[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.