SUBJECT/RECOMMENDATION:
Title
Amend City Council Policies 2-16, 2-21 and 5-6. (consent)
Body
SUMMARY:
Staff is recommending changes to the following areas:
Policy 2-16 - Investment Policy (12. Internal Controls)
“…The Finance Director shall establish an Investment Committee that meets on a regular basis for the purpose of reviewing investment transactions, approving brokers/dealer changes and other investment activities. The Investment Committee members will be the Finance Director, Assistant Finance Director, Cash & Investment Accounting Manager and any other City staff members appointed by the Finance Director.”
Note - change in position title.
Policy 2-21 Special Events Fee.
“…The City Council may waive all or a portion of fees and related charges for City sponsored or co-sponsored events, including, but not limited to Fun 'N Sun, Jazz Holiday, July 4th, Turkey Trot, and Martin Luther King Parade. There shall be an annual review of City sponsored/co-sponsored events during the budget process...”
Note- the Fun ‘N Sun event no longer exists.
Policy 5-6 - Copyright Fees.
“The City shall pay the necessary copyright fees to ASCAP for those concerts in the bandshell co-sponsored by the City. The City shall provide a monthly report to ASCAP regarding activities in the bandshell and ASCAP shall be responsible for collecting the fees from bands participating in non-City sponsored programs. In addition, the City shall pay the necessary copyright fees to BMI MPLC for showing movies at various recreation centers.”
Note- copyright fees are paid to the Motion Picture Licensing Corp. (MPLC)
At the May 14 work session, there was council consensus to approve the proposed changes. Staff was directed to place the item on the Consent Agenda.