Agendas & Minutes
Finance Committee agendas are available prior to the meetings. Minutes are available following approval.
View Agendas and MinutesMembers
Composition
Except as otherwise provided in this article, each standing committee shall consist of at least three alders, one of whom shall act as chairperson. The Council president shall designate the chairperson at the time of nominations, or the first person named for each committee shall be the chairperson according to Robert's Rules of Order. The second person named shall be vice-chairperson.
Summary of Duties
The Finance Committee oversees appropriations for expenditures from the City budget and fund accounts, oversees the actions and affairs of the City Treasurer, the Assessor, the Board of Review, the TIF District Advisory Committee, and the Community Development Authority and review all bills and claims submitted. The committee reviews the annual budget, the borrowing of funds, the issuance of revenue bonds, the purchase or lease of real or personal property, the sale of city property, insurance coverage and policies and labor contracts. Additional duties include reviewing the levy or imposition of any tax or forfeiture, the levy of taxes and special assessment and to oversee the disposition of any personal property which has been abandoned or remained unclaimed.