Monthly typically the first Wednesday of the month at 2:00 p.m. and does not meet in July.

Council Chamber

With respect to all matters within the committee's policy areas, the mandate of this committee is:

* To provide advice and recommendations to Council;
* To oversee the implementation of approved policy decisions by the civic administration; and
* To exercise every power delegated by Council.

City Clerk's Office

306-975-3240

City Council

The policy areas for the Finance Committee include:
(a) finance;
(b) revenue collection;
(c) assessment;
(d) audits;
(e) all land matters including acquisitions, sales and leases of land, and the land development program;
(f) vehicles and equipment, not including Transit and Fire vehicles and equipment;
(g) controlled and statutory corporations;
(h) implementation of business planning and budget; and
(i) any other related area. 

The following powers or duties are delegated to the Finance Committee:

(a) the receipt and final consideration of any reports and status updates respecting any program or business line within the committee’s policy areas;
(b) the setting of remuneration for members of the Saskatoon Board of Revision;
(c) the approval of requests for transcripts of a Council meeting by a Council member;
(d) the approval of Tag Days;
(e) the approval of interest rates to be charged on past due accounts;
(f) the overall supervision of the land development program including:
    (i) the approval of the sale of City-owned serviced land; and
    (ii) the approval of direct sales and long-term leases under the City’s Industrial Land Incentives Program;
(g) the approval of all incentives under the Business Development Incentives Program, except for property tax abatements;
(h) the overall supervision of the City’s annual and long-term audit plans including the approval of the selection and terms of engagement of an internal and external auditor which includes the enterprise risk management audit function, and the implementation of internal controls over financial reporting, operational effectiveness and efficiency, regulatory compliance, fraud prevention and detection,
and safeguarding corporate assets;
(i) the approval of all leases of privately owned property by the City for civic purposes;
(j) the approval of leasing of civic buildings to outside organizations;
(k) the consideration of all reports and requests from Discover Saskatoon and the Saskatchewan Regional Economic Development Authority; and
(l) the receipt of reports on the awarding of contracts that have a value between $50,000.00 and $75,000.00, and that have not been awarded through a public tender process.

The committee consists of five City Councillors, with the Mayor as ex officio.