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r� <br />JAN 2 8 1987 <br />.. BOOK �� PAr,E'�5O 1 <br />3. Conduct a continuing review of the investment <br />program of the County to maximize the return on <br />money invested. <br />4. Initiate studies or inquiries on financial and <br />accounting matters which may be deemed advisable by <br />the FINANCE ADVISORY COMMITTEE and/or the County <br />Commission. <br />5. Investigate financing options available to the <br />County on major capital improvements projects and <br />all expenditures, making recommendations accordingly. <br />D. LIMITATIONS: The FINANCE ADVISORY COMMITTEE shall: <br />1. Act only in an advisory capacity. <br />2. Have no authority to implement any of its <br />recommendations. <br />3. Be nonpolitical in nature. <br />4. Have no budget. <br />E. ORGANIZATIONAL STRUCTURE: <br />1. The FINANCE ADVISORY COMMITTEE shall consist of <br />five (5) members; all of whom shall be residents of <br />Indian River County; one of whom shall be Chairman, <br />one Vice -Chairman and one Secretary. <br />2. Regular ex -officio members of the COMMITTEE shall be <br />either the County Administrator or his authorized <br />representative, and either the Finance Director or <br />his authorized representative. <br />F. QUALIFICATIONS OF MEMBERS: COMMITTEE Members shall have <br />diversified experience in financial and/or accounting fields. <br />G. APPOINTMENT OF MEMBERS: <br />1. The members of the FINANCE ADVISORY COMMITTEE shall be <br />appointed by majority vote of the County Commission, <br />such appointments to be made no later than January 31st <br />of each year, except for initial appointments. <br />2. The COMMITTEE shal elect annually its Chairman, Vice <br />Chairman and Secretary. <br />3. Each COMMITTEE member shall serve at the pleasure of <br />the County Commission. Any appointment may be terminated <br />= -2- _. <br />