Budget, Investment & Technology
PurposeThe Budget, Investment, and Technology Commission (BIT) is appointed by and acts as an advisory body to the City Council in matters pertaining to the short and long range financial planning and funding of City activities, the investment of City funds invested by the City Treasurer and the use of information technology that will assist in the accomplishment of the City's goals and objectives.
- At least once per quarter. Dates to be determined but are generally the 4th Wednesday of the following months: January, February, May, June, September, October, November, December.
- City Hall, 6th Floor
200 S. Anaheim Blvd.
Anaheim, CA 92805
This is a 7 member commission (Roster). All members shall reside or work within the City and not hold any paid office or employment in the City. Commission members may serve up to 2 consecutive 4-year terms and may not concurrently serve on 2 or more City boards and commissions.
- Review the annual budget proposed by the City Manager, hold public meetings concerning the proposed annual budget and make recommendations regarding said budget to the City Council.
- Review the City's general fund, capital improvement program, and special funds budgets, including review of policies and procedures, time frames, format, and specific allocation proposals. Emphasis of the commission shall be on programs and or major expenditures, not on line item details.
- Review proposals and make recommendations regarding new and increased revenue sources and service delivery alternatives.
- Explore alternative approaches for financing future capital improvement projects.
- Review investment reports submitted to City Council, including the annual investment policy and monthly report submitted and proposed by the City Treasurer and make recommendations accordingly.
- Review and make recommendations on the City Treasurer's investment strategies and portfolio asset and maturity structure, emphasis shall be on the overall investment activities incorporating cash flow, permitted investments, and risk return factors.
- Act in an advisory capacity concerning investment of City Funds, including but not limited to funds of the Redevelopment Agency, Housing Authority, and Public Financing Authority.
- Act in an advisory capacity in matters relating to the use of information technology.
- Recommend technologies aimed at addressing the needs of a diverse cross-section of the City's residents, businesses, and visitors.
- Review and maintain knowledge of current and future technology trends.
- Perform such additional duties and functions as may be required from time to time by specific action and direction of the City Council.