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Res 58-09RESOLUTION NO. 58-09 A RESOLUTION OF THE CITY COI~pvIISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AMENDING RESOLUTION 55-09 WHICH CREATED THE BUDGET Fi;.EVIEW COMMITTEE IN ORDER TO CHANGE THE NAME TO THE FINANCIAL REVIEW BOARD AND TO EXPAND THE RESPONSIBILITY OF THE BOARD; PROVIDING AN EFFECTNE DATE. WHEREAS, the City Camxn.issian of the City of Delray Beach, Florida, desires to rename the Budget Review Committee to the Financial Review Baard in order to be mare in line with the responsibilities and functions of the board; and WHEREAS, the City Commission desires to expand the responsibilities of the Financial Review Baard to not only include the review of the City's budget, systems and procedures, technology improvements, or related materials and concepts and make recommendations regarding revenues, salaries and benefits, operating expenses, debt service expenses, capital outlay, grants to other entities and transfers to other funds or any other items that may favorably impact the City's budget and overall financial condition, but shall also include analysis of revenues and expenses and business practices and processes. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That the Budget Review Carrunittee shall hereinafter be renamed to the Financial Review Baard. Section 2. That the Financial Review Board shall be responsible far reviewing the City's budget, systems and procedures, technology improvements or related materials and concepts and shall make written recommendations regarding revenues, salaries and benefits, operating expenses, debt service expenses, capital outlay, grants to other entities and transfers to other funds ar any other items that may favorably impact the City's budget or financial condition as well as analysis of revenues and expenses and business practices and processes. ~~ PASSED AND ADOPTED in regular session on the ~ day of , 2009. MAYO Attest: f5`~~\ ~\\ City Clerk Page 1 of 1 MEMORANDUM TO: Mayor and City Corrunissianers FROM: R. Brian Shutt, City Attorney DATE: October 29, 2009 SUBJECT: AGENDA ITEM $.G. - REGUL..AR COMMISSION MEETING OF NOVEMBER 3 2009 RESOLUTION 58-09 ITEM BEFORE COMMISSION Resolution 58-09. BACKGROUND The attached resolution amends Resolution 55-09 by renaming the Budget Review Committee to the Financial Review Board and to provide that the board's duties shall also encompass an analysis of the revenues and expenses and business practices and processes of the City. F~ECOMMENDATION Commission approval of Resolution 58-09. http:l/www.mydelraybeach.comlAgendastBluesheet,aspx?ItemID=2782&MeetinglD=223 11/4/2009 RESOLUTION NO. 5-09 A RESOLUTION DF T'HE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, A1VIENDING RESOLUTION 55-Q9 VVI-IICH CREATED THE BUDGET REVIEW COIti~1JITTEE IN ORDER TO CHANGE THE NAB TO T'IdE FINANCIAL REVIEW BOARD AND TO EXPAND THE RESPC}NSIBILITY OF THE BOARD; PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Commission of the City of Delray Beady Florida, desires to rename the Budget Review Committee to the Financial Review Board in order to be rr~are in line with the responsibilities and functions of the board; and WF~ RE AS, the City Comn>iss~on ciesfxes to e~~and the responsibilities of the Financial Review Board to not only include the review of the City's buGiget, systems and procedures, technology improvements, or related materials and concepts and rr~~ke recorrnnendations reg~ revenues, salaries and benefits, operating exper~es, debt service expenses, capital outlay, grants to other entities and transfers to other funds or any other items that may favorably irrtpact the Cit~s budget and overall financial condition, but ~ also include analysis of revenues and expenses and business practices and processes. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELIZAY BEACFJy FLORIDA, AS FOLLOWS: Section 1. That the Budget Review Cart~rnittee shall. hereinafter be renarr~d to the Financial Review Board Section 2. That the Financial Review Board shall. be responsible far reviewing the City's bud;,et, systems and procedures, techrtolagy irrrpmvexr~ents or related rr~aterials and concepts oral shall.. make written recomm~'ndations n~rduZg revenues, salaries and benefits, operating exper, debt service expenses, capital outlay, grants to other entities and triers to other funds ar any other items that may favorably izr~aact trte City`s budget or finial condition as v+~ll as analysis of revenues and expenses and business practices and processes. PASSE D AND ADOPTED in r~~;ular session on the day of , 20Q9. MAYO R Attest: City Clerk