[4-8-2015; 2016 Code; 2-22-2017]
The Finance and Taxation Committee shall be composed of four
alderpersons, all of whom shall be designated voting members. The
word "committee" when used in this chapter shall be construed to mean
the Finance and Taxation Committee. Members shall be appointed by
the Mayor annually and shall serve for a term from their appointment
through the Monday preceding the third Tuesday in April of the succeeding
year. The Mayor shall designate one of the members as chairperson.
[4-8-2015; 2016 Code; 2-22-2017]
The meetings of the committee shall be on call of the chairperson.
[2-22-2017]
Two members of the committee shall constitute a quorum for doing
business. The secretary shall keep a record of all the proceedings,
subject to the inspection of any elector of the city.
[4-8-2015; 2016 Code; 2-22-2017]
The committee shall have the following duties:
(A)
To annually submit the city budget for public hearing and council
approval in the manner set forth in section 65.90 of the Wisconsin
statutes.
(B)
To annually establish the tax rate for tax collection purposes.
(C)
To give preliminary approval and make recommendations to the council
in matters concerning transfers of funds, investments, continuing
appropriations, reserve accounts and any other financial matter.
(D)
To audit all claims against the city and to make recommendations
to the council.
(E)
To oversee and make recommendations to the council regarding liability
risk management programs and property and liability insurance coverage.
(F)
To recommend to the council the purchase of land or buildings, or
the improvement of land or buildings, as may be required for the effective
operation of city departments, utilities or other enterprises.
(G)
To recommend to the council the sale or other disposition of surplus
or otherwise unneeded land or buildings previously used in the operation
of city departments, utilities or other enterprises.
(H)
To adopt policies and procedures for the expenditure of public funds.
