HomeMy WebLinkAboutcover memoCITY OF MIAMI, FLORIDA
CA.6
INTER -OFFICE MEMORANDUM
TO :
FROM :
Honorable Mayor and Members
Of the City ComiQn
Jo A�iola
Ci M nager
DATE :
SUBJECT:
REFERENCES:
ENCLOSURES:
NOV 2 5 2003
Broadening the Duties of
The City of Miami
Finance Committee
FILE :
Adminiltrative Recommendation:
It is respectfully recommended that the City Commission adopt the attached resolution
authorizing the broadening of the scope of the City of Miami Finance Committee.
Backaround:
Resolution 98-631, as amended by resolution 98-767 established the City of Miami Finance
Committee to adopt a debt management policy.
The current policy limits the role of the Committee to review and provide guidance to the
issuance of debt and the management of existing outstanding debt obligations. The Committee is
recommending to include other financial topics such as a) Risk Management and Insurance, b)
Compensation, Benefits, and Pensions, c) Financial Matters, d) Debt Restructuring, e)
Investments, f) Financial Consultants g) Other matters related to allied with, or incidental to the
any of the forgoing.
The City's Finance Committee and City Staff recommends the changes as outline in the proposed
resolution.
a�H JA/LM /ss