PREAMBLE The Amended and Restated Bylaws of the Finance Commission of the City of Irvine (“ Bylaws ”) were adopted by the City Council of the City of Irvine pursuant to Resolution No. 24-84 and pursuant to Irvine Municipal Code (“ IMC ”) Sections 1-4-201 and Division 13 of Title 2. 1. FINANCE COMMISSION CREATION, TITLE, AND AUTHORITY 1.1 Creation: The Finance Commission (“ Commission ”) was created under and continues to exist under Division 4 of Title 1 and Division 13 of Title 2 of the IMC. 1.1.1 IMC Title 1, Division 4 generally governs or otherwise regulates the Commission’s powers, duties, limitations, and general purpose. 1.1.2 IMC Title 2, Division 13 specifically describes the creation, composition, appointment, duties, and meeting procedures for the Commission. 1.1.3 IMC Title 1, Division 15 establishes generally applicable rules regarding public meetings, the conduct of public business, notice and agenda requirements, conduct at meetings, procedures for minutes and recordings, and other matters. 1.1.4 Title 1, Divisions 4, 15, and Title 2, Division 13 are subject to change, consistent with City Council policies and State law, and each such Division shall take precedence over these bylaws and over any procedures adopted by the Commission. 1.2 Title: The Commission officially shall be known as the “Finance Commission.” The term “Commission,” where used in these Bylaws, also shall refer to and mean the “Finance Commission.” 1.3 Duties: The Commission was formed pursuant to IMC section 1-4-201 to perform assigned duties, as follows: 1.3.1 Act in an advisory capacity to the City Council in matters pertaining to short- and long-range financial planning and funding of City activities. 1.3.2 Review the City's General Fund, Capital Improvement Program and Special Funds budgets, including review of policies and procedures, time frames, format, service deliveries, funding alternatives, and City Council priorities. The emphasis should be on program and/or major expenditures. 1.3.3 Review proposals and make recommendations regarding new and increased revenue sources.
2671/048170-0307 21229934.3 a12/12/24
-2-
Made with FlippingBook - Online magazine maker