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ORDINANCE NO. 3 919
AN ORDINANCE OF THE CITY OF HUNTINGTON BEACH
AMENDING CHAPTER 2.109 OF THE HUNTINGTON BEACH MUNICIPAL
CODE CREATING THE FINANCE ADVISORY BOARD
The City Council of the City of Huntington Beach does hereby ordain as follows:
SECTION 1. Section 2.109.010 of the Huntington Beach Municipal Code is hereby
amended to read as follows:
2.109.010 Creation. There is hereby created a Finance Advisory Board.
SECTION 2. Section 2.109.020 of the Huntington Beach Municipal Code is hereby
amended to read as follows:
2.109.020 Conmi2osition. The Finance Advisory Board shall consist of up to seven(7) members.
Each City Council Member may appoint one member of the Board to serve the same term as the
City Council Member.
SECTION 3. Section 2.109.030 of the Huntington Beach Municipal Code is hereby
amended to read as follows:
2.109.030 Purpose. The Finance Advisory Board shall act in an advisory capacity to the City
Council in matters pertaining to financial planning.
SECTION 4. Section 2.109.040 of the Huntington Beach Municipal Code is hereby
amended to read as follows:
2.109.040 Duties. The Finance Advisory Board shall have the duty to:
(a) Prepare an Annual Report to the City Council. In preparing this report, the Board shall
review the adopted Budget, Annual Financial Audits, Capital Improvement Plans/Budgets, and
any other financial information determined by the Board to be applicable to its annual report.
The report shall include any recommendations by the Board pursuant to 2.109.040(b)below.
(b) Review and make recommendations regarding:
(1) Fiscal Policies
(2) Annual Financial Audit including review of the Management Letter from the
City's independent financial auditor
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Ordinance No. 3919
(3) Debt and Cash Management
(4) Capital Improvement Plans and Capital Improvement Budgets
(5) Long Term Financial Plans
(6) New and Increased Revenue Sources
(7) Proposed State or Federal Legislation which impacts the City's finances
(c) Meet on a quarterly basis.
(d) Perform such other duties or studies as may be directed by the City Council.
SECTION 5. Section 2.109.050 of the Huntington Beach Municipal Code is hereby
amended to read as follows:
2.109.050 Authority.
(a) It is intended that the Finance Advisory Board act only in an advisory capacity and not be
vested with final authority in the establishment of priorities or the expenditure of funds.
(b) The Finance Advisory Board shall not interfere with the duties of any elected or
appointed officer specified in the City Charter.
SECTION 6. Section 2.109.060 of the Huntington Beach Municipal Code is hereby
amended to read as follows:
2.109.060 Operating Policies. Except as otherwise provided in this ordinance,the Finance
Advisory Board shall conform to operating policies for Boards and Commissions as set forth in
Chapter 2.100 of the Huntington Beach Municipal Code.
SECTION 7. Section 2.109.080 of the Huntington Beach Municipal Code is hereby
amended to read as follows:
2.109.080 Brown Act. Meetings of the Finance Advisory Board shall be subject to the open
meeting law.
SECTION 8. Section 2.109.090 of the Huntington Beach Municipal Code is hereby
amended to read as follows:
2.109.090 Powers of Appointment. The Finance Advisory Board shall have the power to
appoint subcommittees of not more than three (3) of its own members to perform tasks within the
scope of duties.
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Ordinance No. 3919
SECTION 9. This ordinance shall become effective 30 days after its adoption.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a
regular meeting thereof held on the day of , 2011.
Mayor
ATTEST: APPROVED AS TO FORM:
City Clerk City Attorney Ito IMM t\
REVIE D APPROVED: INITIATED AN APPROV D:
y Twafger Finance Director
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