Infrastructure and Fiscal Monitoring Committee
On February 14, 2023, the Town Council dissolved the Town’s Capital Program Monitoring Committee and the Financial Advisory Committee and established the Infrastructure and Fiscal Monitoring Committee (IFMC) by Town Council Resolution #4476.
Charge: The charge of the IFMC is to monitor the implementation of the Town’s capital improvement program, funded by the voter-approved Measure J one-cent sales tax funds, as well as grant funding, Road Maintenance Fund monies and General Fund monies and any future funding sources.
Effective oversight requires the IFMC become familiar with the Town’s finances, budget, resource allocations and expenditures, and to make recommendations to Town Council regarding matters affecting the Town’s financial position.
Purpose: The purpose of the Committee is to ensure that the Town’s finances are open and transparent and to engage residents in the process of allocating the Town’s limited financial resources.
Goals and Objectives: The objectives of the Committee are to review and report on the use of the general purpose revenues generated by local tax measures, review the Town’s capital improvement plan and current budget, identify the Town’s primary unmet needs, and make recommendations to the Town Council regarding how best to accomplish and fund the Town’s priority needs.
Organization: The Committee consists of seven voting members, representing a diverse representation of the community, including two Town Council members and three designated Town Staff liaisons (Town Manager, Public Works Director, and Finance & Administrative Services Director) who will service in an advisory capacity only.
Members will serve three-year terms, except when a member is appointed for a shorter period to fill the end of a vacated term. The appointment schedule is staggered so that no more than half of the seats expire in any one year.
- Quarterly, at a minimum
- Currently scheduled for: January, April, September & November
- With Zoom capability if needed