12-005 M
1 ORDINANCE NO. 12 -005
2
3 AN ORDINANCE OF THE CITY COMMISSION OF
4 THE CITY OF BOYNTON BEACH, FLORIDA
5 AMENDING CHAPTER TWO, ARTICLE XVIII,
6 "FINANCIAL ADVISORY COMMITTEE ", SECTION 2-
7 243(b)(1) "MEMBERSHIP" BY AMENDING THE
$ QUALIFICATIONS FOR REGULAR MEMBERS;
9 AMENDING SECTION 2- 243(e)(2) "PRIVILEGES,
10 DUTIES AND RESPONSIBILITIES" ALLOWING THE
11 COMMITTEE TO SELECT ITS CHAIR AND VICE -
12 CHAIR; PROVIDING FOR CONFLICTS,
I3 SEVERABILITY, CODIFICATION AND AN
111 EFFECTIVE DATE.
1$
1¢ WHEREAS, the City Commission of the City of Boynton Beach, Florida
17 established a Financial Advisory Committee consisting of nine 9 members (seven (7) regular
1$ and two (2) alternate members) to review the impact of legislative and administrative
19 decisions on the City budget; and
WHEREAS, the Financial Advisory Committee has confirmed with the City Clerk
/1 that it is the only Committee or Board whose members could not elect its Chair and Vice-
2/ Chair; and
21 WHEREAS, the Financial Advisory Committee has requested that the City
14 Commission consider an amendment allowing the Committee to elect its own Chair and
/$ Vice - Chair; and
g WHEREAS, staff is also recommending an amendment to the City's Code of
1 Ordinances to better clarify the qualifications of regular members.
2$ NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
3,Q Section 1. The foregoing whereas clauses are true and correct and are now ratified
i
i 1 and confirmed by the City Commission. i
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1 Section 2. That Chapter 2, Article XVIII, Financial Advisory Committee,
2 Section 2- 243(b)(1) of the Boynton Beach Code of Ordinances is hereby amended as
3 follows:
4 Sec. 2 -243. Committee appointments and membership.
(a) All members shall be residents of or own property in the city, own a business
6 within the city or be an officer, director or manager of a business located within the city. No
7 member of the Committee shall serve on any other city board or committee.
$ 1 (b) (1) At least five of the regular members on the Committee shall have one of the
0 following qualifications:
10 a. Certified public accountant;
11 b. Accounting professional;
12 c. Finance prolesslonalAuditing;
13 d. Certified financial planner;
14 e. Investment advisor;
15 f. Insurance professional (property /casualty or health);
16 g. Business owner /manager;
(
1 7 h. MBA or MPA degree (with high levels of accountability /responsibilities with
$ budget and organizational oversight).
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1° i. Banking
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$0 j. Pension Plan Management
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'..1 k. Financial Planning & Management
(2) The remaining four members may be at large.
23 Section 3. That Chapter 2, Article XVIII, Financial Advisory Committee,
/4 Section 2- 243(e)(2) of the Boynton Beach Code of Ordinances is hereby amended as
follows:
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2 (e) Privileges, duties and responsibilities
3 1 (1) Privileges. Members will have voting privileges as set forth herein. Members
4 shall create and implement rules, policies and procedures necessary to carry out the
5 Financial Advisory Committee's purpose, in conformance with the provisions of the city's
6 Code of Ordinances and state law.
1 7 1 (2) The City ('ommissionregular members of the Financial Advisory Committee
8 shall vote to appoint a chair, who shall preside over the meetings of the Financial Advisory
9 Committee, and also vote to appoint a vice -chair who shall serve in the absence of the chair.
y 0 Section 4. All laws and ordinances applying to the City of Boynton Beach in
11 conflict with any provision of this ordinance are hereby repealed.
12 Section 5. Should any section or provision of this Ordinance or any portion
13 thereof be declared by a court of competent jurisdiction to be invalid, such decision shall not
14 affect the remainder of this Ordinance.
15 Section 6. Authority is hereby given to codify this Ordinance.
16 Section 7. This Ordinance shall become effective immediately.
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1 FIRST READING this 6 day of March, 2012.
2 SECOND, FINAL READING AND PASSAGE this a day of MArcH, 2012.
3 CITY F BOYNTON BEACH, FLORIDA
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6 Mayor • • • •,, L. Hay
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9 Vi e Ma -- Milli•. brlove
110 /
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14 ______ %
15 Commissio • — e Hol
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18 Commissioner — Marlene Ross
19 ATTEST:
Ja et M. Prainito, MMC
2b 'rty Clerk
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2s F ,
7 Xoxpo ea 4 "k
i t
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