The following matters shall be referred to the Finance Committee without further action by the City Council as a whole or the City Manager, for its review and recommendation:

1. The annual financial audit, management letter, and City Manager’s response.
2. Financial policies recommended by the City Manager or the City Council for adoption.
3. Revenue and expenditure assumptions contained in the Five-Year Financial Forecast.

The Finance Committee may provide advice and provide recommendations to the City Council as a whole or to the City Manager on the following matters:

1. Integration of the Council Goals with the City’s financial plan.
2. Development of, and updates to, a long-range financial strategy to ensure the provision of sustainable community services.
3. Any other matter concerning the City’s financial planning referred by the City Council as a whole or by the City Manager.

The committee adheres to the approved Salem City Council Policy Manual.

• Staff Report to Establish Committee
• 2016-038 Council Resolution Establishing a Joint Advisory Finance Committee for the City of Salem and the Urban Renewal Agency of the City of Salem