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Financial Management Advisory Board
Held the second Wednesday of the month at 6 p.m. Check the municipal calendar for exact dates or updates.
Meeting location: Mt. Lebanon Municipal Building, 710 Washington Road and on Zoom.
Read agendas, minutes or watch meeting video.
The Financial Management Advisory Board will have nine members. After initial appointments to stagger terms, board members will serve for three year terms.
The purpose of the Financial Management Advisory Board is to provide recommendations to the Commission on fiscal policies, financial reports, pension investments, and other fiscal matters having significant impact on the municipality as determined by the Commission or municipal manager.
To review, monitor, and propose policy changes in alignment with the municipality's Comprehensive Plan as necessary to:
- Recommend changes to investments held by pension plans
- Recommend changes to fiscal policies
- To review the overall revenue streams of the Municipality and to recommend to the Commission changes including (but not limited to) real estate taxes, earned income taxes and fees.
- To review properties for which the Board deems the assessed value to be incorrect and recommend a corrective course of action to the Commission including but not limited to recommending the filing of real estate tax assessment appeals).
- To work with individual citizens, neighborhood groups, and municipal staff to develop and recommend improvements related to fiscal administrative services.
- To accomplish its work and gather public input, the Board may use surveys, community meetings, listening sessions, focus groups, study sessions, or public hearings, as necessary.
In the performance of its activities and duties the Board shall seek assistance from staff to ensure that all its actions and recommendations are in compliance with applicable municipal standards and regulations.
To ensure alignment with the Comprehensive Plan and long-term fiscal health of the Municipality:
- Advise the Commission and make recommendations concerning municipal fiscal management.
- Advise the Commission on the implementation of current and future fiscal management programs.
- Advise the Commission during the annual budget cycle regarding the long-term implications of projects, including but not limited to the Total Cost of Ownership, ongoing maintenance costs, Cost of Carbon, and others as determined by the Board or requested by the Commission. Act as a conduit of information between the municipality and the community to gather and assess the information necessary to make sound and consistent advisory recommendations to the municipality for policies and fiscal management changes.
The Board shall seek to promote close collaboration among Commission and other boards, municipal departments, individuals, businesses, schools, and institutions concerned with Municipal parks and recreation in order to promote public wellbeing, health, safety, and welfare.
- In fulfilling the collaborative duties described herein, the Commission may opt to appoint ex-officio members to other boards or commissions, where such formal non-voting participation can enhance the level of cooperation and collaboration among municipal boards and commissions.
- Any other activities directed by the Commission