Res 2020-215/Finance and Audit Committee Comp Revision

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RESOLUTION NO. 2020-215R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS REVISING THE COMPOSITION OF THE FINANCE AND AUDIT COMMITTEE TO LIMIT THE STAFF MEMBERS OF THE COMMITTEE TO THE CITY MANAGER, ASSISTANT CITY MANAGERS, THE DIRECTOR OF PUBLIC SAFETY, AND THE FINANCE DIRECTOR, ADDING THE CITY ATTORNEY AS AN EX - OFFICIO MEMBER, AND PROVIDING THAT THE CITY COUNCIL MEMBERS ON THE COMMITTEE WILL BE THE MAYOR, MAYOR PRO -TEM, DEPUTY MAYOR PRO -TEM, OR ANOTHER CITY COUNCIL MEMBER APPOINTED BY THE CITY COUNCIL, IF THERE IS NO DEPUTY MAYOR PRO -TEM; CLARIFYING THAT THE ROLE OF THE COMMITTEE INCLUDES AUDIT PROCESSES; AND DECLARING AN EFFECTIVE DATE. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS TEXAS: PART 1. The previously established Finance and Audit Committee's composition is revised as follows: The Mayor, Mayor Pro -Tem, Deputy Mayor Pro -Tem, or another member of the Council, appointed by the Council, if there is no Deputy Mayor Pro -Tem, the City Manager, all Assistant City Managers, the Director of Public Safety and the Finance Director shall be voting members of the Finance and Audit Committee. The City Attorney shall be an ex -officio member of the Committee. PART 2. The Finance and Audit Committee shall provide oversight in matters pertaining to the finances of the City of San Marcos, Texas including but not limited to all audit processes that involve the City's financial operations, budget development process, design and implementation of utility rates, and review of financial policies. PART 3. The Finance and Audit Committee will review and approve or disapprove a board or commissions' requested amendment to the Council approved Standard Bylaws. PART 4. This resolution shall be in full force and effect from and after its passage. ADOPTED on October 7, 2020. ane Hughson Mayor jAtte ook Interim City Clerk