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


Councilmembers Roger Spreen and Michelle Wu
Member Term Expire Member Term Expire
Roddy Sloss (Chair) Sep 2023 Christpher Nam May 2020
Allan Epstein Oct 2020 Medha Rishi Sep 2023
Cheryl Breetwor-Evans Sep 2023 Chris Welborn Apr 2020
Susan Mason Apr  2020        
Stanley Mok Sep 2021        
Associate Members
  • Frank Lloyd
  • Jim Lai
  • Kjell Karlsson

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: 9/20/2019)


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