Title
AD HOC FINANCE COMMITTEE FORMATION
Summary
Council Member Charles requested, supported by Mayor Pro Tem Jung, to agendize an item to consider forming an ad hoc finance committee.
Recommendation
Proposed Motion:
1. Create Ad Hoc Finance Committee composed of five Fullerton residents directly appointed by City Council Members meeting monthly between September 2024 and May 2025 to review short and long-term City financial and economic matters and recommend improvements to City financial and economic viability to City Council.
2. Direct staff to present Ad Hoc Committee progress and recommendations to City Council early in the 2025-26 budget planning process.
3. Direct staff to open recruitment for committee members and agendize appointments for the August 20, 2024 City Council meeting.