***** NEW VACANCY *****
FINANCIAL ADVISORY COMMISSION
The City of La Quinta is looking for interested citizens to fill a vacancy on the Financial Advisory Commission (FAC) for an unexpired term ending June 30, 2022. Applicants must be a resident of La Quinta and a registered voter.
Please submit your application with the Clerk's Office by 5:00 p.m. on Wednesday, December 11, 2019. Interviews and appointment are scheduled for the regular City Council meeting on Tuesday, December 17, 2019, at 4:00 p.m. Applicants must be present for consideration. For more information you may contact Tania Flores at (760) 777 - 7016.
For an Application to serve on the FAC, click here.
The Investment Advisory Board (IAB) was established in 1993, had a name change in 2017 to the Financial Advisory Commission (FAC), is coordinated by the Finance Department (760) 777-7150, and is comprised of seven members appointed by the City Council. The day and place of the FAC meetings for upcoming fiscal years is established at the last regularly scheduled meeting of each fiscal year. The principal functions of the FAC are: (1) review at least annually the city's investment policy and recommend appropriate changes; (2) review monthly treasury reports and note compliance with the investment policy and adequacy of cash and investments for anticipated obligations; (3) receive and consider other reports provided by the city treasurer; (4) meet with the independent auditor after completion of the annual audit of the city's financial statements, and receive and consider the auditor's comments on auditing procedures, internal controls, and findings for cash and investment activities; (5) review annually the revenue derived from the one percent (1%) transactions and use tax instituted by voters in November 2016 to ensure these funds are used to provide services, programs and capital projects in the City of La Quinta, and (6) serve as a resource for the city treasurer on matters such as proposed investments, internal controls, use of change of financial institutions, custodians, brokers and dealers.
For more information about the FAC contact us at email@example.com or (760) 777-7150.
For a list of Current Commissioners, click here.
The Minutes for the FAC meetings will not be available until they have been approved at the next regular meeting.
The meeting agendas are typically available not less than 72 hours prior to each meeting and may be downloaded by clicking on one of the Event links below. The City reserves the right to make changes to the order of items listed on the agenda.
FOR AGENDAS FOR CURRENT MEETINGS, GO TO THE CALENDAR