Subject
title
Financial Advisory Board FY 2024 Annual Report and FY 2025 Action Plan
end
Department
Finance
Recommendation
The Financial Advisory Board (“Board”) recommends that the Mayor and Council receive the FY 2024 Annual Report and review and approve the FY 2025 Action Plan.
Discussion
The Financial Advisory Board held a meeting on August 7, 2024, where they approved an Action Plan for FY 2025. The Board would like the Mayor and Council to review and approve the Action Plan. The Board believes that the Action Plan (attached) is consistent with the Board’s “Duties and Responsibilities” as outlined in the City Code.
In addition to the FY 2025 Action Plan, attached is the FY 2024 Annual Report. The Annual Report outlines the Board’s accomplishments for the prior fiscal year.
Mr. Bob Wright, Board Chair, will present these reports to the Mayor and Council.
Mayor and Council History
The Mayor and Council approved the FY 2024 Action Plan on October 2, 2023.
Boards and Commissions Review
The Financial Advisory Board approved the FY 2025 Action Plan on August 7, 2024.