HomeMy WebLinkAbout7202 RESOLUTION NO. 7202
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, ESTABLISHING A CITIZEN'S FINANCIAL ADVISORY
COMMITTEE
WHEREAS, the City of Arcadia is facing increasing fiscal stress as a result of
changes in to CaIPERS discount rate; and
WHEREAS, the City Council has expressed their desire for broad public
participation to determine potential revenue and expenditure adjustments to address the
City's long-term financial outlook; and
WHEREAS, on February 6, 2018, the City Council directed the establishment of
a Financial Advisory Committee consistent with the staff report of February 6, 2018.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA
RESOLVES AS FOLLOWS:
SECTION 1. ESTABLISHMENT OF COMMITTEE — OPEN MEETING LAW. A
Citizen's Financial Advisory Committee ("Committee") is hereby established. It is subject
to the California Open Meeting Law (the "Brown Act") and shall conduct all business in
accordance therewith.
SECTION 2. COMPOSITION. The Committee shall have a minimum of five (5)
or a maximum of seven (7) members appointed at-large by the City Council. Committee
members shall be registered voters of the City of Arcadia, and hold no other City office
or employment.
SECTION 3. PURPOSE. The Committee shall provide input to the City Council
on the City's long-range financial forecast and provide recommendations to the City
Council for revenue enhancements and cost containment.
SECTION 4. LIMITATIONS. Except otherwise provided in Section 3, the
Committee shall not make recommendations on policy issues or seek public input on
programs, policies, or procedures that are within the power and authority of the City
Council. Unless approved by official action of the City Council, the Committee's role,
function, and scope of work shall be as set forth in this Resolution.
SECTION 5. FUNCTION AND DURATION OF COMMITTEE. Upon
appointment, the Committee shall convene and establish a regular meeting schedule
and select one of their members as Chairperson and another as Vice-Chairperson for
purposes of presiding at the meetings with the Vice-Chairperson substituting for the
Chairperson in the absence of the latter. The Committee shall provide the City Council
with a report summarizing its activities and rendering its advice including specific
recommendations and supporting rationale.
The Committee shall meet for a period of no longer than six (6) months and may
conclude its work earlier following a majority vote of the Committee. A final report shall
be submitted to the City Council within sixty (60) days of the final meeting of the
Committee, and within the six (6) month period. Upon conclusion of the sixty (60) day
period, the Committee's term shall expire and the Committee shall no longer be in effect.
SECTION 6. COMMITTEE SUPPORT. The Committee shall be assisted by the
City Manager, who shall assign City staff as needed, in his discretion, to provide
information to the Committee. The City Manager or his designee shall serve as an ex-
officio member of the Committee. The City Manager, or his designee, shall provide
background information to the Committee, including input regarding municipal finance,
fund accounting, revenues and expenditures, service delivery, legal limitations, and other
-2-
related issues. The Committee shall not expend any City funds in support of its work,
except for such funds as first approved by the City Manager.
SECTION 7. The City Clerk shall certify to the adoption of this Resolution.
Passed, approved and adopted this 20th day of February , 2018.
Mayor of the City of Arcadia
ATTEST:
Clerk
APPROVED AS TO FORM:
gi ,Jc?
l
-e/l/ e-e
Stephen P. Deitsch
City Attorney
-3-
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, GENE GLASCO, City Clerk of the City of Arcadia, hereby certifies that the
foregoing Resolution No. 7202 was passed and adopted by the City Council of the City of
Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said
Council held on the 20th day of February, 2018 and that said Resolution was adopted by
the following vote, to wit:
AYES: Beck, Chandler, Verlato, Tay, and Amundson
NOES: None
ABSENT: None
/ City Clejk of the'City of Arcadia
4