The Finance Committee is responsible for gathering assessments and needs from the Department Heads and assembling a city budget. They present this as a recommendation to the Board of Aldermen for their approval. Sunset Hills' budget is annual and runs from January through the end of December. In July, Department Heads start preparing their budgets for the following year. In around August, the Finance Committee starts reviewing these submissions and makes recommendations back to the Department Heads based upon anticipated revenue projections for the next year. By the November Board of Alderman meeting, the following year's budget is read at this meeting for approval at the December Board of Alderman session. The Finance Committee will also typically meet in April and May to go over Employee Benefit programs. These plans typically run from the start of June through the end of May. This committee also reviews city income and expenses quarterly, prepare long range financial projections, review and recommend budget amendments and prepares and reviews long term capital improvement plans.
Membership The Finance Committee consists of five members, two of which shall be aldermen and three of which shall be residents, all appointed by the Mayor with approval of the Board of Aldermen. There is no limit on the successive terms a member may serve. The chair is appointed by the Mayor with approval of the Board of Aldermen. Members shall serve for a two year term or until a successor is appointed and qualified. One of the aldermen shall serve as chairman, one resident member shall be an accountant and one resident member shall have experience in accounting. Vacancies are filled for the unexpired term only.