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HomeMy WebLinkAbout12-18-12-08a - Resolution - 12/18/2012 RESOLUTION NO. /2'/2 - 12 - 8a A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS CREATING A CITY COUNCIL STANDING COMMITTEE FOR BUDGET AND FINANCE. WHEREAS, the City Council has deemed that a financially sustainable city be included as a strategic initiative for the City of College Station; and WHEREAS, the City Council desires to take an active role in reviewing the key finance and budget policies of the City; now therefore BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS: PART 1: That a Standing Committee for Budget and Finance (the "Committee ") is created and shall consist of at least two (2) but no more than three (3) members of the College Station City Council. PART 2: That of the Committee Members appointed, the City Council will select the Chairperson of the Committee. PART 3: That Committee Members shall be appointed to one (1) year terms. PART 4: That the purpose of the Committee may be to review all fiscal and budgetary policies; the city investment policy; the city purchasing policies; policy matters that affect the city from the Government Accounting Standards Board (GASB), state and federal government, as well as others that may have an impact on the financial policies of the city. PART 5: That the Committee may assist in the development of the formal staff recommendation(s) for items that require action by the City Council. PART 6: That the Committee shall meet only as needed or at the call of the Chair. PART 7: That the Budget and Finance Committee may be dissolved by resolution of the City Council. PART 8: That this Resolution shall take effect immediately from and after its passage. ADOPTED this / 0 77-- day of Dee-- , A.D. 2012. ATTEST: APPROVED: ity Secret MAYOR APPROVED: (P4k 8/� City Attorney