City Council Resolution 86-65
The City Council recognizes the importance of economic and financial affairs with regard to the proper functioning of the City. High importance is placed on citizen participation provided through a Finance Commission which has expertise in financial management.
View meeting agendas and minutes here.
Purpose: Give advice to the City Council regarding the funding of activities and programs; review actual vs. planned revenue and expenditure levels to help ensure efficiency.
Supporting Department: Financial Management & Strategic Planning
Power: Advisory only
Appointments by City Council
Five (5) members at large are appointed by the City Council. Currently, the following individuals serve on the Commission:
Chair John Park
(Appointed by Anthony Kuo)
Vice Chair Faruk Bhagani
(Appointed by Farah N. Khan)
Commissioner Mike Genest
(Appointed by Michael C. Carroll)
Commissioner Lauren Johnson-Norris
(Appointed by Larry Agran)
Commissioner Magi Yang
(Appointed by Tammy Kim)
Finance Commission Duties
Advise in Financial Planning and Funding
Act in an advisory capacity to the City Council in matters pertaining to short and long range financial planning and funding for City activities.
Review City's Financial Documents
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.
Recommend policies for the acquisition, development and improvement of land and facilities.
Fiscal Impact on Major Contracts
Advise Council of the fiscal impacts of franchise agreements and major contracts.
Review and make recommendations regarding City support or opposition to proposed state or federal legislation which impacts the City's finances.
Review Service Delivery
Review proposals and make recommendations regarding service delivery alternatives.
Take Direction from City Council
Perform such other duties or studies as may be directed by the City Council.