Agenda

Back to Calendar Return

Consent-General Government # 17.

Board of Supervisors

Financial Services

Meeting Date:	09/13/2016
Brief Title: Ordinance Establishing Financial Oversight Committee
From:	Howard Newens, Chief Financial Officer, Department of Financial Services
Staff Contact:	Howard Newens, Chief Financial Officer, Department of Financial Services, x8217
Supervisorial District Impact:

Subject

Waive second reading and adopt first amendment to Ordinance No. 1450 establishing the Financial Oversight Committee. (No general fund impact) (Newens)

Recommended Action

Waive second reading and adopt first amendment to Ordinance No. 1450 establishing the Financial Oversight Committee.

Strategic Plan Goal(s)

Operational Excellence

Reason for Recommended Action/Background

On July 26, 2016, the Board of Supervisors introduced a proposed amendment to Ordinance No. 1450, waived the first reading and received public comment regarding the adoption of such amendment to the ordinance establishing the Financial Oversight Committee. The amendment essentially revises the membership requirements and imposes disclosure requirements that are more applicable to the functioning of a modern financial oversight committee.

Since no public comment was received, staff now recommends that the Board waive the second reading and adopt the amendment as proposed.

Collaborations (including Board advisory groups and external partner agencies)

Revisions were reviewed by members of the Financial Oversight Committee and approved by County Counsel.

Fiscal Impact

Fiscal Impact (Expenditure)
No Fiscal Impact
Total cost of recommended action:		$
Amount budgeted for expenditure:		$
Additional expenditure authority needed:		$
On-going commitment (annual cost):	$

Source of Funds for this Expenditure

Attachments
Att. A. Ordinance

Form Review

Inbox	Reviewed By	Date
County Counsel	Hope Welton	08/15/2016 09:15 AM
Form Started By: hnewens		Started On: 08/12/2016 03:42 PM
Final Approval Date: 08/15/2016