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Mission/Purpose: Provide leadership for the implemention of the County Strategic Plan, monitoring outcomes, reviewing and recommending to the County Board policies related to the finance and property of the County.
Statutory Responsibilities: (65.90(5) (b), 893.80, 65.90(5) (a), 59.62 and their successor statutes.
Membership: The Finance & Property Committee shall be comprised of seven (7) County Board Supervisors, appointed by the County Board Chairperson and confirmed by the County Board at the April meeting of the County Board in even numbered years. At least one County Board member of the C.I.P. Committee will be appointed to the Finance & Facilities Committee.
Term: Members shall serve a two year term concurrent with their terms of office as County Board Supervisors.
Reporting Relationship: The Finance & Property Committee shall be accountable to the County Board. It shall have the responsibility for outcome monitoring and overseeing the implementation of all policies related to financial and property matters of the County. The Finance & Property Committee shall have the primary responsibility of conferring with and providing guidance to the following County departments:
• Treasurer’s Office
• Finance Department
• County Clerk’s Office
• Register of Deeds Office
• Facilities and Capital Management
The Duties and Responsibilities of the Finance & Property Committee shall include but are not limited to:
1. Consult with County program committees, and in consultation with County Administration, develop annual short-term and multiple year long-term budget assumptions to guide budget development.
2. Review and accept the annual budget proposed by the County Administrator, conduct public listening sessions regarding the proposed budget, and submit with appropriate revisions to the County Board for its consideration, possible modification, and adoption.
3. Review, and on behalf of the County Board act upon claims including all litigation claims against the County.
4. Monitor and oversee all County financial matters including, but not limited to, bills, audit reports, investments, insurance policies, bonding, contingency funds, property acquired by tax deed, budget amendments and transfers, and risk management programs including collaboration on labor contract negotiation issues. Establish, monitor and appropriately update acquisition policies, use and disposition of non-tax and tax deeded land acquired by the County
5. Establish and monitor the County’s policies regarding donations and grants.
6. Review and approve for submission all grant requests which directly affect the finances of the County.
7. Authorize the transfer of funds between budgeted items of an individual County office, or County department, and authorize the transfer of funds from the contingency fund to supplement the appropriation for a particular office, department or activity as long as such transfer do not:
a. Exceed the amount set up in the contingent fund, or
b. Add up to more than 10 percent of the fund originally budgeted to each individual office or department or activity.
8. Provide for publication of notice of contingent fund transfers pursuant to law.
9. Recommend to the County Board transfers from the General fund.
10. Additional duties as may be assigned by the County Board Chairperson.
Committee Relationships: The Finance & Property Committee shall be the committee of jurisdiction providing the leadership for interaction, communication, and policy recommendations to the County Board with respect to the following:
• Capital Improvement Program Committee (CIP)
• City/County IT Commission (CCITC)
3636 Sherah Drive
Wausau, WI 54403
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