacancy
during a member's term, a successor shall be selected in the same
manner as the departing member for the remainder of the unexpired
term.
[Amended 4-16-2019 by Order No. 327]
C. Authority and responsibilities.
(1) The Committee shall consider financial goals and objectives, conduct
long-range financial planning, evaluate the City budget process, explore
ways to acquire revenue, and advise City officials on these matters.
Each official and employee of the City shall cooperate with the Committee
in the discharge of its duties.
(2) By the end of each calendar year, the Committee shall file a report
of its activities, projections, conclusions and recommendations with
the City Clerk, the School Committee, the City Council and the Mayor.