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Home My WebLink About09-397OCTOBER 13, 2009 09 -397 ORDINANCE FIRST READING (CARRIED LOST LAID OVER WITHDRAWN PURPOSE: APPROVE CREATION OF LONG RANGE FINANCE COMMITTEE INITIATED BY: DEPUTY MAYOR PALMERI A GENERAL ORDINANCE OF THE CITY OF OSHKOSH CREATING SECTION 2 -43.2 LONG RANGE FINANCE COMMITTEE The Common Council of the City of Oshkosh does ordain as follows: SECTION 1. That Section 2 -43.2 of the Oshkosh Municipal Code is hereby created to read as follows: SECTION 2 -59.2 LONG RANGE FINANCE COMMITTEE Membership and Terms. The Long Range Finance Committee shall consist of seven (7) members, two (2) of whom shall be City Council Members. At initial appointment, 1 member shall be appointed for a one (1) year term, 2 members shall be appointed for two (2) year terms, and 2 members shall be appointed for (3) year terms. Thereafter members shall be appointed and serve three year terms, except the terms of the City Council representatives shall be one (1) year terms. Purpose, Duties and Functions: The Long Range Finance Committee shall have the responsibility to advise the Common Council on policy issues related to the City's finances including areas such as policy development, communications, and the impact of state legislation and policy decisions of the Council. SECTION 2. This ordinance shall be in full force and effect from and after its passage and publication. SECTION 3. Publication Notice. Please take notice that the City of Oshkosh enacted ordinance #09- XXXAPPROVE CREATION OF LONG RANGE FINANCE COMMITTEE on October 27, 2009. The ordinance creates a Long Range Finance Committee to review and advise the Common Council on policy issues related to management of the City's finances including areas such as investments, budget policy, communications, debt management and the financial impact of state legislation and policy decisions of the Council. The full text of the ordinance may be obtained at the Office of the City Clerk, 215 Church Avenue and through the City's website at www.ci.oshkosh.wi.us Clerk's phone: 920/236 -5011.