AGENDA TITLE:
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Adopt a Resolution Repealing and Replacing the Finance Committee Resolution to Update Committee Membership, Objectives, and Appointment Guidelines (IS-FIN)
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MEETING DATE:
August 19, 2026
PREPARED BY:
Jamie Bandy, Administrative Services Director
recommendation
RECOMMENDED ACTION:
Adopt a Resolution repealing the existing Finance Committee resolution and replacing it with an updated resolution revising the committee membership, objectives, and appointment guidelines.
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BACKGROUND INFORMATION:
At its August 20, 2025, meeting, the City Council adopted a resolution establishing the Finance
Committee as a standing advisory committee to provide recommendations to the City Council on
matters related to financial policies, internal controls, investments, annual financial reporting, and
budget policy. The Committee currently consists of two City Council members and one Lodi
resident with financial expertise.
Since the Committee's establishment, staff has evaluated the Committee's structure and identified an opportunity to strengthen its effectiveness by expanding its community representation from one to three members. Increasing the number of community members will provide additional financial expertise, broader community representation, and a greater diversity of perspectives when reviewing complex financial matters. The expanded membership will also enhance the Committee's ability to provide thoughtful recommendations to the City Council while maintaining its advisory role.
The proposed resolution repeals the existing Finance Committee resolution and replaces it with an updated resolution that maintains the Committee's purpose and responsibilities while revising its membership composition. Under the proposed structure, the Committee will consist of five members: two City Council members appointed by the City Council and three members that are either Lodi residents or individuals who work or own a business in Lodi who p...
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