[NRO 1975, T. 4, § 1001; NRO 1987,
§ 2-766; amended 2-13-2001 by Ord. No. O-01-125]
A.
The finances and accounts of the City shall be under
the supervision of a Finance Committee composed of the Mayor and three
Aldermen at Large and three ward Aldermen. The three ward Aldermen
and three Aldermen at Large shall be appointed by the President of
the Board of Aldermen and the Mayor shall act as Chairman.
B.
The Finance Committee shall meet on the first and
third Wednesday of every month, unless this date falls on a holiday,
in which case the meeting shall be held on the first regular business
day following the holiday. The Mayor may change the date of the Finance
Committee meeting if the warrant is the only item on the agenda or
call a special meeting of the Finance Committee, duly noticed. The
Committee shall supervise the finances and accounts of the City. The
Committee shall carefully examine and audit all accounts and demands
properly laid before it to determine that they were charged to appropriate
funds and accounts.
[Amended 11-28-2006 by Ord. No. O-06-46; 8-12-2008 by Ord. No. O-08-22; 9-27-2011 by Ord. No. O-11-85]
C.
The Finance Committee shall approve, in advance and
by separate vote, any payment made to a City employee or former City
employee on account of said employee's separation from service to
the City, if such a payment includes any amount other than wages or
salary for work actually performed and accrued benefits owed.
D.
The Finance Committee shall function as standing committee
of the Board of Aldermen and shall be subject to the same rules of
procedure as the Board of Aldermen for its administrative review and
approval of all purchases and contracts, as designated by the Board
of Aldermen.
[Added 12-11-2007 by Ord. No. O-07-146]
E.
The Finance Committee shall function as an independent
body and adopt its own rules of procedure for supervising the finances
and accounts of the City, as provided for under the City Charter.
[Added 12-11-2007 by Ord. No. O-07-146]
