Finance & Investment Committee

Regular Meeting

  • 4:00 p.m.
  • The 1st Monday of the month
  • City Council Chambers

Agendas & Minutes

Agendas are available prior to the meetings. Minutes are available following approval.
View Most Recent Agendas and Minutes


Council Liaisons: Roger Spreen and Michelle Wu
  • Allan Epstein (Vice-Chair)
    Term Expires: October 2020
  • Kjell "Shell" Karlsson
    Term Expires: September 2019
  • Betty Kayton
    Term Expires: September 2019
  • Susan Mason
    Term Expires: April 2020
  • Christopher Nam 
    Term Expires: May 2020
  • Stanley Mok
    Term Expires: September 2021
  • Bill Silver (Chair)
    Term Expires: February 2022
  • Roddy Sloss (Secretary)
    Term Expires: September 2019
  • Chris Welborn
    Term Expires: April  2022
Associate Members
  • Jim Lai
  • Frank Lloyd

Committee Overview

The membership of this Committee shall consist of a minimum of 5 and a maximum of 9 members. The Mayor and Vice Mayor shall serve as non-voting Council liaisons. Members shall meet at least 1 of the following qualifications:
  • Five years accounting and financial experience in a public corporation, municipal government or privately held business
  • Financial officer of a public corporation with five years experience
  • Investment officer of a F.D.I.C. member institution with 5 years experience
  • Money manager who specializes in corporate or government agency issues with a minimum of 5 years experience
  • Five years experience in investment banking, venture capital and/or general management
The Finance and Investment Committee currently has 9 members. Five members are required for a quorum.
(updated: 12/14/2018)


The charges to and duties of this committee shall be to:

    a. to serve as an advisory body to the City Council on financial and 
    investment matters and operations related thereto;

    b. to review five-year capital budgets and 
    revenue projections and make recommendations to the City Council;

    c. to review the annual budget and make recommendations to the 
    City Council;

    d. to review the annual audit and make recommendations to the City 

    e.     to advise the Council on change and selection of auditors

    f. to study all fiscal issues and recommend possible improvements
    and economies; and

    g.     to develop and recommend an investment Policy that protects capital, provides adequate          liquidity and generate market returns at an acceptable level of risk.  

    h. to monitor investment performance and recommend changes as appropriate. All such                recommendations shall be approved by the City Council.  The City Manager shall                      execute any approved investment decisions.

    i. to monitor pension and OPEB obligations and recommend appropriate mitigation and                reserve policies.

Helpful Documents