Chapter 3.15
FINANCE COMMITTEE

Sections:

3.15.010    Finance committee – Established.

3.15.020    Annual appointment and consent.

3.15.010 Finance committee – Established.

A. The finance committee shall be permanently established as a regular committee of the City and Borough of Wrangell, Alaska.

B. Purpose. The finance committee exists in a purely advisory capacity to locate, investigate and, when suitable, recommend to the assembly prudent investments that the City and Borough of Wrangell may make in compliance with the provisions of Chapters 5.02 and 5.20 WMC, and other applicable local, state and federal laws. No recommendation of the finance committee shall be construed as binding on the assembly. However, the borough may rely on research and due diligence carried out by the finance committee.

C. Composition. The finance committee shall be composed of the borough manager, the finance director, two assembly members and one community member appointed by the mayor.

D. Term. The borough manager and the finance director shall serve by virtue of their employment for so long as they remain employed by the City and Borough of Wrangell in one of these capacities. The appointed assembly and community members shall serve at the pleasure of the mayor subject to consent of the assembly.

E. Meetings. The finance committee shall meet at least quarterly, or at the call of the finance director. [Ord. 1037 § 3, 2023; Ord. 974 § 3, 2020.]

3.15.020 Annual appointment and consent.

A. Appointment. The mayor shall appoint new and continuing appointed members of the finance committee at the first regular assembly meeting following certification of the regular election, at the start of the new term, pursuant to WMC 2.12.010 and 3.04.030.

B. Confirmation. Each member not serving by virtue of their employment with the borough pursuant to WMC 3.15.010, whether continuing or newly appointed, shall be subject to consent by the borough assembly.

C. Service. Newly appointed members shall serve immediately.

D. Replacement. Replacement appointments for any appointment not confirmed shall be put forward by the mayor at the next regular assembly meeting. [Ord. 1037 § 3, 2023; Ord. 974 § 3, 2020.]